San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 9-27-15. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 9-27-15.

by Chuck Gillooley

The Scoop.

For the second week in a row, the inventory of homes for sale in San Carlos stayed at a moderately higher level than what we’ve seen for most of 2015. We started last week with 21 homes for sale, and after a fairly active week of buying that saw seven of those homes go into contract, the inventory is still sitting at 16. What’s interesting to note with the current inventory list is the average days on the market (DOM). In market where we are accustomed to seeing homes being locked up in contract in less than two weeks, it’s a bit surprising to see the average DOM of the existing inventory at 19. That’s a number that we certainly didn’t see earlier this year.

There are more than a few homes that are sitting on the market, and it seems to be especially acute for the upper price range. Homes that are currently listed at $1.5M and above in San Carlos have been on the market for an average of 25 days. The homes that are listed below $1.5M are averaging 13 days on the market. Even the seven homes that were put into contract this week were out there for 12 days on average before they were scooped up. These are all slightly longer numbers than normal, and it’s something we’ll be keeping a close eye on as we say goodbye to September this week.

For the first time in countless months, we are also building a little bit of inventory for condo and townhouse buyers. As of this morning, there are 10 units for sale in the City. This may not sound like much, but for most of the year we’ve been averaging half to one-third of this amount for any given 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 9-27-2015:

San Carlos Housing Data 9-27-15 Prior Week
Closed Sales for the Week: 4 3
Average Sold Price: $1,742,000 $3,226,667
Average $/Sq Foot (Sold) $914 $727
Average Sold as Percentage Of List Price: 114% 107%
Average DOM of Closed Sales 10 13
No. of Homes Pending Sale: 20 18
No. of New Listings: 2 9
Total # of Active Listings: 16 21
Average Price of Active Listings: $1,720,859 $1,634,226
Average DOM of Active Listings: 19 13
Average $/Sq Foot (List) $827 $825
Active-Pending Ratio: 0.8 : 1 1.2 : 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:

2600 Howard Avenue, San Carlos
2600 Howard 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
2600 Howard Avenue $2,035,000 $1,898,000 +$137,000 (7.2%) 9
10 Winding Way $1,918,000 $1,650,000 +$268,000 (+16.2%) 9
517 Cedar Street $1,525,000 $1,199,000 +$326,000 (+27.2%) 8
2840 Brittan Avenue $1,490,000 $1,399,000 +$91,000 (+6.5%) 14

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
269 Kelton Avenue 12 $1,625,000
6 El Sereno Drive 11 $2,150,000
438 Hillcrest Road 13 $1,595,000
1211 Hull Drive 8 $1,580,000
1375 Chestnut Street 7 $1,119,000
1291 Crestview Drive 22 $1,119,000
2148 San Carlos Avenue 11 $849,000

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:

920 Heather Drive, San Carlos
920 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
920 Heather Drive $2,249,000 4BR/3BA 2,430/8,448 Barbara Mecham, Mecham Realty
1800 Howard Avenue $1,699,000 3BR/2BA 2,010/5,320 Edward Paulin, Alain Pinel Realtors

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
3341 Brittan Avenue #1 $825,000 $799,950 +$25,050 (+3.1%)
13

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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) List Price
6 Trillium Lane 13 $1,250,000

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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
656 Walnut Street #301 $1,149,000 3BR/2BA 1,628 Howard Clark, Dumas & Company
8 Pyxie Lane $1,088,000 2BR/2.5BA 1,793 Eddie Azzopardi, Realty World
11 Pyxie Lane $989,000 2BR/2.5BA 1,793 Liza Vernazza, Keller Williams

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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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