The San Carlos Real Estate Week in Review: 7-12-15.

July 13, 2015

1050-Drake-Court

The “slight bump” in listings that I predicted (or wishfully hoped for) in last week's post somewhat materialized over the past week.  There were five new listings to test the summer market, which is still a significant number considering that it's mid-July and the market is usually quiet this time of year.

The recent sales posted below at 30 Upland Avenue and 1616 Chestnut Street show that there is still significant strength in the 3-bedroom market, with both of these homes surprisingly topping the $1.6M mark. It will be interesting to see if that momentum continues with any new 3-bedroom listings that hit the market in them coming weeks.

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 7-day period ending Sunday 7-12-2015:

San Carlos Housing Data 7-12-15 Prior Week
Closed Sales for the Week: 4 3
Average Sold Price: $1,775,950 $1,465,000
Average $/Sq Foot (Sold) $801 $860
Average Sold as Percentage Of List Price: 112% 105%
Average DOM of Closed Sales 28 13
No. of Homes Pending Sale: 24 25
No. of New Listings: 5 4
Total # of Active Listings: 10 9
Average Price of Active Listings: $1,693,100 $1,714,889
Average DOM of Active Listings: 9 19
Average $/Sq Foot (List) $807 $726
Active-Pending Ratio: 0.42 : 1 0.36 : 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:

1050 Drake Court, San Carlos

1050 Drake Court, 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
1050 Drake Court $2,100,000 $1,990,000 +$110,000 (+5.5%) 17
252 Gaslight Lane $1,688,000 $1,788,000 -$100,000 (-5.6%) 68
30 Upland Avenue $1,675,000 $1,298,000 +$377,000 (+29.0%) 14
1616 Chestnut Street $1,640,800 $1,399,000 +$241,800 (+17.3%) 12

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
1985 Saint Francis Way 24 $1,848,000
127 Chesham Avenue 14 $888,000
2220 San Carlos Avenue 12 $899,000

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:

138 Kings Court, San Carlos

138 Kings Court, 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
138 Kings Court $3,788,000 5BR/4.5BA 5,025/22,461 Bobbi Decker, Today Sothebys
2668 Thornhill Drive $2,288,000 4BR/3.5BA 2,553/5,650 Mark Palermo, Keller Williams
1350 Chestnut Street $1,488,000 3BR/2BA 1,390/4,560 Haifa Khoury, Today Sothebys
100 Edgehill Drive $1,400,000 3BR/2.5BA 2,150/6,500 Mona Naber, Century 21
1160 Walnut Street $1,099,000 2BR/2BA 1,100/4,800 Sandy Rostad, 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.)

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
20 Buttercup Lane $1,285,000 $1,149,000 +$136,000 (11.8%) 8
1001 Laurel Street #422 $988,000 $888,888 +$99,112 (11.2%) 38

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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)
645 Prospect Street #301 22

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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
618 Walnut Street #406 $950,000 2BR/2BA 1,258 Dee Edmonds, Coldwell Banker

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(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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