The San Carlos Real Estate Week in Review: 8-9-15.

August 10, 2015

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The Scoop.

Continuing our discussion from last week about the $2,000,000 sales mark for homes in San Carlos, this week marked another interesting milestone — the average list price for all 13 homes currently on the market in San Carlos is now sitting at $2,001,000. Since I have been compiling statistics for the Real Estate Week in Review, I cannot recall if or when the average asking price has ever topped $2M for a given week. I can remember that it wasn't too long ago when the average price of a home in San Carlos first eclipsed the $1,000,000 mark, though.  It was more recent than you probably think!

The same milestone also held true for homes that closed escrow this past week, with two of the three homes selling for over $2,000,000. There doesn't seem to be any reluctance to hit this mark in San Carlos, that's for sure.

After a relatively busy week, the condo and townhouse market has went back to sleep. There were no new listings in San Carlos last week in this market segment, and no closed sales to report. Only one unit went pending last week, putting the inventory at three units for sale in the entire city. And those three should all be in contract sometime this week.

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 8-9-2015:

San Carlos Housing Data 8-9-15 Prior Week
Closed Sales for the Week: 3 5
Average Sold Price: $2,001,000 $1,857,500
Average $/Sq Foot (Sold) $888 $777
Average Sold as Percentage Of List Price: 113% 115%
Average DOM of Closed Sales 28 14
No. of Homes Pending Sale: 21 17
No. of New Listings: 7 4
Total # of Active Listings: 13 13
Average Price of Active Listings: $2,074,308 $1,759,267
Average DOM of Active Listings: 11 14
Average $/Sq Foot (List) $751 $792
Active-Pending Ratio: 0.62 : 1 0.76 : 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:

149 Madera Avenue, San Carlos

149 Madera 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
868 Hemlock Street $2,525,000 $2,080,000 +$445,000 (+21.4%) 47
149 Madera Avenue $2,028,000 $2,188,000 -$160,000 (-7.3%) 30
136 Garnet Avenue $1,450,000 $1,150,000 +$300,000 (+26.1%) 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
363 Laurel Street 37 $1,050,000
440 Chestnut Street 13 $1,595,000
1976 White Oak Way 12 $1,195,000
1561 Greenwood Avenue 17 $1,499,500
229 Oakview Drive 14 $1,495,000
2806 San Carlos Avenue 7 $1,098,000
57 Madera Avenue 10 $1,199,000

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:

281 Dartmouth Avenue, San Carlos

281 Dartmouth 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
281 Dartmouth Avenue $3,198,000 4BR/3.5BA 3,000/14,800 Todd Weidmer, RealSmart Properties
313 Oakview Drive $2,595,000 4BR/3.5BA 4,212/7,800 Medina Begic, Coldwell Banker
204 Exeter Avenue $1,788,000 4BR/3.5BA 3,450/8,851 Donna Colangelo, Intero
171 Rogers Avenue $1,650,000 3BR/3BA 1,845/6,300 Tom Kucsak, Berkshire Hathaway
509 De Anza Avenue $1,449,000 3BR/2BA 1,990/10,140 Michelle Glaubert, Coldwell Banker
2840 Brittan Avenue $1,399,000 3BR/2BA 2,030/10,374 Stephen Hicks, Gateway Properties
977 Alameda $1,148,000 3BR/1.5BA 1,240/6,048 Justine Ford

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
$– $– $–

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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)
3009 Melendy Drive #4 9

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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
$–

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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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