The San Carlos Real Estate Week in Review: 5/30/2016.

May 30, 2016

memorial-day

The Scoop.

Happy Memorial Day, San Carlos! We are nearing the end of what has been an extremely busy month for San Carlos residential real estate. Even this past week saw quite a bit of activity, despite the fact that we were heading into a long weekend and many people opt to get out of Dodge a little early.

There were nine new single family residence listings to hit the market last week in San Carlos, which is a strong number considering the pace of new listings that we have seen so far this year. But an equal number of homes also went into contract during the same time period, thus keeping our inventory at the roughly the same level as the prior week. But regardless of the activity, it's still a bit surprising to see the inventory sitting in the mid-high 2o range for as many weeks as it has. I will publishing some stats later this week that may give us a good idea why this is happening.

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 5/29/2016:

San Carlos Housing Data 5/29/16 Prior Week
Closed Sales for the Week: 6 4
Average Sold Price: $2,018,667 $2,088,750
Average $/Sq Foot (Sold) $907 $838
Average Sold as Percentage Of List Price: 102% 109%
Average DOM of Closed Sales 13 7
Total # of Homes Pending Sale: 36 32
No. of New Listings: 9 6
Total # of Active Listings: 24 25
Average Price of Active Listings: $1,858,447 $1,989,611
Average DOM of Active Listings: 21 21
Average $/Sq Foot (List) $849 $871
Active-Pending Ratio: 0.67 : 1 0.8 : 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:

2211 Howard Avenue, San Carlos

2211 Howard 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)
339 Cedar Street $2,610,000 $2,795,000 -$185,000 (-6.6%) 47
348 Oakview Drive $2,400,000 $2,388,000 +$12,000 (+0.5%) 12
304 De Anza Avenue $2,420,000 $2,400,000 +$20,000 (+0.8%) 2
2211 Howard Avenue $1,800,000 $1,548,000 +$252,000 (+16.3%) 8
1005 Buckland Avenue $1,542,000 $1,542,000 $0 (0%) 0
1975 Arroyo Avenue $1,340,000 $1,295,000 +$45,000 (+3.5%) 11

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
131 Coronado Avenue 27 $1,749,000
1567 Greenwood Avenue 19 $1,488,888
739 Dartmouth Avenue 12 $1,188,000
448 Emerald Avenue 13 $1,550,000
110 Edgehill Drive 24 $1,750,000
1601 Arroyo Avenue 10 $1,799,000
922 Cordilleras Avenue 9 $1,795,000
26 Cobblestone Lane 41 $2,495,000
113 Colton Avenue 9 $2,995,000

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:

1089 Lupin Way, San Carlos

1089 Lupin Way, 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
1089 Lupin Way $1,798,000 4BR/2.5BA 1,960/7,749 Lynn Carteris, Keller Williams
103 Club Drive $1,725,000 3BR/2.5BA 1,931/12,025 Trish Ward, Keller Williams
1335 Crestview Drive $1,698,000 5BR/3BA 2,720/7,601 Bob Bredel, Dwell Realtors
7 Bay View Drive $1,690,000 5BR/3BA 2,640/6,599 Jackie Schoelerman, Coldwell Banker
237 Oakview Drive $1,548,000 3BR/2BA 2,160/5,750 Loren Dakin, Alain Pinel Realtors
589 Emerald Avenue $1,449,950 3BR/1.5BA 1,580/5,502 Maxine Dumas, Dumas & Company
1362 Woodland Avenue $1,399,000 3BR/3BA 1,290/4,038 Dominic Nicoli, Intero
43 Pine Avenue $1,350,000 2BR/1.5BA 1,390/6,042 Debbie Wilhelm, Coldwell Banker
1015 Riverton Drive $1,149,000 3BR/2BA 1,685/5,001 Alex Lehr, Lehr Realty

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)
772 Walnut Street #3 $780,000 $688,000 +$92,000 (+13.4%)
9

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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
772 Walnut Street #5 5 $728,000
416 Portofino Drive #206 47 $799,000
731 Chestnut Street #104 16 $880,000

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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
2 Sorrel Lane $988,000 3BR/2.5BA 1,709 Eric Lin, RE/MAX
3314 Brittan Avenue #8 $785,000 2BR/2BA 1,040 Liza Vernazza, Keller Williams
222 Laurel Street #208 $499,000 1BR/1BA 702 Max Reinhardt, Keller Williams

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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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