San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 1/30/2017. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 1/30/2017.

by Chuck Gillooley

If there’s a takeaway from the first month of 2017, it’s this:  List your home in January.  Seriously.  I have preached this advice many times on the blog before — listing your home in January is ideal because the buyers are ready to buy, and you essentially have no competition. This was evident with the turnout that we had for my listing at 1723 Alameda, which had 8 offers and sold in 6 days, and also at my listing on 1031 Vera Avenue in Redwood City (which has 24 disclosure packet requests in just two days). There seems to be a renewed sense of urgency with home buyers in 2017 that was missing for the entire second half of 2016. Maybe it’s the fact that interest rates are increasing, or that buyers are feeling more bullish about the economy. It certainly doesn’t hurt that the Dow Jones Industrial Average has crushed the 20,000 mark for the first time.

But whatever is the catalyst, there are a lot of very well qualified and active buyers in the market right now, and the few sellers who took the leap of faith to list their homes in January are reaping a significant windfall. It’s still not too late for sellers to benefit from this severe imbalance of buyers and available homes.  While the rate of new listings will start to climb steadily after Super Bowl Sunday, there will still be more buyers than there are available homes to buy for the next few months. We can get a home ready to sell in about a week, so if you’re still on the fence….let’s talk.

And if you’re thinking longer term to sell your home, January has proven time and time again to be a great month to sell.

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 1/29/2017:

San Carlos SFR Data 1/29/17 Prior Week
Closed Sales for the Week: 4 0
Average Sold Price: $1,730,750 $0
Average % of List Price: 97% 0%
Average DOM of Closed Sales 45 0
Average $/Sq Foot (Sold) $743 $0
No. of New Listings: 5 3
Total # of Active Listings: 8 7
Average Price of Active Listings: $1,944,000 $1,732,571
Average DOM of Active Listings: 10 12
Average $/Sq Foot (List) $1,007 $1,147
Total # of Homes Pending Sale: 11 11
Active-Pending Ratio: 0.7 : 1 0.6 : 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:

 

221 Coronado Avenue
221 Coronado 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)
221 Coronado Avenue $1,950,000 $2,000,000 -$50,000 (-2.5%) 66
10 Kirkwood Way $1,848,000 $1,948,950 -$100,950 (-5.2%) 67
25 Sunnydale Avenue $1,675,000 $1,799,000 -$124,000 (-5.2%) 37
21 Madera Avenue $1,450,000 $1,388,000 +$62,000 (+4.5%) 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
2266 Brittan Avenue 11 $1,388,000
1723 Alameda de las Pulgas 6 $1,098,000
734 Neal Avenue 6 $1,249,000
142  Avenue 11 $2,176,000

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New Single-Family Home Listings in San Carlos:

353 Devonshire Boulevard
353 Devonshire Boulevard

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
353 Devonshire Boulevard $1,899,000 4BR/3.5BA 3,007/11,326 Val Vandervort, Reside Network
1333 Cordilleras Avenue $1,828,000 4BR/3BA 2,120/5,200 Gregory Cohn, Capital Realty
2125 Saint Francis Way $1,725,000 5BR/3BA 2,440/6,050 Christopher Shaheen, Coldwell Banker
445 Clifton Avenue $1,688,000 4BR/2.5BA 2,130/5,800 Debbie Wilhelm, Coldwell Banker
602 De Anza Avenue $1,648,000 3BR/2BA 1,900/6,612 Teri Shaughnessy, Dwell Realtors

 

(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
1001 Laurel Street #101 60 $999,000
772 Walnut Street #10 30 $849,000

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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
416 Portofino Drive #201 $875,000 2BR/2.5BA 1,320 Rumana Jabeen, Keller Williams

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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