The San Carlos Real Estate Week in Review: 8/8/2016.
August 8, 2016
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.
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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) |
---|---|---|---|---|
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:
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.)
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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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You missed one. 1449 Howard Ave went into contract last week.
Correct – thank you for catching that.