Buyers seemed to take a breather this week, perhaps since it was a major holiday weekend or maybe because there were quite a few houses that went into contract last week. Whatever the reason was, the market is now slipping into “summer mode” which means that there will be fewer buyers looking for homes and possibly fewer homes to look at. For buyers that are sticking around for the month of July, this actually presents a great opportunity to pick up a house without having to battle a cadre of other offers. The best deals that I have ever struck for buyers have been in the month of July.
The numbers from last week remained largely unchanged. The inventory sits at 18 homes for sale, and there are still 34 homes pending sale. There were only two homes to go into contract, but not enough new listings hit the market to push the inventory back up over 20. For the time being, we are back into the mode of having relatively low inventory, but there are indications that there will be more listings to hit the market in the next two weeks. Time will tell.
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 7/10/2016:
|San Carlos Housing Data||7/10/16||Prior Week|
|Closed Sales for the Week:||4||6|
|Average Sold Price:||$1,725,000||$1,626,667|
|Average $/Sq Foot (Sold)||$916||$906|
|Average Sold as Percentage Of List Price:||108%||102%|
|Average DOM of Closed Sales||9||16|
|Total # of Homes Pending Sale:||34||34|
|No. of New Listings:||3||4|
|Total # of Active Listings:||18||18|
|Average Price of Active Listings:||$1,885,432||$1,985,599|
|Average DOM of Active Listings:||36||34|
|Average $/Sq Foot (List)||$849||$807|
|Active-Pending Ratio:||0.53 : 1||0.53 : 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)|
|922 Cordilleras Avenue||$2,100,000||$1,795,000||+$305,000 (+17.0%)||6|
|1335 Crestview Drive||$1,700,000||$1,698,000||+$2,000 (+0.1%)||5|
|110 Edgehill Drive||$1,700,000||$1,750,000||-$50,0000 (-2.9%)||24|
|136 Devonshire Boulevard||$1,400,000||$1,198,000||+$202,000 (+16.9%)||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.
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|
|2108 Eaton Avenue||11||$1,950,000|
|59 Bay View Drive||5||$1,898,000|
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|
|192 Dartmouth Avenue||$1,789,000||4BR/2.5BA||2,110/9,000||Joyce & Tatum, Dwell Realtors|
|276 Fir Street||$1,699,000||3BR/2BA||1,800/5,280||Cathy Jo Garcia, Signature Properties|
|125 Madera Avenue||$1,245,00||3BR/2BA||1,350/9,200||Janie Barman, Alain Pinel Realtors|
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)
|772 Walnut Street #5||$815,000||$728,000|| +$87,000 (+12.0%)
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
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|
|757 Elm Street #107||$799,000||2BR/1.5BA||1,000||Marc Romer, RE/MAX|
|3343 Brittan Avenue #3||$769,000||2BR/2BA||1,040||Sean Clar, RE/MAX|
(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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