San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 9/12/2016. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 9/12/2016.

by Chuck Gillooley

As I predicted it would, the Fall real estate market in San Carlos shot out of the gates last week. Despite the shortened holiday week, there were 9 new single-family home listings to hit the market. And buyers were just as busy as the sellers as they snapped up eight homes off the market, with two of these homes actually being from the nine that listed during the week! Expect more of the same in the coming weeks — there are a number of “Coming Soon” signs scattered throughout the area, and property inspectors seem to be very busy again (a good indicator of upcoming listings.)

This increased rate of new listings is going to put serious downward pressure on those homes that have been sitting on the market for a few weeks. Buyers are keenly aware that new inventory is coming up, and they are willing to hold out to assess how the inventory change is going to affect the market. In other words, there is going to be increased pressure on the languishing listings to do something dramatically different to stand out in a market that is changing this quickly.

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 9/11/2016:

San Carlos SFR Data 9/11/16 Prior Week
Closed Sales for the Week: 3 6
Average Sold Price: $1,550,000 $1,785,547
Average $/Sq Foot (Sold) $849 $910
Average % List Price: 105% 96%
Average DOM of Closed Sales 23 30
Total # of Homes Pending Sale: 25 19
No. of New Listings: 9 4
Total # of Active Listings: 19 18
Average Price of Active Listings: $2,145,789 $1,981,222
Average DOM of Active Listings: 27 31
Average $/Sq Foot (List) $896 $865
Active-Pending Ratio: 0.76 : 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:

 

29 Hillcrest Road, San Carlos
29 Hillcrest 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)
29 Hillcrest Road $1,825,000 $1,825,000 $0 (0%) 0
1027 Riverton Drive $1,440,000 $1,199,000 +$241,000 (+20.1%) 14
153 Fairbanks Avenue $1,385,000 $1,448,000 -$63,000 (-4.4%) 56

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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
980 Alameda de las Pulgas 18 $2,298,000
865 Somerset Court 45 $1,799,000
151 Windsor Drive 9 $1,799,000
225 Alberta Avenue 9 $1,698,000
1733 Alameda de las Pulgas 18 $1,090,000
79 Wessex Way 18 $1,349,999
229 Park Avenue 1 $2,349,000
2640 Howard Avenue 4 $1,698,000

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New Single-Family Home Listings in San Carlos:

 

750 Crestview Drive, San Carlos
750 Crestview 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
750 Crestview Drive $4,500,000 5BR/3BA 5,000/53,566 Mary Yeargain, Alain Pinel Realtors
1732 Elizabeth Street $2,800,000 4BR/4BA 2,460/18,400 David Young, Coldwell Banker
229 Park Avenue $2,349,000 4BR/2.5BA 2,090/7,993 Alana Corso, Dwell Realtors
3198 La Mesa Drive $1,799,999 5BR/3.5BA 2,590/7,566 Christina Nguyen, Homesmart
2640 Howard Avenue $1,698,000 3BR/2BA 1,988/5,650 Kathleen Pasin, Sereno Group
806 Tamarack Avenue $1,698,000 3BR/3BA 2,080/19,354 Bob Bredel, Dwell Realtors
924 Elm Street $1,650,000 3BR/2BA 1,650/6,000 Ellen Vera, Intero
1837 Greenwood Avenue $1,198,000 3BR/1BA 1,350/5,800 Holly Noto, Coldwell Banker
208 Oakview Drive $1,099,000 3BR/2BA 1,400/5,502 David Young, Coldwell Banker

 

(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)
$– $– +$– (+–%)

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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
618 Walnut Street #402 97 $799,000
416 Portofino Drive #302 50 $919,999
222 Laurel Street #108 39 $530,000

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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
2 Honeysuckle Lane $1,498,000 3BR/2.5BA 2,260 Brian Ayer, Dreyfus Sothebys
307 Old County Road #4 $838,000 2BR/2BA 970 Mariana Pappalardo, Today Sothebys
3358 La Mesa Drive #3 $788,000 2BR/2BA 1,040 Brian Ayer, Dreyfus Sothebys

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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