San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 6-28-15. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 6-28-15.

by Chuck Gillooley

There’s no doubt about it – the real estate market in San Carlos has certainly cooled down a bit over the past two weeks. The attendance at open houses has been lighter, and homes that are on the market now don’t seem to be getting the frenzied response they might have gotten only a month or so ago.

The numbers reflect this slowdown as well.  The average days on the market (DOM) of all active single-family residence listings in San Carlos is now at 19 days — certainly not an eternity for most real estate markets, but probably the longest we’ve seen all year in our local market.

Much of this may be attributed to the traditional seasonal slowing that has been discussed numerous times in this weekly post. But we will be closely watching the market over the summer months to see if there isn’t more to this trend. After 3+ years of breakneck growth, there are those who believe the market is due to level off in the coming months as the economic growth tapers, and interest rates finally start to climb.

This reduced competition presents a golden opportunity for buyers who are still diligently looking for a home during the summer months. It’s going to be an interesting summer…

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 6-28-2015:

San Carlos Housing Data 6-28-15 Prior Week
Closed Sales for the Week: 2 7
Average Sold Price: $1,605,000 $1,257,857
Average $/Sq Foot (Sold) $763 $783
Average Sold as Percentage Of List Price: 113% 118%
Average DOM of Closed Sales 55 17
No. of Homes Pending Sale: 22 20
No. of New Listings: 4 4
Total # of Active Listings: 11 11
Average Price of Active Listings: $1,910,535 $1,846,727
Average DOM of Active Listings: 19 16
Average $/Sq Foot (List) $737 $711
Active-Pending Ratio: 0.50 : 1 0.55 : 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:

32 Camborne Avenue, San Carlos
32 Camborne Avenue, 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
32 Camborne Avenue $1,900,000 $1,699,950 +$200,050 (+11.8%) 9
1385 Alameda de las Pulgas $1,310,000 $1,150,000 +$160,000 (+13.9%) 13

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
54 Madera Avenue 13 $1,498,000
174 Ruby Avenue 7 $1,198,000
1026 Alameda de las Pulgas 13 $975,000
527 Hillcrest Road 8 $1,398,000

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:

205 Glasgow Lane, San Carlos
205 Glasgow Lane, 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
205 Glasgow Lane $2,395,000 4BR/3BA 2,430/12,141 Bob Bredel, Dwell Realtors
235 Lemoore Drive $1,588,888 3BR/2BA 2,030/7,424 Debbie Wong, Better Homes
2220 San Carlos Avenue $899,000 3BR/2BA 1,940/6,500 Val Vandervort, Keller Williams
127 Chesham Avenue $888,000 2BR/1BA 959/5,700 Nathan Nunes, Better Homes

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
22 Buttercup Lane $1,195,000 $1,195,000 0 (0%) 5
1510 Cherry Street #5 $531,000 $510,000 +$21,000 (+4.1%) 9

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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)
3335 Brittan Avenue #3 7

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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
3 Bellflower Lane $1,225,000 2BR/2.5BA 1,920 Eddie Azzopardi, Realty World

___________________________________________ (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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