The San Carlos Real Estate Week in Review: 6/20/2016.

June 20, 2016

Calendar dates from monday to sunday

The Scoop.

The inventory of single-family homes in San Carlos continued to hold in the mid-20's again this past week. There are still quite a few sellers that are looking to get their homes sold before we hit the 4th of July weekend, so I expect that new listing will continue to be brisk this week. Since only 3 homes went into contract last week, it's conceivable that we could hit 30 homes for sale in San Carlos by the time this weekend rolls around. That will certainly play in the favor of home buyers, who will now have more homes to choose from.

Traditionally, July is one of the slower months in local residential real estate. Many buyers and sellers are on vacation, and sellers who are not in a rush to sell will opt to wait until the Fall when the buyers are back. But we are in a transitional market right now, and some sellers may choose forgo conventional wisdom and list their homes in July or August, since the forecast for the fall market is somewhat uncertain. Buyers who stick around this summer may indeed find the home that has eluded them so far this year.

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 6/19/2016:

San Carlos Housing Data 6/19/16 Prior Week
Closed Sales for the Week: 7 9
Average Sold Price: $1,949,286 $1,914,000
Average $/Sq Foot (Sold) $956 $989
Average Sold as Percentage Of List Price: 107% 114%
Average DOM of Closed Sales 10 9
Total # of Homes Pending Sale: 33 34
No. of New Listings: 8 6
Total # of Active Listings: 24 22
Average Price of Active Listings: $1,846,447 $2,020,529
Average DOM of Active Listings: 30 27
Average $/Sq Foot (List) $875 $860
Active-Pending Ratio: 0.73 : 1 0.65 : 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:

2 Sudan Lane, San Carlos

2 Sudan Lane, 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)
2 Sudan Lane $3,160,000 $3,150,000 +$10,000 (+0.3%) 7
1021 Rosewood Avenue $2,295,000 $2,198,000 +$97,000 (+4.4%) 15
142 Plymouth Avenue $2,060,000 $1,899,000 +$161,000 (+8.5%) 6
1230 Highland Court $1,920,000 $1,799,950 +$120,050 (+6.7%) 10
448 Emerald Avenue $1,590,000 $1,625,000 -$35,000 (-2.2%) 13
1961 Brittan Avenue $1,410,000 $1,298,000 +$112,000 (+8.6%) 7
117 Wilshire Court $1,210,000 $999,950 +$210,050 (+21.0%) 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
2071 Belle Avenue 11 $1,498,000
115 Chesham Avenue 11 $1,248,000
3398 Melendy Drive 7 $1,395,000

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:

890 Crestview Drive, San Carlos

890 Crestview 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
890 Crestview Drive $1,798,000 4BR/3BA 2,565/8,525 Justine Ford
3 Graceland Lane $1,598,000 3BR/2BA 2,070/9,871 Janet Davis, Hometown Realty
115 Northam Avenue $1,595,000 3BR/2BA 2,040/7,653 Bob Bredel, Dwell Realtors
382 Beverly Drive $1,540,000 3BR/2BA 1,450/10,258 Donna Colangelo
153 Fairbanks Avenue $1,448,000 3BR/2BA 1,500/4,395 Joyce & Tatum, Dwell Realtors
820 Buckland Avenue $1,448,000 3BR/2BA 1,550/7,200 Julie Vejmola, Coldwell Banker
1341 Alameda $1,355,000 4BR/2BA 1,680/6,164 Marla Perego, Coldwell Banker
2763 San Carlos Avenue $1,299,999 3BR/2BA 1,240/7,000 Andrew Sturtevant, Intelligent Buyer

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)
6 Pyrola Lane $1,325,000 $1,198,000 +$127,000 (+10.6%)
13
3331 La Mesa Drive #6 $780,000 $729,500 +$50,500 (+6.9%)
8

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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
10 Tulip Lane $1,195,000 2BR/2BA 1,990 Pete Vece, Today Sothebys
222 Laurel Street #106 $389,000 1BR/1BA 468 Irena Sikela, Advanced RE

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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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