Last week I posted some alarming statistics about the number of new listings that have hit the market so far in 2015, and how that number is over 21% below the same period last year – which was also a lean year for listings. When the market is starved like this, it results in mind-numbing numbers like you see below in the summary table: $1,089 per square foot, 121% of the asking price, and an average sales price of nearly $1.85M.
It also shows the whipsaw behavior of the Fall real estate market. Only one week prior, homes fetched only 7% over the asking price and $846 per square foot on average, and spent twice as long on the market. It should serve as good data for buyers that even though the market may have cooled a slight bit, there is still strong competition for what home buyers deem to be the “right” place.
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 10-11-2015:
|San Carlos Housing Data||10-11-15||Prior Week|
|Closed Sales for the Week:||6||6|
|Average Sold Price:||$1,847,833||$1,791,869|
|Average $/Sq Foot (Sold)||$1,089||$846|
|Average Sold as Percentage Of List Price:||121%||107%|
|Average DOM of Closed Sales||13||25|
|No. of Homes Pending Sale:||19||21|
|No. of New Listings:||5||7|
|Total # of Active Listings:||16||15|
|Average Price of Active Listings:||$1,870,417||$1,861,982|
|Average DOM of Active Listings:||16||14|
|Average $/Sq Foot (List)||$781||$834|
|Active-Pending Ratio:||0.84 : 1||0.71 : 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|
|6 El Sereno Drive||$2,600,000||$2,150,000||+$450,000 (+20.9%)||11|
|145 Lynton Avenue||$2,150,000||$1,788,000||+$362,000 (+20.2%)||10|
|2245 Saint Francis Way||$1,905,000||$1,695,000||+$210,000 (+21.3%)||27|
|438 Hillcrest Road||$1,725,000||$1,595,000||+$130,000 (+8.2%)||13|
|1004 Walnut Street||$1,457,000||$1,150,000||+$307,000 (+26.7%)||8|
|1277 Greenwood Avenue||$1,250,000||$899,000||+$351,000 (+39.0%)||9|
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|
|893 Bauer Drive||32||$1,699,000|
|959 Holly Street||6||$939,000|
|3142 La Mesa Drive||6||$2,189,000|
|920 Heather Drive||13||$2,249,000|
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 Pepper Lane||$2,950,000||5BR/4BA||3,113/8,300||Teri Shaugnessy, Dwell Realtors|
|20 Winding Way||$1,788,000||3BR/2.5BA||2,380/7,000||Patrick Johnson, Keller Williams|
|236 Oakview Drive||$1,648,000||4BR/2.5BA||2,365/7,500||Justine Ford|
|1523 Edmond Drive||$1,595,000||3BR/2.5BA||3,540/10,677||Liz Rhodes, Alain Pinel Realtors|
|3169 Brittan Avenue||$1,349,950||3BR/2BA||2,480/11,248||Dave Blewett, Intero|
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|
|3 Torino Lane||$1,150,000||$900,000|| +$250,000 (+27.8%)
|11 Pyxie Lane||$955,000||$989,000|| -$34,000 (-3.4%)
|3310 Brittan Avenue #17||$835,000||$749,000|| +$86,000 (+11.5%)
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.
|Address||DOM (days)||List Price|
|5 Lilly Lane||17||$1,295,000|
|307 Old County Road #4||16||$680,000|
|939 Laurel Street #207||41||$799,000|
|8 Pyxie Lane||16||$1,088,000|
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.)
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