San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 10-11-15. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 10-11-15.

by Chuck Gillooley

The Scoop.

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:

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 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 Open House List

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San Carlos Single-Family Homes Sold:

6 El Sereno Drive, San Carlos
6 El Sereno Drive, 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
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.

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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
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:

6 Pepper Lane, San Carlos
6 Pepper Lane, 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.)

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
3 Torino Lane $1,150,000 $900,000 +$250,000 (+27.8%)
11
11 Pyxie Lane $955,000 $989,000 -$34,000 (-3.4%)
8
3310 Brittan Avenue #17 $835,000 $749,000 +$86,000 (+11.5%)
10

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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
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

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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
$– –BR/–BA

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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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