The San Carlos Real Estate Week in Review: 9/12/2016.
September 12, 2016
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.
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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) |
---|---|---|---|---|
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:
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.)
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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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