San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 10/24/2016. | The White Oaks Blog
San Carlos Real Estate October 24, 2016

The San Carlos Real Estate Week in Review: 10/24/2016.

by Chuck Gillooley

The San Carlos real estate market finished another robust week, with eight new listings hitting the market, and another seven going into contract.  The inventory of single-family homes for sale inched up slightly to 23, while there are only six townhouses or condominiums for sale in the entire city. It’s interesting to document the increase in the red ink that we’re seeing in the Sold section of this post for both single-family homes and for townhouses and condos. There has been a significant increase in the number of homes selling below the asking price, which is a trend that was simply unthinkable just 6 months ago. This does not imply that every home will be under severe price pressure — you’ll still see a few homes that will close in the coming weeks that will sport some jaw-dropping premiums — but it does highlight the fact that market pricing is starting to face some serious push-back from patient buyers, and the over-optimism of sellers and their agents is being met with equal voracity by buyers who are far less urgent than they have been in the past 5 years, which is the basis for an upcoming post on the site this week.

We are heading into the final week of October, and one of the last two weeks of extended daylight. It will be interesting to see what new listings will make it under the wire before we hit the depth of the Fall market.

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 10/23/2016:

San Carlos SFR Data 10/23/16 Prior Week
Closed Sales for the Week: 7 4
Average Sold Price: $1,727,286 $1,624,750
Average % List Price: 102% 105%
Average DOM of Closed Sales 28 8
Average $/Sq Foot (Sold) $920 $955
No. of New Listings: 8 8
Total # of Active Listings: 23 20
Average Price of Active Listings: $1,955,595 $2,042,542
Average DOM of Active Listings: 26 26
Average $/Sq Foot (List) $813 $822
Total # of Homes Pending Sale: 29 30
Active-Pending Ratio: 0.79 : 1 0.67 : 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

____________________________________________________________________

San Carlos Single-Family Residences Sold:

 

1732 Elizabeth Street, San Carlos
1732 Elizabeth Street, 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)
1732 Elizabeth Street $2,550,000 $2,595,000 -$45,000 (-1.7%) 15
806 Tamarack Avenue $1,828,000 $1,698,000 +$130,000 (+7.7%) 9
578 Cedar Street $1,803,000 $1,850,000 -$47,000 (-2.5%) 32
192 Dartmouth Avenue $1,675,000 $1,789,000 -$114,000 (-6.4%) 56
1345 Howard Avenue $1,600,000 $1,598,000 +$2,000 (+0.1%) 48
1837 Greenwood Avenue $1,510,000 $1,198,000 +$312,000 (+26.0%) 11
1436 Cordilleras Avenue $1,125,000 $1,249,500 -$124,500 (-10.0%) 22

____________________________________________________________________

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
118 Crestview Court 4 $2,295,000
113 Mirabel Place 56 $1,875,000
1661 Brittan Avenue 5 $998,000
696 Cordilleras Avenue 5 $2,050,000
1079 Hewitt Drive 12 $1,468,000
1914 Arroyo Avenue 12 $1,468,000
850 Buckland Avenue 34 $1,788,888

____________________________________________________________________

New Single-Family Home Listings in San Carlos:

 

477 Emerald Avenue, San Carlos
477 Emerald Avenue, 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
477 Emerald Avenue $2,398,000 4BR/3BA 2,560/5,262 Jenny Liske, Pacific Union
75 Hilltop Drive $1,978,000 4BR/3.5BA 2,545/5,500 Hiep Nguyen, Intero
353 Devonshire Boulevard $1,948,000 4BR/3.5BA 2,900/11,326 Bob Bredel, Dwell Realtors
830 Crestview Drive $1,998,000 4BR/2.5BA 3,505/13,416 John Shroyer, Today Sothebys
220 Club Drive $1,449,950 3BR/2BA 1,640/13,700 David Blewett, Intero
1983 Belle Avenue $1,259,000 2BR/1BA 1,380/5,001 Quetzal Grimm, Alain Pinel Realtors
1983 Brittan Avenue $1,050,000 2BR/1BA 1,010/4,400 Carrie Du Bois, Coldwell Banker
100 Palm Avenue $999,888 2BR/2BA 1,340/7,057 David Blewett, Intero

 

(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

____________________________________________________________________

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)
1625 San Carlos Avenue #B $1,220,000 $1,296,000 -$76,000 (-5.9%)
54
772 Walnut Street #6 $855,000 $824,950 +$30,050 (+3.6%)
9

_____________________________________________________________________

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
3383 Brittan Avenue #11 12 $800,000
3316 Brittan Avenue #18 14 $859,000

____________________________________________________________________

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
$–

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.

__________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...
Leave a comment