The statistics in the San Carlos real estate market are eerily similar this week to where they were last week at this time. The number of new listings was exactly offset by the number of homes that went into contract, thus keeping the number of homes for sale in the city unchanged at 14, which is still an incredibly low number for what is generally the peak period in the Spring real estate market.
Prices on closed home sales remained strong and incredibly resilient, with the average home sale in San Carlos last week hitting a whopping $1.7M. It wasn’t too many years ago that I was commenting on this site about the significance of breaking the magic $1M barrier. Now, it seems like only a matter of time before the average price hits $2M in the City of Good Living.
Here are the details from last week:
By the Numbers.
Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 5-17-2015:
|San Carlos Housing Data||5-17-15||Prior Week|
|Closed Sales for the Week:||7||2|
|Average Sold Price:||$1,723,286||$1,757,500|
|Average $/Sq Foot (Sold)||$900||$1,315|
|Average Sold as Percentage Of List Price:||113%||125%|
|Average DOM of Closed Sales||16||10|
|No. of Homes Pending Sale:||26||27|
|No. of New Listings:||6||9|
|Total # of Active Listings:||14||14|
|Average Price of Active Listings:||$1,968,357||$1,661,639|
|Average DOM of Active Listings:||12||9|
|Average $/Sq Foot (List)||$750||$717|
|Active-Pending Ratio:||0.54 : 1||0.52 : 1|
The San Carlos Open House Page.
If you’re looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you’ll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It’s updated continuously from the MLS, so bookmark this link and you’ll never have to wander around town looking for open houses again.
Single-Family Homes Sold in San Carlos:
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||Days on Market|
|202 Timothy Drive||$2,250,000||$1,798,000||+$452,000 (+25.1%)||10|
|75 Porto Marino Way||$2,005,000||$1,980,000||+$25,000 (+1.3%)||16|
|84 Hilltop Drive||$1,701,000||$1,375,000||+$326,000 (+23.7%)||10|
|144 Edgehill Drive||$1,615,000||$1,850,000||-$235,000 (-12.7%)||36|
|147 Wildwood Avenue||$1,557,000||$1,350,000||+$207,000 (+15.3%)||14|
|3190 La Mesa Drive||$1,525,000||$1,499,000||+$26,000 (+1.7%)||17|
|1703 Belmont Avenue||$1,410,000||$1,050,000||+$360,000 (+34.3%)||10|
Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.
San Carlos Homes Pending Sale for the Week:
The following homes went into contract his week. Click on the address of each home to see more details and photos:
|Address||DOM (days)||List Price|
|140 Palm Avenue||8||$968,950|
|12 Cranfield Avenue||9||$949,000|
|20 Barbara Lane||9||$1,298,000|
|1920 Eucalyptus Avenue||7||$1,300,000|
|173 Fairmont Avenue||16||$1,549,000|
|227 Lemoore Drive||8||$1,195,000|
Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction. _______________________________________________________________________________________
New Single-Family Home Listings in San Carlos:
Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to see more details and photos.
|Address||List Price||BR/BA||Sq Ft (home/lot)||Listed By|
|868 Hemlock Street||$2,650,000||4BR/3BA||2,550/16,700||David Young, Coldwell Banker|
|2500 Melendy Drive||$2,380,000||4BR/3BA||2,450/13,216||Shawna Sullivan, Coldwell Banker|
|947 Woodland Avenue||$1,889,000||3BR/2.5BA||2,354/4,510||Justine Ford & Associates|
|24 Oak Creek Lane||$1,695,000||3BR/3BA||2,630/8,276||Linda Barron, Capital Realty|
|2904 Brittan Avenue||$1,548,000||4BR/2.5BA||2,120/9,394||Chuck Gillooley, Dwell Realtors|
|1616 Chestnut Street||$1,399,000||3BR/2BA||1,640/4,400||Caroline Schwartz, McGuire Real Estate|
Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.
|Address||Sold Price||Orig. List||Difference||DOM|
|633 Elm Street #220||$1,006,000||$895,000||+$111,000 (+12.4%)||13|
Condo/Townhouse Pending Sale this Week.
The following condos/townhouses went into contract this week. Click on the address of each home to see more details and photos.
|220 Laurel Street #210||4|
|9 Honeysuckle Lane||12|
|618 Walnut Street #404||8|
|3375 Brittan Avenue #7||5|
New Condo/Townhouse Listings in San Carlos:
The following condo/townhouses listed this past week. Click on the address of each home to see more details and photos.
|Address||List Price||BR/BA||Sq Feet||Listed By|
|1001 Laurel Street #422||$888,888||2BR/2BA||1,138||Lorelei Komm, Keller Williams|
|3387 Brittan Avenue #9||$859,000||3BR/2BA||1,239||Sean Clar, RE/MAX|
___________________________________________ (The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)
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