The listing machine was in high gear again last week in San Carlos, which should come as welcome relief to home buyers. Nine new listings debuted on the market, and with only five homes going into contract, the inventory of single family homes in San Carlos now stands at 29. This continues to be the highest sustainable inventory level that we have seen in several years, and along with the average of 20 days on the market for this inventory, it indicates that certain homes are simply not selling as fast as they were only a few months ago.
This does not mean that all homes are taking longer to sell. All five homes that went pending last week did so in about 2 weeks or less. So it’s clear that homes that are priced well and in good locations are still selling relatively quickly. The market is being extremely selective on those that are not.
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 5/15/2016:
|San Carlos Housing Data||5/15/16||Prior Week|
|Closed Sales for the Week:||4||5|
|Average Sold Price:||$2,030,000||$2,151,900|
|Average $/Sq Foot (Sold)||$1,072||$1,087|
|Average Sold as Percentage Of List Price:||114%||98%|
|Average DOM of Closed Sales||15||11|
|Total # of Homes Pending Sale:||25||24|
|No. of New Listings:||9||12|
|Total # of Active Listings:||29||26|
|Average Price of Active Listings:||$1,905,159||$1,850,139|
|Average DOM of Active Listings:||20||17|
|Average $/Sq Foot (List)||$875||$855|
|Active-Pending Ratio:||1.2 : 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)|
|1017 Walnut Street||$3,000,000||$2,498,000||+$502,000 (+20.1%)||12|
|1637 Cedar Street||$2,275,000||$1,995,000||+$280,000 (+14.0%)||12|
|570 Alameda de las Pulgas||$1,425,000||$1,198,000||+$227,000 (+18.9%)||10|
|2608 Thornhill Drive||$1,420,000||$1,395,000||+$25,000 (+1.8%)||24|
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|
|2691 San Carlos Avenue||11||$1,558,000|
|1021 Rosewood Avenue||15||$2,198,000|
|783 Crestview Drive||12||$1,988,000|
|1961 Brittan Avenue||7||$1,298,000|
|973 Alameda de las Pulgas||8||$1,149,000|
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|
|2 Sudan Lane||$2,795,000||4BR/3.5BA||4,400/1.3 acres||John Shroyer, Today Sothebys|
|109 Arundel Road||$2,595,000||4BR/3.5BA||2,603/5,600||Joe Bentley, Alain Pinel Realtors|
|142 Plymouth Avenue||$1,899,000||3BR/2.5BA||2,116/6,678||Jane Tomassian, Coldwell Banker|
|1601 Arroyo Avenue||$1,799,000||3BR/2BA||1,784/7,440||Lynn Rovai, Intero|
|448 Emerald Avenue||$1,625,000||3BR/2BA||1,350/5,500||David Young, Coldwell Banker|
|205 Club Drive||$1,498,000||3BR/3BA||2,029/9,374||Michael Chen, MC Investments|
|739 Dartmouth Avenue||$1,188,000||3BR/2BA||1,450/7,000||Marylene Notariani, Keller Williams|
|11 Willow Glen Way||$1,099,000||3BR/2BA||1,280/4,482||Naomi Gable, Alain Pinel Realtors|
|915 Hall Street||$898,000||2BR/1BA||950/5,001||John Shroyer, Today Sothebys|
Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent. This data is pulled from the Multiple listing service, and the author is in no way responsible for the accuracy of the data provided herein.
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.
|Address||Sold Price||Orig. List||Difference||DOM (days)
|—||$–||$–|| $– (+–%)
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|
|17 Iris Lane||11||$1,198,000|
|3354 Brittan Avenue #16||11||$849,000|
|3331 La Mesa Drive #6||8||$729,500|
|6 Pyrola Lane||13||$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|
|731 Chestnut Street #104||$880,000||2BR/2.5BA||1,085||Summer Brill, Dreyfus Sothebys|
(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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