San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 8-2-15. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 8-2-15.

by Chuck Gillooley

The Scoop.

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:

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 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 Open House List

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San Carlos Single-Family Homes Sold:

1393 Cedar Street, San Carlos
1393 Cedar Street, 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
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.

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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:

2612 Graceland Avenue, San Carlos
2612 Graceland Avenue, 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.)

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
3 Belflower Lane $1,365,000 $1,225,000 +$140,000 (+11.4%)
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)
3341 Brittan Avenue #1 13

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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
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

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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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