San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 8/8/2016. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 8/8/2016.

by Chuck Gillooley

Home buyers must have taken last week’s message to take a vacation literally, because the sales activity in San Carlos just about ground to a halt, at least from a numerical perspective. Only a single house was reported to have gone into contract in San Carlos, and the seven new listings did debut on the market pushed the inventory up to 25. Obviously, the numbers belie the activity level somewhat, as buyers are indeed out shopping for homes and attending open houses, but the days on the market tally for quite a few of these homes can’t hide the fact that buyers are simply getting more particular in their decisions.

Another statistic that stood out last week was the price performance of closed sales. Specifically, more homes closed below their original list price than above. That has been happening with more frequency lately, which also adds to the speculation that the market is pushing back somewhat.

It will be interesting to see who the market reacts as the month of August progresses, and the Fall market kicks into gear.

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 8/7/2016:

San Carlos SFR Data 8/7/16 Prior Week
Closed Sales for the Week: 7 7
Average Sold Price: $1,696,821 $2,199,542
Average $/Sq Foot (Sold) $852 $919
Average % List Price: 100% 100%
Average DOM of Closed Sales 29 29
Total # of Homes Pending Sale: 20 28
No. of New Listings: 7 4
Total # of Active Listings: 25 20
Average Price of Active Listings: $1,749,474 $1,862,940
Average DOM of Active Listings: 33 35
Average $/Sq Foot (List) $884 $886
Active-Pending Ratio: 1.3 : 1 0.77 : 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:

 

26 Cobblestone Lane, San Carlos
26 Cobblestone 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)
26 Cobblestone Lane $2,400,000 $2,588,000 -$188,000 (-7.3%) 49
3251 La Mesa Drive $2,130,000 $1,899,950 +$230,050 (+12.1%) 9
59 Bay View Drive $1,950,000 $1,898,000 +$52,000 (+2.7%) 5
820 Buckland Avenue $1,490,750 $1,448,000 +$42,750 (+3.0%) 10
1362 Woodland Avenue $1,320,000 $1,399,000 -$79,000 (-5.6%) 34
1341 Alameda de las Pulgas $1,300,000 $1,355,000 -$55,000 (-4.1%) 84
2763 San Carlos Avenue $1,287,000 $1,299,999 -$12,999 (-1.0%) 14

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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
1449 Howard Avenue 8 $1,449,000

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New Single-Family Home Listings in San Carlos:

 

71 Madera Avenue, San Carlos
71 Madera Avenue, 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
71 Madera Avenue $1,895,000 4BR/3.5BA 2,910/7,810 Craig Smith, Intero
1345 Howard Avenue $1,598,000 4BR/2BA 1,740/5,279 Lucy Goldenshteyn, Refin
101 Vine Street $1,598,000 3BR/2.5BA 1,673/5,985 Alexander Lehr, Lehr Realty
807 Cedar Street $1,475,000 3BR/2BA 1,453/5,175 Carrie Du Bois, Coldwell Banker
2428 San Carlos Avenue $1,288,000 3BR/2BA 1,480/8,002 Maureen McLean, Coldwell Banker
1223 Alameda de las Pulgas $1,090,000 2BR/1BA 890/6,500 Victor Gaona, Realty World
2148 Brittan Avenue $849,950 3BR/1BA 1,390/5,000 Dave Blewett, Intero

 

(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)
3343 Brittan Avenue #3 $759,000 $769,000 -$10,000 (-1.3%)
7

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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
757 Elm Street #107 28 $749,000
731 Chestnut Street #113 0 $800,000

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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
3366 Brittan Avenue #10 $789,000 2BR/2BA 1,040 Sean Clar, RE/MAX
3350 La Mesa Drive #10 $760,000 2BR/2BA 1,040 Kerry Cochrane, 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.

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