San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 11-1-15. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 11-1-15.

by Chuck Gillooley

The Scoop.

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:

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 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 Open House List

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San Carlos Single-Family Homes Sold:

1291 Crestview Drive, San Carlos
1291 Crestview 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 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.

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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
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.)

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 (days)
7 Pyrola Lane $1,189,000 $1,189,000 $0 (0%)
27
8 Pyxie Lane $1,100,000 $1,088,000 +$12,000 (+1.1%)
16
3312 Brittan Avenue #4 $775,000 $698,000 +$77,000 (+11.0%)
12
3388 Brittan Avenue #6 $749,000 $749,000 $0 (0%)
14

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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
2987 Melendy Drive #4 11 $799,000
633 Elm Street #404 13 $899,000

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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
4 Iris Lane $1,295,000 3BR/2.5BA 2,510 Lenore Wilkas, Coldwell Banker

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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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