What a difference a single week makes. At this very same time just last week we only had 13 single-family homes for sale in all of San Carlos. This week, we officially say goodbye to Summer and welcome Fall in with a relative avalanche of inventory. It has been many weeks since our inventory popped above the 20, so this is significant. It certainly gives home buyers some additional options to see, and a renewed hope that they will be able to actually secure a home with a tad less competition than what we saw in the Spring market.
It took a flurry of listing activity last week to get the inventory back up over 20. Nine homes debuted on the market over the past 7 days, making it a rather busy open house weekend for many buyers. But aside from the crazy summer heat, I’m sure buyers didn’t mind being busy — especially after so many weekends of slim pickings. And I believe this little rally has some legs, as there will be additional listings hitting the market over the next two weeks.
Although many buyers that are still active out there are probably weary after an entire year of battling to get their home, this next 45-60 day period will be rewarding for those that can remain on task.
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 9-20-2015:
|San Carlos Housing Data||9-20-15||Prior Week|
|Closed Sales for the Week:||3||7|
|Average Sold Price:||$3,226,667||$1,400,357|
|Average $/Sq Foot (Sold)||$727||$825|
|Average Sold as Percentage Of List Price:||107%||107%|
|Average DOM of Closed Sales||13||13|
|No. of Homes Pending Sale:||18||19|
|No. of New Listings:||9||6|
|Total # of Active Listings:||21||13|
|Average Price of Active Listings:||$1,634,226||$1,748,688|
|Average DOM of Active Listings:||13||13|
|Average $/Sq Foot (List)||$825||$864|
|Active-Pending Ratio:||1.2 : 1||0.68 : 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|
|168 Queens Court||$5,380,000||$4,980,000||+$400,000 (8.0%)||0|
|1322 Pebble Drive||$2,500,000||$2,198,000||+$302,000 (+13.7%)||4|
|204 Exeter Avenue||$1,800,000||$1,788,000||+$12,000 (+0.7%)||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. 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|
|1277 Greenwood Avenue||9||$899,000|
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|
|1211 Hull Drive||$1,580,000||4BR/2BA||2,495/5,800||Adam Levin, Marcus & Millichap|
|170 Hillcrest Road||$1,575,000||3BR/2BA||1,704/7,381||A. von der Groeben, Coldwell Banker|
|1505 Cedar Street||$1,499,000||3BR/2BA||1,720/4,640||Robert Applegate, Coldwell Banker|
|3404 Brittan Avenue||$1,499,950||4BR/2.5BA||2,060/7,800||Dave Blewett, Intero|
|1056 San Remo Way||$1,495,000||3BR/3BA||1,970/10,858||Nick Corcoleotes, Coldwell Banker|
|3451 La Mesa Drive||$1,488,841||3BR/2BA||1,940/10,500||Donna Marie Baldwin, Coldwell Banker|
|83 Bayport Court||$1,299,000||4BR/3BA||1,800/5,400||Franklin Lee, CIG Realty|
|1375 Chestnut Street||$1,199,000||3BR/1.5BA||1,300/4,040||Haifa and Ruba, Today Sothebys|
|2148 San Carlos Avenue||$849,000||2BR/1BA||1,020/5,000||Drew Doran, 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.)
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|
|15 Violet Lane||$1,420,000||$1,249,000|| +$171,000 (+13.7%)
|16 Buttercup Lane||$1,210,000||$1,195,000|| +$15,000 (+1.3%)
|661 Prospect Street||$975,000||$899,000|| +$76,000 (+8.5%)
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.
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|
|5 Lilly Lane||$1,295,000||3BR/2.5BA||2,031||Eddie Azzopardi, Realty World|
|7 Pyrola Lane||$1,189,000||2BR/2.5BA||1,793||Norine Higgins, Today Sothebys|
|438 Portofino Drive #106||$1,067,000||2BR/2BA||1,636||Cynthia Haines, Creekside Realty|
|3388 Brittan Avenue #6||$749,000||2BR/2BA||1,040||Sean Clar, RE/MAX|
|939 Laurel Street #215||$688,000||2BR/2BA||926||Val Vandervort, Keller Williams|
(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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