It’s obvious that the “Sell Your Home Now” memo got out to San Carlos home owners this past week. Between Monday and Friday of last week, 12 new listings flooded the market — most of them seemed to hit on Friday. That temporarily pushed the inventory up to 29 single-family homes for sale throughout the city. Both of those were high marks for San Carlos in 2016, by far.
Buyers were not idle last week either. Eight homes went into contract, with three of those eight being locked up in a week or less from the listing date. That settled the inventory down to 26 homes for sale at the time of this post.
Sold pricing faced some downward pressure, which is not something we’ve seen recently. The 5 homes that sold during the prior week only fetched an average of 98% of the asking price, and only one of the five actually fetched a sales price that was above the asking price. That is certainly more severe that what’s happening in the market right now, but you will certainly start to see more homes selling below their asking price than what we have grown accustomed to in this crazy uphill market.
Here is a look at 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 5/8/2016:
|San Carlos Housing Data||5/8/16||Prior Week|
|Closed Sales for the Week:||5||7|
|Average Sold Price:||$2,151,900||$1,818,875|
|Average $/Sq Foot (Sold)||$1,087||$924|
|Average Sold as Percentage Of List Price:||98%||105%|
|Average DOM of Closed Sales||11||14|
|Total # of Homes Pending Sale:||24||18|
|No. of New Listings:||12||7|
|Total # of Active Listings:||26||23|
|Average Price of Active Listings:||$1,850,139||$1,938,116|
|Average DOM of Active Listings:||17||21|
|Average $/Sq Foot (List)||$855||$797|
|Active-Pending Ratio:||1.1 : 1||1.3 : 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)|
|27 Cranfield Avenue||$3,200,000||$3,300,000||-$100,000 (-3.0%)||0|
|1257 Magnolia Avenue||$2,500,000||$2,500,000||$0 (0%)||0|
|500 Walnut Street||$2,000,000||$2,100,000||-$100,000 (-4.8%)||14|
|760 Tamarack Avenue||$1,720,000||$1,799,000||-$79,000 (-4.4%)||32|
|1272 Howard Avenue||$1,339,500||$1,295,000||+$44,500 (+3.4%)||2|
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|
|59 Bay View Drive||12||$1,998,000|
|117 Wilshire Court||11||$999,950|
|423 Emerald Avenue||12||$1,749,000|
|1942 Carmelita Drive||5||$2,800,000|
|293 Club Drive||49||$2,295,000|
|1341 Saint Francis Way||7||$1,625,000|
|204 Manor Drive||12||$1,149,950|
|1322 Crestview Drive||2||$2,050,00|
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|
|2209 Carmelita Drive||$2,795,000||4BR/3BA||2,554/4,649||John Shroyer, Today Sothebys|
|128 Hillcrest Road||$2,149,000||4BR/2.5BA||2,784/8,470||Daniel Joe, Terrace Associates|
|1322 Crestview Drive||$2,050,000||5BR/3BA||3,390/12,319||Bob Bredel, Dwell Realtors|
|1230 Highland Court||$1,799,950||4BR/2.5BA||1,820/15,600||Dave Blewett, Intero|
|110 Edgehill Drive||$1,750,000||3BR/2BA||1,680/8,189||Genella Williamson, Alain Pinel Realtors|
|43 Willow Glen Way||$1,525,000||3BR/2BA||1,900/10,899||Samuel Pilli, Engel & Voelkers|
|1567 Greenwood Avenue||$1,488,888||3BR/2BA||1,390/4,800||Steven Owens, Coldwell Banker|
|1108 Royal Lane||$1,449,000||2BR/2.5BA||2,720/2,256||Denette Bartoli, Terrace Realty|
|1961 Brittan Avenue||$1,298,000||3BR/2BA||1,470/4,400||Bob Bredel, Dwell Realtors|
|1975 Arroyo Avenue||$1,295,000||2BR/2BA||1,130/5,001||John Shroyer, Today Sothebys|
|1363 Chestnut Street||$1,195,000||2BR/1BA||1,000/4,040||Jan Jaramillo, Alain Pinel Realtors|
|973 Alameda de las Pulgas||$1,149,000||3BR/1.5BA||1,050/5,123||Erika Ameri, Alain Pinel Realtors|
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)
|4 Marigold Lane||$1,412,000||$1,295,000|| +$111,700 (+9.0%)
|408 Portofino Drive #4||$988,000||$988,000|| $0 (0%)
|775 Chestnut Street #17||$675,000||$614,000|| +$61,000 (+9.9%)
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|
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|
|3331 La Mesa Drive #6||$849,000||2BR/2BA||1,040||Sue Walsh, 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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