One big difference that you’ll notice when you compare the Fall real estate market to the Spring market in San Carlos is that while the Fall market has its ebbs and flows from week to week. Some weeks are simply more active and intense than others, compared to the Spring market of this year, which was pretty much on full afterburner every single day up until June.
Last week we made note of the huge premium that the homes that closed escrow last week fetched compared to the original list price (21% over). This week’s closings, while still averaging more than 100% of the list price, were not nearly as strong as the prior week at only 7% above. In fact, 3 of the 7 homes that closed escrow last week sold below their original asking price. Is that just one of those weekly ebbs, or a sign of a change in the market? Most likely it’s the former and not the latter, but it’s certainly worth keeping an eye on in the coming weeks.
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 9-13-2015:
|San Carlos Housing Data||9-13-15||Prior Week|
|Closed Sales for the Week:||7||5|
|Average Sold Price:||$1,400,357||$1,834,000|
|Average $/Sq Foot (Sold)||$825||$872|
|Average Sold as Percentage Of List Price:||107%||121%|
|Average DOM of Closed Sales||13||13|
|No. of Homes Pending Sale:||19||22|
|No. of New Listings:||6||6|
|Total # of Active Listings:||13||10|
|Average Price of Active Listings:||$1,748,688||$1,742,895|
|Average DOM of Active Listings:||13||12|
|Average $/Sq Foot (List)||$864||$809|
|Active-Pending Ratio:||0.68 : 1||0.45 : 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|
|171 Rogers Avenue||$1,637,500||$1,650,000||-$12,500 (-0.8%)||15|
|509 De Anza Avenue||$1,550,000||$1,449,000||+$101,000 (+7.0%)||13|
|152 Exeter Avenue||$1,515,000||$1,668,000||-$153,000 (-9.2%)||25|
|104 Brook Street||$1,450,000||$1,199,000||+$251,000 (+20.1%)||11|
|977 Alameda||$1,350,000||$1,148,000||+$202,000 (+17.6%)||9|
|496 Wellington Drive||$1,150,000||$998,000||+$152,000 (+15.2%)||6|
|57 Madera Avenue||$1,150,000||$1,199,000||-$49,000 (-4.1%)||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|
|2845 Brittan Avenue||14||$1,549,000|
|1348 Cedar Street||18||$849,000|
|1004 Walnut Street||8||$1,150,000|
|120 Wingate Avenue||56||$2,699,000|
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|
|6 El Sereno Drive||$2,150,000||4BR/3BA||2,467/10,640||John Shroyer, Today Sothebys|
|269 Kelton Avenue||$1,625,000||3BR/1.5BA||1,800/6,780||David Young, Coldwell Banker|
|1090 Drake Court||$1,599,000||3BR/2BA||2,100/11,000||Kathryn Bedbury, Coldwell Banker|
|438 Hillcrest Road||$1,595,000||3BR/2BA||1,773/5,500||Sue Walsh, Alain Pinel Realtors|
|1052 Sunset Drive||$1,395,000||3BR/1.5BA||1,360/12,500||Nino Perrone, RE/MAX|
|1277 Greenwood Avenue||$899,000||2BR/1BA||850/5,200||Liza Vernazza, Keller Williams|
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|
|633 Elm Street #310||$1,266,000||$988,000|| +$278,000 (+28.1%)
|728 Elm Street #303||$675,000||$625,000|| +$50,000 (+8.0%)
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.
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|
|6 Trillium Lane||$1,250,000||2BR/2.5BA||1,709||Liz Daschbach, Alain Pinel Realtors|
(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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