The San Carlos Real Estate Week in Review: 10/3/2016.

October 3, 2016

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As hard is it may be to believe, 2016 is now 3/4 of the way over and we are heading into the what is traditionally the slowest quarter of the year. While October will remain busy, you will see the level of activity drop significantly in November, and then even more in December. That's why it's critical if you plan to get your house sold before the end of the year, that you get it listed in the next two weeks. You simply don't want to tempt fate by listing your home when daylight hours are short, and the weather is speculative at best.

Stay tuned to the blog this week, as we will look at the statistics for the first three quarters of the San Carlos real estate market, and compare that to the same period over the past 5 years.  Are prices rising, or leveling off? What about inventory?  All of those questions will be addressed later this week.

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 10/2/2016:

San Carlos SFR Data 10/2/16 Prior Week
Closed Sales for the Week: 3 4
Average Sold Price: $1,797,650 $1,679,500
Average $/Sq Foot (Sold) $820 $987
Average % List Price: 103% 107%
Average DOM of Closed Sales 13 12
Total # of Homes Pending Sale: 31 28
No. of New Listings: 5 5
Total # of Active Listings: 20 21
Average Price of Active Listings: $1,866,520 $1,906,071
Average DOM of Active Listings: 17 24
Average $/Sq Foot (List) $822 $835
Active-Pending Ratio: 0.55 : 1 0.75 : 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:

 

980 Alameda de las Pulgas, San Carlos

980 Alameda de las Pulgas, 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)
980 Alameda de las Pulgas $2,200,000 $2,298,000 -$98,000 (-4.3%) 18
1066 Porto Marino Drive $1,810,000 $1,595,000 +$215,000 (+13.5%) 12
1541 Hull Drive $1,510,000 $1,499,950 +$10,050 (+0.7%) 10

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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
1358 Woodland Avenue 11 $1,189,000
706 Cedar Street 14 $2,080,000
1125 Dayton Avenue 14 $1,580,00
1920 Howard Avenue 11 $1,449,000
160 Winding Way 113 $1,850,000
276 Fir Street 78 $1,499,000

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New Single-Family Home Listings in San Carlos:

 

3218 La Mesa Drive, San Carlos

3218 La Mesa 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
3218 La Mesa Drive $1,999,950 4BR/2.5BA 2,720/10,128 David Blewett, Intero
3313 Melendy Drive $1,998,000 3BR/3.5BA 3,083/10,576 John Shroyer, Today Sothebys
10 Kirkwood Way $1,948,950 4BR/3.5BA 2,460/8,200 Kenny Do, Home Connections
274 Vine Street $1,449,000 3BR/2BA 1,840/5,001 Alex Lehr, Lehr Real Estate
2444 San Carlos Avenue $1,149,000 2BR/2BA 1,030/8,481 Melanie Smith, 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)
3350 La Mesa Drive #10 $760,000 $760,000 $0 (0%)
5

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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
307 Old County Road #4 19 $798,00
21 Calypso Lane 13 $1,198,000

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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 Buttercup Lane $1,189,000 2BR/2.5BA 1,793 Eddie Azzopardi, Realty World

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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