San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 7/25/2016. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 7/25/2016.

by Chuck Gillooley

The inventory of homes for sale in San Carlos remained essentially unchanged this week, during moderate activity that is typical of mid July. There were only 5 new listings to test the market, and an equal number of homes went into contract, thus finishing the week right where we started with 20 single-family homes for sale in the city.

Of the seven homes that closed escrow this week, only 4 were able to secure a premium over the asking price. This, combined with the average DOM of 20 days on the market, is consistent with the slight “leveling” of the market that we are seeing right now in San Carlos as we head into the last 1/3 of summer. Homes are not guaranteed to fetch double-digit premiums over the asking price nor sell in the first 7 days like they once were, so some level of patience and realism is definitely required for home sellers in this market.

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 (SFR) in San Carlos. This data is for the 7-day period ending Sunday 7/24/2016:

San Carlos SFR Data 7/24/16 Prior Week
Closed Sales for the Week: 7 9
Average Sold Price: $1,714,286 $1,985,000
Average $/Sq Foot (Sold) $919 $943
Average % List Price: 101% 106%
Average DOM of Closed Sales 20 9
Total # of Homes Pending Sale: 28 30
No. of New Listings: 5 6
Total # of Active Listings: 20 20
Average Price of Active Listings: $1,871,694 $1,917,644
Average DOM of Active Listings: 31 30
Average $/Sq Foot (List) $886 $850
Active-Pending Ratio: 0.71 : 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 Open House List

_______________________________________________________________________________

San Carlos Single-Family Homes Sold:

 

109 Arundel Road, San Carlos
109 Arundel Road, 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)
109 Arundel Road $2,425,000 $2,595,000 -$170,000 (-6.6%) 45
890 Crestview Drive $1,890,000 $1,798,000 +$92,000 (+5.1%) 5
1601 Arroyo Avenue $1,835,000 $1,799,000 +$36,000 (+2.0%) 10
1044 Hewitt Drive $1,750,000 $1,749,000 +$1,000 (+0.0%) 23
43 Willow Glen Way $1,448,000 $1,525,000 -$77,000 (-5.0%) 28
43 Pine Avenue $1,350,000 $1,350,000 $0 (0%) 16
2424 San Carlos Avenue $1,300,000 $1,149,950 +$150,050 (+13.0%) 14

_______________________________________________________________________________

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
293 Club Drive 95 $2,150,000
125 Madera Avenue 11 $1,245,000
39 Oak Creek Lane 7 $3,680,000
723 Orange Avenue 7 $1,49,000
2430 Eaton Avenue 8 $1,498,000

_______________________________________________________________________________

New Single-Family Home Listings in San Carlos:

 

86 Madrona Street, San Carlos
86 Madrona Street, 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
86 Madrona Street $3,950,000 5BR/4BA 3,750/19,915 Alexander Lehr, Lehr Realty
865 Somerset Court $1,799,000 3BR/2.5BA 2,380/31,328 Brian Musante, Alliance Bay
1424 Elm Street $1,600,000 3BR/2.5BA 1,800/5,828 Daniel Ebrahemi, Intero
1012 Sylvan Drive $750,000 2BR/1BA 820/5,001 Kelly Clarke, Coldwell Banker
84 Fay Avenue $1,195,000 3BR/1BA 1,030/5,589 Dan Lyons, Keller Williams

 

(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

_______________________________________________________________________________

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)
$– $– +$–

_______________________________________________________________________________

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
641 Cedar Street #303 29 $1,328,000

_______________________________________________________________________________

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
416 Portofino Drive #302 $949,999 2BR/2.5BA 1,320 David Thomas, CB
3327 La Mesa Drive #8 $829,000 2BR/2BA 1,040 Allen Jones, Intero

Disclaimer: The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week. The data provided in this report is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction unless explicitly stated otherwise. The source of this data is the Multiple Listing Service (MLS), so the author is in now way responsible for the accuracy of the data from this source.

__________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...
Leave a comment