The San Carlos Real Estate Week in Review: 11-8-15.

November 9, 2015

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The Scoop.

The rain seems to have returned to San Carlos (a very good thing), but that has not seemed to put a damper on the Fall real estate market. 5 new listings tested the market last week, obviously trying to get into contract before the Thanksgiving break in about 2.5 weeks. The 5 homes that went into contract kept the inventory at 11, which is exactly where we were at this time last week.

Pricing continues be strong in this market, even as we head into the end of the year.  Several of those 5 homes that went pending last week got prices significantly higher than their respective list prices, so while the market may have backed off a tad from the white-hot pace of the Spring, it's clear that it has not leveled off to the degree that we are seeing in some other communities. Buyers are definitely still paying significant premiums for the right homes.

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 11-8-2015:

San Carlos Housing Data 11-8-15 Prior Week
Closed Sales for the Week: 3 7
Average Sold Price: $1,444,333 $1,472,173
Average $/Sq Foot (Sold) $869 $812
Average Sold as Percentage Of List Price: 109% 104%
Average DOM of Closed Sales 13 15
No. of Homes Pending Sale: 23 21
No. of New Listings: 3 2
Total # of Active Listings: 11 11
Average Price of Active Listings: $1,910,616 $2,147,616
Average DOM of Active Listings: 28 28
Average $/Sq Foot (List) $897 $897
Active-Pending Ratio: 0.48 : 1 0.52 : 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:

3404 Brittan Avenue, San Carlos

3404 Brittan 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 DOM (days)
3404 Brittan Avenue $1,708,000 $1,499,950 +$208,050 (+13.9%) 10
1800 Howard Avenue $1,650,000 $1,699,000 -$49,000 (-2.9%) 17
2148 San Carlos Avenue $975,000 $849,000 +$126,000 (+14.8%) 11

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
333 Oakview Drive 21 $1,595,000
20 Winding Way 25 $1,788,000
62 Madera Avenue 11 $1,645,000
1880 Carmelita Drive 12 $2,945,000
807 Tamarack Avenue 9 $1,798,888

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:

3000 Brittan Avenue, San Carlos

3000 Brittan Avenue, 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
3000 Brittan Avenue $1,495,000 3BR/3BA 2,210/9,200 John Shroyer, Today Sothebys
2008 Howard Avenue $1,495,000 3BR/2BA 1,670/5,520 John Shroyer, Today Sothebys
1620 Howard Avenue $1,488,888 3BR/2BA 1,520/5,520 Daniel Ebrahemi, Intero
934 Tamarack Avenue $1,388,000 4BR/2BA 1,517/5,500 Susan Lewandowski, Sereno Group
1458 Oakhurst Avenue $1,298,000 3BR/1BA 1,320/4,400 Ryan Nunnally, 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 (days)
939 Laurel Street #207 $800,000 $799,000 +$1,000 (+0.13%)
41

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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
618 Walnut Street #304 22 $895,000

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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
5 Honeysuckle Lane $1,248,000 3BR/2.5BA 2,100 Eddie Azzopardi, Realty World
9 Chicory Lane $899,888 2BR/2BA 1,350 Amy Anderson, 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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