San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 9/5/2016. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 9/5/2016.

by Chuck Gillooley

Happy Labor Day, San Carlos! As vacationers enjoy the last 3-day weekend of the summer, home sellers are gearing up to get their homes on the market while weather is good and there’s still plenty of daylight. Labor Day historically marks the beginning of the Fall real estate market, even though the vast majority of kids are already back in school. If the tradition of past years holds true, there should be a significant bump in new listings all along the Peninsula over the next 14 days.  This will be a welcome relief for home buyers who are intent on finding a place before the holidays, but have yet to find anything that wows theme with the current inventory. For sellers whose homes have been on the market for awhile, this will not be good news. Just like we saw back in the March-April timeframe of 2016, a sudden uptick in inventory has an adverse effect on the desirability of the “fringe” homes — those that are challenged in the area of price, condition, and/or location. It should be a very interesting couple of weeks.

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 9/4/2016:

San Carlos SFR Data 9/4/16 Prior Week
Closed Sales for the Week: 6 6
Average Sold Price: $1,785,547 $1,600,167
Average $/Sq Foot (Sold) $910 $896
Average % List Price: 96% 107%
Average DOM of Closed Sales 30 25
Total # of Homes Pending Sale: 19 20
No. of New Listings: 4 3
Total # of Active Listings: 18 19
Average Price of Active Listings: $1,981,222 $1,836,471
Average DOM of Active Listings: 31 29
Average $/Sq Foot (List) $865 $873
Active-Pending Ratio: 0.9 : 1 0.9 : 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:

 

39 Oak Creek 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)
39 Oak Creek Lane $3,680,000 $3,680,000 $0 (0%) 2
1089 Lupin Way $1,690,000 $1,690,000 $0 (0%) 2
1973 Saint Francis Way $1,515,000 $1,698,000 -$183,000 (-10.8%) 40
1449 Howard Avenue $1,488,280 $1,449,000 +$39,280 (+2.7%) 8
1108 Royal Lane $1,390,000 $1,449,000 -$59,000 (-4.1%) 98
1223 Alameda de las Pulgas $950,000 $1,090,000 -$140,000 (-12.8%) 25

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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
1525 Greenwood Avenue 9 $1,150,000
1223 Alameda de las Pulgas 25 $989,000
1541 Hull Drive 11 $1,499,950
8 El Sereno Drive 13 $1,998,000
192 Dartmouth Avenue 56 $1,699,000

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New Single-Family Home Listings in San Carlos:

 

596 Club Drive, San Carlos
596 Club Drive, 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
596 Club Drive $3,400,000 3BR/3BA 2,810/21,401 Max Reinhardt, Berkshire Hathaway
151 Windsor Drive $1,799,000 4BR/2.5BA 2,950/5,358 Lauren Kraus, Coldwell Banker
225 Alberta Avenue $1,698,000 3BR/2BA 1,667/5,600 Jennifer Liske, Pacific Union
228 Windsor Drive $1,399,000 3BR/3BA 1,605/4,750 Carol and Nicole, Alain Pinel Realtors

 

(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)
10 Tuliip Lane $1,174,000 $1,159,000 +$15,000 (+1.3%)
47
757 Elm Street #107 $738,000 $799,000 -$61,000 (-7.6%)
28

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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
$–

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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
408 Portofino Drive #2 $865,000 2BR/1BA 1,570 Christina Ng, Alain Pinel Realtors

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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