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The San Carlos Real Estate Week in Review: 8-30-15.

by Chuck Gillooley

The Scoop.

Listing activity picked up somewhat last week in San Carlos, certainly when compared to the prior week. Six new homes jumped into the fray, and only two went into contract. This succeeded in bringing the inventory back out of the single-digit range, but only back up to 12 total units for sale in the entire city. Even as we head into September, this is a paltry inventory level for what normally is a robust Fall market.

Condo and townhouse buyers enjoyed a (relatively) healthy uptick in new listings, with four new units debuting on the market — this succeeded in bringing the inventory total up to 5 total units.  That’s certainly not a huge number, but it’s over double where we started last week at this time.

With the month of September starting tomorrow, there are about 2 months left in the calendar year of decent real estate activity – maybe an additional two weeks if November turns out to be a dry one again like it has in previous years.  Here’s to hoping that buyers get quite a few more listings to choose from before the end of this year.

Here’s the recap 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 8-30-2015:

San Carlos Housing Data 8-30-15 Prior Week
Closed Sales for the Week: 2 8
Average Sold Price: $1,770,000 $1,536,876
Average $/Sq Foot (Sold) $909 $967
Average Sold as Percentage Of List Price: 110% 112%
Average DOM of Closed Sales 12 16
No. of Homes Pending Sale: 22 22
No. of New Listings: 6 3
Total # of Active Listings: 11 7
Average Price of Active Listings: $1,772,700 $2,256,754
Average DOM of Active Listings: 10 23
Average $/Sq Foot (List) $791 $841
Active-Pending Ratio: 0.50 : 1 0.32 : 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:

1561 Greenwood Avenue, San Carlos
1561 Greenwood 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
1042 Buckland Avenue $2,040,000 $1,695,000 +$345,000 (+20.4%) 7
1561 Greenwood Avenue $1,500,000 $1,499,500 +$500 (+0%) 17

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. The source of this data is the Multiple Listing Service (MLS). Author is in now way responsible for the accuracy of the data from this source.

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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
2600 Howard Avenue 9 $1,898,000
138 Kings Court 53 $3,488,000

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:

932 Heather Drive, San Carlos
932 Heather Drive, 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
932 Heather Drive $2,498,000 4BR/3BA 2,430/7,321 Jennifer Kline, Kline Mann Realty
145 Lynton Avenue $1,788,000 4BR/3.5BA 3,260/15,500 Carroll La Vrar, Coldwell Banker
2245 Saint Francis Way $1,695,000 3BR/2BA 1,790/5,995 Michelle Jaeger, SC Properties
2845 Brittan Avenue $1,549,000 4BR/2.5BA 2,620/9,120 Lindsey Ehrlicher, Vanguard Properties
1118 Royal Lane $1,298,000 3BR/2.5BA 2,880/2,915 Laura Bertolacci, Dwell Realtors
1940 Belmont Avenue $1,075,000 2BR/1BA 1,270/5,170 Carrie Du Bois, 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. This data is pulled from the Multiple listing service, and the author is in no way responsible for the accuracy of the data provided herein.

(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)
3312 Brittan Avenue #4 12

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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
15 Violet Lane $1,249,000 3BR/2.5BA 2,200 George Lim, Sequoia Real Estate
633 Elm Street #310 $988,000 2BR/2BA 1,258 Justine Ford
939 Laurel Street #207 $799,000 2BR/2BA 1,331 Stacy Clark, Keller Williams
3310 Brittan Avenue #17 $749,000 2BR/2BA 1,040 Tara Jaramillo, Dwell Realtors

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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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