We are in the midst of the annual graduation/wedding/early-vacation lull that hits the San Carlos real estate market every year during the first two weeks of June. It’s just that time of year when there are a ton of activities that are crammed into the first two weeks of the month, and it tends to dilute the focus of home buyers, albeit temporarily. As the last of the schools get out for summer this week, and the UC system holding their graduations later in the week, its likely we will see another week of slower activity. Thankfully, things usually pick back up again over the last two weeks just before we get into the 4th of July weekend, as homeowners push to lock up a home before the slow summer months set in.
Even with the slower activity (only 4 new listings), the buyers managed to take 7 of the existing homes out of circulation, which dropped the inventory down to 22 homes for sale. Home prices remained relatively stable, with the closed sales fetching about 9% above the asking price on average.
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 6/5/2016:
|San Carlos Housing Data||6/5/16||Prior Week|
|Closed Sales for the Week:||4||6|
|Average Sold Price:||$1,646,250||$2,018,667|
|Average $/Sq Foot (Sold)||$952||$907|
|Average Sold as Percentage Of List Price:||109%||102%|
|Average DOM of Closed Sales||8||13|
|Total # of Homes Pending Sale:||37||36|
|No. of New Listings:||4||9|
|Total # of Active Listings:||22||24|
|Average Price of Active Listings:||$2,000,078||$1,858,447|
|Average DOM of Active Listings:||27||21|
|Average $/Sq Foot (List)||$870||$849|
|Active-Pending Ratio:||0.59 : 1||0.67 : 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)|
|1322 Crestview Drive||$2,100,000||$2,050,000||+$50,000 (+2.4%)||2|
|423 Emerald Avenue||$1,875,000||$1,749,000||+$126,000 (+7.2%)||12|
|973 Alameda de las Pulgas||$1,360,000||$1,149,000||+$211,000 (+18.4%)||8|
|532 Emerald Avenue||$1,250,000||$1,150,000||+$100,000 (+8.7%)||29|
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|
|1857 Elizabeth Street||8||$3,300,000|
|1335 Crestview Drive||5||$1,698,000|
|2092 Greenwood Avenue||11||$1,149,000|
|915 Hall Street||20||$898,000|
|1015 Riverton Drive||7||$1,195,000|
|237 Oakview Drive||8||$1,548,000|
|115 Los Vientos Way||27||$1,800,000|
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|
|21 Cranfield Avenue||$3,795,000||4BR/4.5BA||4,080/11,386||Joe Pollifrone, Sereno Group|
|1044 Hewitt Drive||$1,749,000||3BR/2.5BA||1,970/12,136||Sternsmith Group, Alain Pinel Realtors|
|2071 Belle Avenue||$1,498,000||3BR/2BA||1,300/5,550||Bob Bredel, Dwell Realtors|
|14 Garden Lane||$1,350,000||3BR/2BA||1,280/10,999||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)
|17 Tulip Lane||$1,605,000||$1,448,000|| +$157,000 (+10.8%)
|1 Elm Street #301||$895,000||$768,000|| +$127,000 (+16.5%)
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|
|618 Walnut Street #402||15||$988,000|
|775 Chestnut Street #11||13||$835,000|
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|
(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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