San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 6/27/2016. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 6/27/2016.

by Chuck Gillooley

The Scoop.

The first half of 2016 will wrap up this week, and it has been another very interesting start to the real estate year.  But interesting is simply par for the course for the real estate market in San Carlos. While home prices have continued to push to all-time highs, there is clearly a sign that the market is starting to push back on what has seemed like unabated growth for the past 5 years. We will touch on many of these stats in the half-yearly wrap up later this week.

One of the statistics that we will look at is the number of price reductions that have occurred in the local market, which has increased significantly this year compared to 2015. Looking at this past week as an example, two homes had to take significant price reductions to sell, while three others were only able to fetch the asking price. That’s quite a bit different from the normal 7-10% lift over the asking price that we’ve grown accustomed to seeing. More to follow on these trends…

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 6/26/2016:

San Carlos Housing Data 6/26/16 Prior Week
Closed Sales for the Week: 9 7
Average Sold Price: $1,683,833 $1,949,286
Average $/Sq Foot (Sold) $841 $956
Average Sold as Percentage Of List Price: 99% 107%
Average DOM of Closed Sales 19 10
Total # of Homes Pending Sale: 32 33
No. of New Listings: 6 8
Total # of Active Listings: 23 24
Average Price of Active Listings: $1,993,249 $1,846,447
Average DOM of Active Listings: 30 30
Average $/Sq Foot (List) $883 $875
Active-Pending Ratio: 0.72 : 1 0.73 : 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:

2866 Roland Avenue, San Carlos
2866 Roland 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)
2866 Roland Avenue $2,300,000 $2,278,000 +$22,000 (+1.0%) 33
128 Hillcrest Road $2,149,000 $2,149,000 $0 (+0%) 14
417 Sycamore Street $1,900,000 $1,699,000 +$201,000 (+11.8%) 7
131 Coronado Avenue $1,749,000 $1,749,000 $0 (+0%) 27
115 Los Vientos Way $1,670,000 $2,199,000 -$529,000 (-24.1%) 27
1567 Greenwood Avenue $1,560,000 $1,488,888 +$71,112 (+4.8%) 19
1338 Woodland Avenue $1,491,500 $1,600,000 -$108,500 (-6.8%) 33
1363 Chestnut Street $1,235,000 $1,195,000 +$40,000 (+3.3%) 12
1028 Inverness Drive $1,100,000 $1,100,000 $0 (+0%) 0

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
163 Los Vientos Way 103 $3,300,000
1341 Alameda de las Pulgas 84 $1,355,000
2424 San Carlos Avenue 14 $1,149,950
3 Graceland Avenue 8 $1,598,000
1044 Hewitt Drive 23 $1,749,000
115 Northam Avenue 7 $1,595,000
1460 Cordilleras Avenue 36 $1,698,000
2230 Saint Francis Way 1 $1,299,000

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:

840 Bauer Court, San Carlos
840 Bauer Court, 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
840 Bauer Court $2,580,000 4BR/3.5BA 2,550/13,700 Teresa Lin, Coldwell Banker
833 Cordilleras Avenue $2,495,000 5BR/3.5BA 2,767/7,897 Joyce and Tatum, Dwell Realtors
2108 Eaton Avenue $1,950,000 4BR/3BA 2,690/6,151 Sam Kaykin, Today Sothebys
3251 La Mesa Drive $1,899,950 4BR/2BA 2,151/17,498 David Blewett, Intero
154 Garnet Avenue $1,850,000 4BR/2.5BA 2,250/5,290 Annette Smith, Dreyfus Sothebys
2230 Saint Francis Way $1,299,000 3BR/1BA 1,360/5,502 Tom Stone, Coldwell Banker

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)
2 Sorrel Lane $1,200,000 $1,128,000 +$72,000 (+6.4%)
13
731 Chestnut Street #104 $945,000 $880,000 +$65,000 (+7.4%)
16

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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
222 Laurel Street #106 9 $389,000

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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 Tulip Lane $1,398,000 2BR/2BA 1,990 Eddie Azzopardi, Realty World
641 Cedar Street #303 $1,328,000 3BR/2BA 1,988 Denise Villeneuve, Intero
3358 La Mesa Drive #11 $849,000 2BR/2BA 1,040 Sean Clar, RE/MAX

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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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