We are heading into the last week of January, and the San Carlos real estate market is tracking pretty closely to where we were at this point last year. Last January there were 23 new single family listings to hit them market. So far in 2016, we’ve had 16 single-family homes make their debut with another full week left to go.
While that may sound like good news on the surface, that statistic is a bit of a double-edged sword. While we are essentially keeping pace with last year, it’s important to remember that 2015 produced the lowest number of listings in San Carlos in at least the last decade. This is a statistic that we will track frequently on the blog this year, as it’s a critical indicator on where our local real estate market is heading.
It’s also interesting to note that the average price for a single-family home that sold in San Carlos in January of 2015 was slightly over $1.3M. That figure has already topped just over $1.6M for the homes that have sold thus far this year, or a jump of 23%…
Whether that’s good news or bad news probably depends on if you’re a home buyer or a home seller.
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 1/24/2016:
|San Carlos Housing Data||1/24/16||Prior Week|
|Closed Sales for the Week:||1||7|
|Average Sold Price:||$1,595,000||$1,633,710|
|Average $/Sq Foot (Sold)||$1,029||$905|
|Average Sold as Percentage Of List Price:||114%||111%|
|Average DOM of Closed Sales||8||19|
|Total # of Homes Pending Sale:||11||9|
|No. of New Listings:||6||4|
|Total # of Active Listings:||12||9|
|Average Price of Active Listings:||$1,472,431||$1,434,648|
|Average DOM of Active Listings:||14||15|
|Average $/Sq Foot (List)||$856||$757|
|Active-Pending Ratio:||1.1 : 1||1 : 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)|
|880 Buckland Avenue||$1,595,000||$1,395,000||+$200,000 (+14.3%)||8|
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|
|1089 Hewitt Drive||15||$1,488,000|
|2015 Eaton Avenue||15||$1,728,000|
|238 Loma Road||8||$1,698,000|
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|
|112 Wildwood Avenue||$2,249,000||4BR/3.5BA||2,900/6,490||Joyce & Tatum, Dwell Realtors|
|620 Terrace Road||$1,899,950||4BR/3BA||2,360/24,520||Maxine and Michelle Dumas, Dumas & Company|
|21 Madera Avenue||$1,888,888||5BR/3.5BA||2,190/9,000||Jeannette Dane, Alain Pinel Realtors|
|1938 Eaton Avenue||$1,395,000||3BR/1BA||1,320/5,550||Tim Earley, Coldwell Banker|
|1450 Alameda||$1,189,500||3BR/2BA||1,240/6,961||Susan Berry, Today Sothebys|
|1647 Walnut Street||$1,049,000||2BR/1BA||1,160/4,400||Sternsmith Group, 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.)
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)
|3356 La Mesa Drive #9||$950,000||$849,950|| +$100,050 (+10.5%)
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|
|1456 San Carlos Avenue #304||8||$789,000|
|222 Laurel Street #100||9||$650,000|
|3382 Brittan Avenue #6||9||$949,950|
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|
(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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