October 2015 is now in our rear view mirror, and November is upon us. We awaken today to much shorter days, and the first serious rainfall in the past 9 months. This is the time of year when not only the weather sees some serious changes, but so does the local real estate market.
The pace of new listings slowed to a trickle this past week, with only two homes testing the market. With four homes going into contract during the same period, that effectively dropped the inventory of homes for sale back to 11 total in all of San Carlos. The data below is interesting on these 11 homes: The average sales price is over $2M, and the corresponding DOM is now up to 28 days. Contrast that with the four homes that went into contract last week, which had an average list price of $1.34M and 21 days on the market.
If you can draw any conclusions from just one week’s data and a relatively small sample size, it’s this — it’s taking slightly longer in general for homes to sell in San Carlos, and there’s a noticeable push-back on the higher end of the market right now. More on that later this week.
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 11-1-2015:
|San Carlos Housing Data||11-1-15||Prior Week|
|Closed Sales for the Week:||7||4|
|Average Sold Price:||$1,472,173||$2,547,375|
|Average $/Sq Foot (Sold)||$812||$968|
|Average Sold as Percentage Of List Price:||104%||120%|
|Average DOM of Closed Sales||15||41|
|No. of Homes Pending Sale:||21||24|
|No. of New Listings:||2||4|
|Total # of Active Listings:||11||13|
|Average Price of Active Listings:||$2,147,616||$1,985,376|
|Average DOM of Active Listings:||28||24|
|Average $/Sq Foot (List)||$897||$876|
|Active-Pending Ratio:||0.52 : 1||0.54 : 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||DOM (days)|
|269 Kelton Avenue||$1,700,000||$1,625,000||+$75,000 (+4.6%)||12|
|1291 Crestview Drive||$1,648,000||$1,695,000||-$47,000 (-2.8%)||22|
|1211 Hull Drive||$1,647,000||$1,580,000||+$6,000 (+4.2%)||8|
|1505 Cedar Street||$1,575,000||$1,499,000||+$76,000 (+5.1%)||10|
|83 Bayport Court||$1,480,000||$1,299,000||+$181,000 (+13.9%)||11|
|20 Robin Way||$1,380,000||$1,295,000||+$85,000 (+6.6%)||13|
|1036 Springfield Drive||$875,000||$899,950||-$24,950 (-2.8%)||26|
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|
|1052 Sunset Drive||48||$1,295,000|
|167 Oakview Drive||14||$1,695,000|
|2672 San Carlos Avenue||16||$1,149,000|
|1437 Oakhurst Avenue||7||$1,225,000|
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|
|807 Tamarack Avenue||$1,798,888||3BR/2BA||1,604/7,052||Debbie Wong, Better Homes|
|2472 San Carlos Avenue||$1,379,000||3BR/2BA||1,640/9,600||Michelle Glaubert, 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 (days)
|7 Pyrola Lane||$1,189,000||$1,189,000|| $0 (0%)
|8 Pyxie Lane||$1,100,000||$1,088,000|| +$12,000 (+1.1%)
|3312 Brittan Avenue #4||$775,000||$698,000|| +$77,000 (+11.0%)
|3388 Brittan Avenue #6||$749,000||$749,000|| $0 (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.
|Address||DOM (days)||List Price|
|2987 Melendy Drive #4||11||$799,000|
|633 Elm Street #404||13||$899,000|
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|
|4 Iris Lane||$1,295,000||3BR/2.5BA||2,510||Lenore Wilkas, Coldwell Banker|
(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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