The San Carlos Real Estate Week in Review: 2/13/2017.
February 13, 2017
There was a fair amount of inventory churn in the San Carlos real estate market last week, not only for single-family homes but also for townhouses and condos. There were six new single-family home listings to test the market last week, but with seven homes going into contract, the inventory actually netted one less than where it started. Open houses have been packed every weekend, and very well qualified buyers are out in droves, so it's not a surprise that inventory is getting consumed at the same rate that it's hitting the market.
The condo and townhouse market up on the hill was surprisingly busy, too. My listing at 2 Azalea Lane went into contract after a series of great open houses over Super Bowl weekend, and there were four new listings to follow right on our heels. So there's a lot of activity percolating in the market already this year.
Buyers really need to stay attentive to the San Carlos real estate market this time of year. Most listings are not making it to a second open house weekend (unless they are deliberately doing a second round.) Most sellers are finding that they have the interest level that they need after about 7 days on the market to wrap up the right buyer. So if you miss the first open house weekend, there may not be a second one.
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 2/12/2017:
San Carlos SFR Data | 2/12/17 | Prior Week |
---|---|---|
Closed Sales for the Week: | 4 | 0 |
Average Sold Price: | $2,240,500 | $0 |
Average % of List Price: | 101% | 0% |
Average DOM of Closed Sales | 18 | 0 |
Average $/Sq Foot (Sold) | $937 | $0 |
No. of New Listings: | 6 | 5 |
Total # of Active Listings: | 10 | 11 |
Average Price of Active Listings: | $1,631,295 | $1,868,177 |
Average DOM of Active Listings: | 10 | 11 |
Average $/Sq Foot (List) | $1,057 | $962 |
Total # of Homes Pending Sale: | 18 | 13 |
Active-Pending Ratio: | 0.56 : 1 | 0.85 : 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 Residences 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) |
---|---|---|---|---|
60 Dartmouth Avenue | $2,750,000 | $2,750,000 | $ (0%) | 0 |
17 Cranfield Avenue | $2,700,000 | $2,888,000 | -$188,000 (-6.5%) | 53 |
253 Highland Avenue | $1,801,000 | $1,674,500 | +$126,500 (+7.6%) | 11 |
602 De Anza Avenue | $1,711,000 | $1,648,000 | +$63,000 (+3.8%) | 7 |
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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 |
---|---|---|
2031 Birch Avenue | 3 | $2,198,000 |
70 Shelford Avenue | 24 | $1,699,000 |
445 Clifton Avenue | 13 | $1,688,000 |
2125 Saint Francis Way | 10 | $1,699,000 |
469 Wellington Drive | 8 | $1,499,000 |
353 Clifton Avenue | 7 | $2,895,000 |
353 Devonshire Boulevard | 15 | $1,899,000 |
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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 |
---|---|---|---|---|
1521 Cedar Street | $2,259,000 | 5BR/3.5BA | 2,550/4,640 | Joyce and Tatum, Dwell Realtors |
240 Bay View Drive | $1,625,000 | 3BR/2BA | 1,530/11,200 | David Young, Coldwell Banker |
105 Manor Drive | $1,498,000 | 3BR/2BA | 1,520/6,930 | Sternsmith Group, Alain Pinel Realtors |
1630 Hull Drive | $1,350,000 | 3BR/1.5BA | 1,590/7,320 | Alex Lehr, Lehr Realty |
1340 Hull Drive | $1,295,000 | 2BR/1BA | 1,170/6,050 | Leila Sisneros, Today Sothebys |
102 Palm Avenue | $1,249,000 | 3BR/2BA | 1,270/4,455 | Elaine White, 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) |
---|---|---|---|---|
3358 Brittan Avenue #11 | $802,000 | $769,000 | +$33,000 (4.3%) |
9 |
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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 |
---|---|---|
2 Azalea Lane | 10 | $1,180,000 |
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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 |
---|---|---|---|---|
10 Chicory Lane | $1,259,521 | 3BR/2.5BA | 2,031 | Donna Marie Baldwin, Coldwell Banker |
2 Meadowsweet Lane | $1,175,000 | 2BR/2.5BA | 1,793 | Eddie Azzopardi, Realty World |
3331 La Mesa Drive #2 | $749,000 | 2BR/2BA | 1,040 | Sean Clar, RE/MAX |
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 source1
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