The big number to report in this week’s update is the percentage over the asking price for the homes that closed escrow last week. The five homes that sold last week fetched an average premium of 21% over their respective asking prices, which is significantly higher than what we normally see on a weekly basis. Looking at the list of sold homes below, it’s a combination of a few listings that were simply priced too low, but there were also a couple that fetched surprisingly high prices. Either way, it was a banner week for home prices in San Carlos.
New listing activity was decent, especially considering that it was the week preceding Labor Day. Many sellers opt to wait until after the 3-day weekend to put their home on the market, so it will be interesting to see what pops up later this week.
Here’s the recap 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 9-6-2015:
|San Carlos Housing Data||9-6-15||Prior Week|
|Closed Sales for the Week:||5||2|
|Average Sold Price:||$1,834,000||$1,770,000|
|Average $/Sq Foot (Sold)||$872||$909|
|Average Sold as Percentage Of List Price:||121%||110%|
|Average DOM of Closed Sales||13||12|
|No. of Homes Pending Sale:||22||22|
|No. of New Listings:||6||6|
|Total # of Active Listings:||10||11|
|Average Price of Active Listings:||$1,742,895||$1,772,700|
|Average DOM of Active Listings:||12||10|
|Average $/Sq Foot (List)||$809||$791|
|Active-Pending Ratio:||0.45 : 1||0.50 : 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|
|2612 Graceland Avenue||$2,550,000||$2,098,000||+$452,000 (+21.5%)||17|
|440 Chestnut Street||$2,005,000||$1,595,000||+$410,050 (+25.7%)||13|
|209 Beverly Drive||$1,700,000||$1,299,950||+$400,050 (+30.8%)||12|
|229 Oakview Drive||$1,665,000||$1,495,000||+$170,000 (+11.4%)||14|
|2806 San Carlos Avenue||$1,250,000||$1,098,000||+$152,000 (+13.8%)||7|
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.
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|
|281 Dartmouth Avenue||28||$3,198,000|
|2032 Birch Avenue||12||$1,078,000|
|1118 Royal Lane||9||$1,298,000|
|1940 Belmont Avenue||9||$1,075,000|
|145 Lynton Avenue||10||$1,788,000|
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|
|1149 Greenbrier Road||$2,695,000||4BR/3.5BA||4,450/10,670||Sam Anagnostou, Coldwell Banker|
|893 Bauer Drive||$1,699,000||4BR/2BA||2,250/13,200||Lizette D’Almeida, Loh Realty|
|1291 Crestview Drive||$1,695,000||3BR/2.5BA||2,300/19,350||Carrie Du Bois Coldwell Banker|
|1004 Walnut Street||$1,150,000||2BR/1BA||1,110/6,000||Tim Anderson, Alain Pinel Realtors|
|1036 Springfield Drive||$899,950||3BR/1BA||1,140/5,000||John Shroyer, Today Sothebys|
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.)
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|
|3009 Melendy Drive #4||$915,000||$799,000|| +$116,000 (+14.5%)
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.
|661 Prospect Street||0|
|3 Torino Lane||11|
|633 Elm Street #310||9|
|15 Violet Lane||6|
|3310 Brittan Avenue #17||10|
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|
(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)
Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!