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:
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 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)|
|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.
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:
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||$1,288,000||3BR/2.5BA||1,480/9,790||Tony Gabb, RE/MAX|
Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent. This data is pulled from the Multiple listing service, and the author is in no way responsible for the accuracy of the data provided herein.
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.
|Address||Sold Price||Orig. List||Difference||DOM (days)
|—||$–||$–|| +$– (+–%)
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|
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|
(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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