San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 6-14-15. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 6-14-15.

by Chuck Gillooley

One of the changes that is common to see around this time of year is that the number offers that each property fetches tends to drop from what you might see in the peak months of March-May.  This makes sense, because when the calendar hits June, many buyers hit the road. And if it’s not vacation that’s beckoning, it’s the multitude of graduations and weddings that are pulling at everyone’s time.

It’s important to note this, because what is not happening right now with this decrease in offers is a decrease in purchase prices. Quite the contrary – although the homes that went pending over the past two weeks fetched fewer offers, there was definitely no signs of weakness in the prices that these homes fetched, as you will see when the sales prices are posted on the blog in the coming weeks.

It’s important for buyers to not get lulled into a sense of complacency if they are only up against 1-2 other offers on a particular property, because it’s clear from the market performance that a decrease in the number of offers is not causing a decrease in the final price.

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 6-14-2015:

San Carlos Housing Data 6-14-15 Prior Week
Closed Sales for the Week: 5 3
Average Sold Price: $1,736,300 $1,551,933
Average $/Sq Foot (Sold) $826 $909
Average Sold as Percentage Of List Price: 110% 106%
Average DOM of Closed Sales 13 9
No. of Homes Pending Sale: 24 22
No. of New Listings: 5 6
Total # of Active Listings: 9 11
Average Price of Active Listings: $1,895,556 $1,962,364
Average DOM of Active Listings: 20 20
Average $/Sq Foot (List) $757 $770
Active-Pending Ratio: 0.38 : 1 0.50 : 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.

San Carlos Open House List

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Single-Family Homes Sold in San Carlos:

24 Oak Creek Lane, San Carlos
24 Oak Creek Lane, 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
24 Oak Creek Lane $1,850,000 $1,695,000 +$155,000 (+9.1%) 7
2532 San Carlos Avenue $1,800,000 $1,980,000 -$180,000 (-9.1%) 23
50 Club Drive $1,708,000 $1,498,000 +$210,000 (+14.0%) 12
1920 Eucalyptus Avenue $1,700,000 $1,300,000 +$400,000 (+30.8%) 7
173 Fairmont Avenue $1,625,000 $1,549,000 +$76,000 (+4.9%) 16

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.

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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
947 Woodland Avenue 25 $1,889,000
136 Garnet Avenue 8 $1,150,000
1816 Greenwood Avenue 9 $1,498,000
1750 Chestnut Street 9 $1,695,000
996 Hall Street 5 $1,049,000
1050 Drake Court 17 $1,990,000

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:

1985 Saint Francis Way, San Carlos
1985 Saint Francis Way, 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
1985 Saint Francis Way $1,848,000 4BR/3BA 2,416/5,500 Chuck Gillooley, Dwell Realtors
2012 Saint Francis Way $1,675,000 3BR/2BA 2,060/6,328 Ken Nichols, Realty World
54 Madera Avenue $1,498,000 3BR/3BA 1,940/5,952 Craig Smith, Intero
996 Hall Street $1,049,000 3BR/2BA 1,510/5,000 Bryan Jacobs, Realsmart Properties
1026 Alameda de las Pulgas $975,000 2BR/1BA 1,007/5,856 Lana Wong, Alain Pinel Realtors

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.)

Homes for Sale in San Carlos

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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
3327 La Mesa Drive #8 $910,000 $739,000 +$171,000 (+23.1%) 7

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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.

Address DOM (days)
728 Elm Street #308 11

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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
20 Buttercup Lane $1,149,000 2BR/2.5BA 1,793 Eddie Azzopardi, Realty World
1700 San Carlos Avenue #203 $549,888 1BR/1BA 960 Michael Johnston, Alain Pinel Realtors

___________________________________________ (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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