The June Swoon that we have been experiencing since the beginning of this month continued in earnest last week. Only 3 homes were put into contract, and one of them had been on and off the market for over two months. Granted, there still isn’t a huge inventory being built up while buyers decide what they want to do — only 4 new listings tested the market last week which only offset what went into contract — but there are still some very nice homes on the market that some smart buyers are going snatch up.
For home buyers, this is just about the exact scenario that you’ve been waiting for all year — less buying pressure, and less competition. Once we get a reasonable bump in inventory, your persistence may pay off for you as we head into the summer months.
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 6-21-2015:
|San Carlos Housing Data||6-21-15||Prior Week|
|Closed Sales for the Week:||7||5|
|Average Sold Price:||$1,257,857||$1,736,300|
|Average $/Sq Foot (Sold)||$783||$826|
|Average Sold as Percentage Of List Price:||118%||110%|
|Average DOM of Closed Sales||17||13|
|No. of Homes Pending Sale:||20||24|
|No. of New Listings:||4||5|
|Total # of Active Listings:||11||9|
|Average Price of Active Listings:||$1,846,727||$1,895,556|
|Average DOM of Active Listings:||16||20|
|Average $/Sq Foot (List)||$711||$757|
|Active-Pending Ratio:||0.55 : 1||0.38 : 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|
|227 Lemoore Drive||$1,640,000||$1,195,000||+$445,000 (+37.2%)||8|
|662 Dartmouth Avenue||$1,400,000||$1,495,000||-$95,000 (-6.4%)||16|
|116 Wilshire Court||$1,350,000||$899,000||+$451,000 (+50.2%)||13|
|12 Cranfield Avenue||$1,205,000||$949,000||+$256,000 (+27.0%)||12|
|2524 San Carlos Avenue||$1,200,000||$1,188,000||+$12,000 (+1.0%)||22|
|925 Montgomery Street||$1,100,000||$899,000||+$201,000 (+22.4%)||13|
|906 Montgomery Street||$910,000||$949,000||-$39,000 (-4.1%)||37|
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|
|252 Gaslight Lane||68||$1,699,000|
|30 Upland Avenue||14||$1,298,000|
|910 Hall Street||15||$925,000|
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|
|527 Hillcrest Road||$1,398,000||3BR/3BA||2,980/5,141||John Shroyer, Today Sothebys|
|259 Winding Way||$1,325,000||3BR/2.5BA||2,495/3,960||Bob Bredel, Dwell Realtors|
|174 Ruby Avenue||$1,198,000||3BR/2BA||1,820/6,130||Chet Lane, Berkshire Hathaway|
|932 Lupin Way Upper||$1,149,000||3BR/2.5BA||1,860/5,500||Tom Huff, Coldwell Banker|
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|
|3387 Brittan Avenue #9||$925,000||$859,000||+$66,000 (+7.7%)||7|
|222 Laurel Street #210||$500,000||$449,000||+$51,000 (+11.4%)||4|
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.
|1700 San Carlos Avenue #203||10|
|20 Buttercup Lane||8|
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|
|645 Prospect Street #301||$895,000||2BR/2BA||1,598||Bob Hintz, Today Sothebys|
|3355 Brittan Avenue #3||$745,000||2BR/2BA||1,040||Mike Wang, Keller Williams|
___________________________________________ (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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