January 2016 is continuing at a very brisk pace in the San Carlos real estate market. It was very encouraging to see four more solid new listings to hit the market this past week, since the pace of new listings is normally a bit slower in early-mid January. The recent stock market volatility and the economic uncertainty certainly has some sellers thinking about selling sooner rather than later this year, as concerns about housing prices become more real.
That being said, the sale that closed this week at 2525 Nanette Drive ($601,000 above the asking price) demonstrates that there is still a strong appetite for homes with some sort of “X-Factor” — in the case of Nanette, it was the lot size and the bay views. But it will be interesting to see moving forward in this volatile market just how strong that appetite remains.
Here’s last week’s 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 1/18/2016:
|San Carlos Housing Data||1/18/16||Prior Week|
|Closed Sales for the Week:||7||1|
|Average Sold Price:||$1,633,710||$1,450,000|
|Average $/Sq Foot (Sold)||$905||$1,198|
|Average Sold as Percentage Of List Price:||111%||104%|
|Average DOM of Closed Sales||19||11|
|Total # of Homes Pending Sale:||9||15|
|No. of New Listings:||4||5|
|Total # of Active Listings:||9||7|
|Average Price of Active Listings:||$1,434,648||$1,430,128|
|Average DOM of Active Listings:||15||14|
|Average $/Sq Foot (List)||$757||$717|
|Active-Pending Ratio:||1 : 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)|
|2525 Nanette Drive||$2,200,000||$1,599,000||+$601,000 (+37.6%)||18|
|20 Winding Way||$1,870,000||$1,788,000||+$82,000 (+4.6%)||25|
|1230 Greenbrier Road||$1,700,000||$1,799,000||-$99,000 (-5.5%)||21|
|1917 Saint Francis Way||$1,650,000||$1,498,000||+$152,000 (+10.1%)||10|
|416 Hillcrest Road||$1,590,971||$1,599,000||-$8,029 (-0.5%)||21|
|106 Acacia Court||$1,250,000||$1,225,000||+$25,000 (+2.0%)||21|
|1361 Hull Drive||$1,175,000||$899,000||+$276,000 (+30.1%)||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.
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|
|27 Bayport Court||7||$1,300,000|
|10 Valley Road||0||$1,835,000|
|2079 Alma Street||7||$1,695,950|
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|
|251 Coronado Avenue||$1,849,888||3BR/2.5BA||1,940/9,535||Greg St. Clair, National Financial Investment|
|238 Loma Road||$1,698,000||4BR/2BA||2,010/8,873||Val Vandervort, Keller Williams|
|1925 Howard Avenue||$1,349,000||3BR/1.5BA||1,140/4,561||Alana Corso, Dwell Realtors|
|928 Holly Street||$999,999||2BR/2BA||1,520/5,900||Mita Kapadia, RE/MAX|
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)
|3352 La Mesa Drive #5||$770,000||$739,000|| +$31,000 (+4.2%)
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|
|28 Trillium Lane||8||$1,195,000|
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|
|1456 San Carlos Avenue #304||$789,000||BR/2BA||1,286||Cher Rowland, Today Sothebys|
|3382 Brittan Avenue #6||$949,950||3BR/2BA||1,239||Sean Clar, RE/MAX|
(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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