San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 11/28/2016. | The White Oaks Blog
San Carlos Real Estate November 28, 2016

The San Carlos Real Estate Week in Review: 11/28/2016.

by Chuck Gillooley

The inventory of single-family homes for sale in San Carlos has really been cleaned out over the past two weeks. We close out November this week and start the first week of December with only 10 single-family homes for sale in the entire city, which doesn’t leave much for buyers to choose from. Even worse is that seven of those ten listings have been on the market for 3 weeks or longer, so there’s very little “fresh” inventory to get buyers excited about.

I’m normally not bullish on listing a home during the month of December, but when inventory drops this low it really doesn’t matter what time of year it is. It’s a huge advantage for sellers to have such limited competition (which is why I am indeed bullish on listing a home in January). This coming week should tell whether others share the same opinion.

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 11/27/2016:

San Carlos SFR Data 11/28/16 Prior Week
Closed Sales for the Week: 4 8
Average Sold Price: $1,883,884 $1,828,500
Average % List Price: 114% 108%
Average DOM of Closed Sales 18 16
Average $/Sq Foot (Sold) $929 $864
No. of New Listings: 2 2
Total # of Active Listings: 10 12
Average Price of Active Listings: $2,364,200 $2,156,579
Average DOM of Active Listings: 32 29
Average $/Sq Foot (List) $882 $933
Total # of Homes Pending Sale: 27 27
Active-Pending Ratio: 0.37 : 1 0.44 : 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 Residences Sold:

 

696 Cordilleras Avenue
696 Cordilleras Avenue

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)
696 Cordilleras Avenue $2,637,375 $2,050,000 +$587,375 (+28.7%) 5
3198 La Mesa Drive $1,700,000 $1,799,999 -$99,999 (-5.6%) 47
16 Miramonte Court $1,608,000 $1,498,000 +$110,000 (+7.3%) 14

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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
819 Sunset Drive 4 $2,898,000
1061 Porto Marino Drive 12 $1,649,950
1345 Geneva Avenue 16 $1,075,000

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New Single-Family Home Listings in San Carlos:

 

17 Cranfield Avenue
17 Cranfield Avenue

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
17 Cranfield Avenue $2,888,000 4BR/4BA 3,490/10,100 Debbie Wong, Better Homes
46 Roslyn Avenue $2,498,000 4BR/3BA 2,512/5,633 Debbie Sharp, Keller Williams

 

(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)
641 Cedar Street #105 $967,000 $915,000 +$52,000 (+5.7%)
16
3318 Brittan Avenue #18 $859,000 $879,000 -$20,000 (-2.3%)
14
3378 Brittan Avenue #16 $810,000 $829,000 -$19,000 (-2.3%)
12

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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
26 Buttercup Lane 68 $1,098,000

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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
1001 Laurel Street #101 $999,000 2BR/2BA 1,138 Tony Tseng, Coldwell Banker

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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