San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 11-29-15. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 11-29-15.

by Chuck Gillooley

The Scoop.

Thanksgiving week is now over, and we are heading into the final month of 2015. It was predictably slow last week due to the holiday, and the numbers reflect that below. For the second straight week there were no new listings to hit the market in San Carlos, so the inventory of single-family homes for sale has now dropped to six, easily one of the lowest levels of the year for either. And with an average DOM of 54 days, these homes aren’t exactly fresh on the market, either. The townhouse and condo market isn’t faring much better, a there’s only a single unit on the market in the entire city.

Inventory levels should stay fairly low for the duration of 2015. Traditionally, most home sellers will not opt to test the market in December unless they absolutely need to sell. They will wait to list until early January after the completion of the holidays when home buyers are fully focused again on finding a home. We’ll know for certain very soon whether that trend will hold true for this year too, but I don’t expect a huge deviation from what you see right now.

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 11-29-2015:

San Carlos Housing Data 11-29-15 Prior Week
Closed Sales for the Week: 2 5
Average Sold Price: $1,455,000 $1,654,600
Average $/Sq Foot (Sold) $1,124 $736
Average Sold as Percentage Of List Price: 120% 116%
Average DOM of Closed Sales 7 12
No. of Homes Pending Sale: 21 20
No. of New Listings: 0 0
Total # of Active Listings: 6 9
Average Price of Active Listings: $1,730,667 $1,540,333
Average DOM of Active Listings: 54 36
Average $/Sq Foot (List) $853 $909
Active-Pending Ratio: 0.29 : 1 0.45 : 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:

1437 Oakhurst Avenue, San Carlos
1437 Oakhurst 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)
1437 Oakhurst Avenue $1,510,000 $1,225,000 +$285,000 (+23.3%) 7
1375 Chestnut Street $1,400,000 $1,199,000 +$201,000 (+16.8%) 7

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
160 Plymouth Avenue 14 $1,575,000
1007 Northwood Drive 12 $925,000
1361 Hull Drive 11 $899,000

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
$ –BR/–BA –/–

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)
2987 Melendy Drive #4 $952,000 $799,000 +$153,000 (+19.1%)
11

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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
728 Elm Street #306 14 $648,000
4 Iris Lane 29 $1,295,000

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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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