The further that we get into this amazing run up in home prices all along the Peninsula, the more we seem to find ourselves circling around the $2,000,000 sales mark for homes in San Carlos. In all of 2014, there were 26 homes that sold for $2M or higher in San Carlos (on the MLS) — there are already 20 in just the first 7 months of 2015. What makes this number even more remarkable that there have been 9 homes that just missed this apex in 2015, having closed between $1.9M and $2M. Two of those 9 closed this past week.
Having reported on the San Carlos real estate market every week for the past 8 years, it still blows my mind that I am reporting numbers like this for San Carlos. Truly amazing.
After a few quiet weeks, the condo and townhouse market has kicked back to life. There are 4 new listings that hit the market last week, which should give shoppers in the market segment a little bit more to see. And speaking of noticeable price increases, the unit that closed this week at 3 Bellflower Lane along the previous sale at 20 Buttercup Lane are serving notice that you should be thinking about a number beginning with $1.3M if you want a clean 2BR townhouse with a view up in Crestview Park.
Again, truly amazing…
Here’s the scoop from last week:
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 8-2-2015:
|San Carlos Housing Data||8-2-15||Prior Week|
|Closed Sales for the Week:||5||6|
|Average Sold Price:||$1,857,500||$1,471,000|
|Average $/Sq Foot (Sold)||$777||$795|
|Average Sold as Percentage Of List Price:||115%||119%|
|Average DOM of Closed Sales||14||10|
|No. of Homes Pending Sale:||17||16|
|No. of New Listings:||4||7|
|Total # of Active Listings:||13||14|
|Average Price of Active Listings:||$1,759,267||$1,785,243|
|Average DOM of Active Listings:||14||12|
|Average $/Sq Foot (List)||$792||$785|
|Active-Pending Ratio:||0.76 : 1||0.89 : 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 Single-Family Homes Sold:
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|
|1393 Cedar Street||$1,965,000||$1,798,000||+$167,000 (+9.3%)||9|
|3329 Melendy Drive||$1,965,000||$1,499,000||+$466,000 (+31.1%)||13|
|1985 Saint Francis Way||$1,850,000||$1,848,000||+$2,000 (+0.1%)||24|
|527 Hillcrest Road||$1,650,000||$1,398,000||+$252,000 (+18.0%)||8|
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 Single-Family Homes Pending Sale:
The following single-family homes went into contract in San Carlos this past week. Click on the address of each home to see more details and photos:
|Address||DOM (days)||List Price|
|1016 Porto Marino Drive||11||$1,448,000|
|2805 Brittan Avenue||9||$1,298,950|
|2012 Saint Francis Way||48||$1,675,000|
|209 Beverly Drive||12||$1,299,950|
|1042 Buckland Avenue||7||$1,695,000|
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|
|2612 Graceland Avenue||$2,098,000||5BR/3.5BA||3,757/15,488||Steve Pierce, Zane MacGregor|
|104 Brook Street||$1,198,000||3BR/2BA||1,530/4,200||Danielle Petty, Coldwell Banker|
|57 Madera Avenue||$1,199,000||2BR/2BA||1,480/4,944||Victoria Glynn, Today Sothebys|
|2806 San Carlos Avenue||$1,098,000||3BR/1.5BA||1,210/6,500||Galina Yusupov, Allegro|
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|
|3 Belflower Lane||$1,365,000||$1,225,000|| +$140,000 (+11.4%)
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.
|3341 Brittan Avenue #1||13|
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|
|16 Buttercup Lane||$1,195,000||2BR/2.5BA||1,793||Sally Lau, Coldwell Banker|
|3009 Melendy Drive #4||$799,000||2BR/2BA||1,570||Justine Ford|
|3319 La Mesa Drive #7||$719,000||2BR/2BA||1,040||Suzanne Bowler, Intero|
|728 Elm Street #303||$625,000||2BR/2BA||1,070||Liz Pollard, 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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