San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 2/15/2016. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 2/15/2016.

by Chuck Gillooley

The Scoop.

The market didn’t exactly charge out of the gate after Super Bowl Sunday as many hoped it would. In San Carlos, there were only 3 new listings to kick off the Spring real estate season. That puts our inventory at only 9 homes for sale as we start the shortened week.

For those who were hoping that the market might be starting to level off, the closed sales figures this week did little to justify that. Both 620 Terrace Road and 1089 Hewitt Drive fetched whopping premiums of 26% over their respective asking prices, so clearly buyers are still stepping up to the plate to go after the homes that they really want.

A few weeks ago we discussed the seller’s motivation behind the off-market sale. It’s interesting to note that we’re seeing quite a few more off-market sales so far in 2016 than we are normally accustomed to. From what I am seeing, buyers are definitely willing to pay a premium for purchasing a home off-market for the “privilege” of avoiding a potential bidding bloodbath if the house were were to go to on the market.

Here are last week’s numbers:

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 2/14/2016:

San Carlos Housing Data 2/14/16 Prior Week
Closed Sales for the Week: 3 2
Average Sold Price: $1,970,333 $1,797,500
Average $/Sq Foot (Sold) $917 $868
Average Sold as Percentage Of List Price: 119% 99%
Average DOM of Closed Sales 9 80
Total # of Homes Pending Sale: 15 17
No. of New Listings: 3 0
Total # of Active Listings: 9 7
Average Price of Active Listings: $1,623,643 $1,518,818
Average DOM of Active Listings: 28 34
Average $/Sq Foot (List) $733 $751
Active-Pending Ratio: 0.60 : 1 0.41 : 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:

620 Terrace Road, San Carlos
620 Terrace Road, 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)
620 Terrace Road $2,400,000 $1,899,950 +$500,050 (+26.3%) 5
1089 Hewitt Drive $1,876,000 $1,488,000 +$388,000 (+26.1%) 15
2202 Carmelita Drive $1,635,000 $1,568,000 +$67,000 (+4.3%) 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.

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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
147 Windsor Avenue 35 $899,950

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:

190 Dolton Avenue, San Carlos
190 Dolton 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
190 Dolton Avenue $2,475,000 5BR/3.5BA 3,710/12,911 Bryan Jacobs, RealSmart Properties
1316 Rosewood Avenue $1,288,000 2BR/2BA 1,230/4,918 Greg Celotti, Alain Pinel Realtors
15 Garden Lane $1,288,000 3BR/2.5BA 1,480/9,790 Tony Gabb, 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.)

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)
$– $– +$– (+–%)

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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
5 Honeysuckle Lane 5 $1,198,000

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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
3348 La Mesa Drive #13 $949,950 3BR/2BA 1,239 Sean Clar, RE/MAX
3347 Brittan Avenue #5 $858,000 3BR/2BA 1,239 Lisa Susnow, Keller Williams
3335 La Mesa Drive #3 $597,000 1BR/1BA 741 Anjali Jain, Alain Pinel Realtors

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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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