The San Carlos Real Estate Week in Review: 12-20-15.
December 21, 2015
The Scoop.
The activity in the local real estate market dropped noticeably as we head into the last two weeks of 2015. There were no new listings of any kind in San Carlos, and the inventory of single family homes has been depleted to a total of five — and that will drop to four very soon when 2525 Nanette Drive goes pending this week.
The big news last week was that the Federal Reserve decided to inch up interest rates for the first time in nearly a decade. They have also left the door open to future incremental increases in the base rate over the next several years. It remains to be seen what effect, if any, this policy change will have on the local real estate market. The real estate market in the bay area seems to work under a different set of rules, and often simply shrugs off policy changes such as this.
Enjoy your Christmas holiday! 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 12-20-2015:
| San Carlos Housing Data | 12-20-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 5 | 4 |
| Average Sold Price: | $1,790,000 | $1,795,000 |
| Average $/Sq Foot (Sold) | $864 | $944 |
| Average Sold as Percentage Of List Price: | 101% | 108% |
| Average DOM of Closed Sales | 24 | 15 |
| No. of Homes Pending Sale: | 17 | 19 |
| No. of New Listings: | 0 | 7 |
| Total # of Active Listings: | 5 | 9 |
| Average Price of Active Listings: | $1,477,000 | $1,503,222 |
| Average DOM of Active Listings: | 11 | 8 |
| Average $/Sq Foot (List) | $644 | $764 |
| Active-Pending Ratio: | 0.29 : 1 | 0.47 : 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.
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San Carlos Single-Family Homes Sold:
818 Knoll 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) |
|---|---|---|---|---|
| 818 Knoll Drive | $2,900,000 | $3,298,000 | -$398,000 (-12.1%) | 43 |
| 1281 Crestview Drive | $1,640,000 | $1,658,888 | -$18,888 (-1.1%) | 28 |
| 2008 Howard Avenue | $1,500,000 | $1,495,000 | +$5,000 (+0.3%) | 11 |
| 1458 Oakhurst Avenue | $1,460,000 | $1,298,000 | +$162,000 (+12.5%) | 6 |
| 3000 Brittan Avenue | $1,450,000 | $1,398,000 | +$52,000 (+3.7%) | 31 |
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 |
|---|---|---|
| 108 Ruby Avenue | 11 | $1,382,000 |
| 880 Buckland Avenue | 8 | $1,395,000 |
| 77 Madera Avenue | 17 | $1,799,000 |
| 2202 Carmelita Drive | 8 | $1,568,000 |
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.)
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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) |
|---|---|---|---|---|
| — | $– | $– | +$– (+–%) |
— |
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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 |
|---|---|---|
| — | — | $– |
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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 |
|---|---|---|---|---|
| 3356 La Mesa Drive #9 | $849,950 | 3BR/2BA | 1,239 | David Blewett, Intero |
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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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