San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 9-6-15. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 9-6-15.

by Chuck Gillooley

The Scoop.

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:

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 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 Open House List

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San Carlos Single-Family Homes Sold:

2612 Graceland Avenue, San Carlos
2612 Graceland 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
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.

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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
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:

1149 Greenbrier Road, San Carlos
1149 Greenbrier Road, 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.)

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
3009 Melendy Drive #4 $915,000 $799,000 +$116,000 (+14.5%)
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)
661 Prospect Street 0
3 Torino Lane 11
633 Elm Street #310 9
15 Violet Lane 6
3310 Brittan Avenue #17 10

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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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The San Carlos Real Estate Week in Review: 9-6-15., 4.0 out of 5 based on 3 ratings
Comments 2
  • As a first time homebuyer these numbers depress me to no end. I’d love to live on the peninsula but I can’t see how any first time buyers have that option anymore. At some point we will be calling this a bubble and it will eventually pop, right?

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    • There are thousands of jobs being created with almost no new housing being added. As long as demand far exceeds supply, prices will keep going up, especially in areas with good schools.

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