San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 5/9/2016. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 5/9/2016.

by Chuck Gillooley

The Scoop.

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:

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 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 Open House List

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San Carlos Single-Family Homes Sold:

27 Cranfield Avenue, San Carlos
27 Cranfield Avenue, 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)
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.

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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
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:

2209 Carmelita Drive, San Carlos
2209 Carmelita Drive, 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.)

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)
4 Marigold Lane $1,412,000 $1,295,000 +$111,700 (+9.0%)
8
408 Portofino Drive #4 $988,000 $988,000 $0 (0%)
32
775 Chestnut Street #17 $675,000 $614,000 +$61,000 (+9.9%)
13

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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
$–

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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
3331 La Mesa Drive #6 $849,000 2BR/2BA 1,040 Sue Walsh, 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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