The San Carlos Real Estate Week in Review: 3/13/2017.
March 13, 2017
If you're looking for an indicator of the strength of the San Carlos real estate market so far this year, just take a look at the sold numbers for this week. All six homes that closed escrow this week were put on the market after the beginning of the year, so they are true 2017 listings. The average “lift” over the asking price for these six homes was a very strong 12%, and the average sales price was just under $2,000,000 at an average of a whopping $941/square foot.
Those are some incredibly strong numbers for San Carlos, and they underscore the effect of having a tight housing supply in a market where there is an abundance of strong buyers. The rising stock market is essentially eclipsing any potential negative effects of the gradual increase of mortgage rates that we've seen so far this year, and that we expect will continue later in the year. It's as if this market just shrugs off any negative news that is thrown at it, and rockets further upward.
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 3/12/2017:
San Carlos SFR Data | 3/12/17 | Prior Week |
---|---|---|
Closed Sales for the Week: | 6 | 2 |
Average Sold Price: | $1,986,167 | $1,381,000 |
Average % of List Price: | 112% | 111% |
Average DOM of Closed Sales | 10 | 17 |
Average $/Sq Foot (Sold) | $941 | $1,125 |
No. of New Listings: | 7 | 5 |
Total # of Active Listings: | 11 | 10 |
Average Price of Active Listings: | $1,789,000 | $1,947,100 |
Average DOM of Active Listings: | 11 | 10 |
Average $/Sq Foot (List) | $901 | $816 |
Total # of Homes Pending Sale: | 19 | 19 |
Active-Pending Ratio: | 0.58 : 1 | 0.53 : 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) |
---|---|---|---|---|
353 Clifton Avenue | $2,950,000 | $2,895,000 | +$55,000 (+1.9%) | 7 |
2125 Saint Francis Way | $1,950,000 | $1,795,000 | +$155,000 (+8.6%) | 10 |
1832 Chestnut Street | $1,900,000 | $1,549,000 | +$351,000 (+22.7%) | 12 |
445 Clifton Avenue | $1,875,000 | $1,688,000 | +$187,000 (+11.1%) | 13 |
469 Wellington Drive | $1,712,000 | $1,499,000 | +$213,000 (+14.2%) | 8 |
1630 Hull Drive | $1,530,000 | $1,350,000 | +$180,000 (+13.3%) | 9 |
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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 |
---|---|---|
2711 San Miguel Way | 11 | $1,539,000 |
2909 Franciscan Court | 12 | $1,788,000 |
12 Camborne Avenue | 8 | $1,850,000 |
154 Garnet Avenue | 12 | $1,995,000 |
928 Holly Street | 7 | $928,000 |
244 Highland Avenue | 4 | $1,770,000 |
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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 |
---|---|---|---|---|
104 Dundee Lane | $2,398,000 | 4BR/3BA | 2,430/150,59 | Bob Bredel, Dwell Realtors |
244 Highland Avenue | $1,770,000 | 4BR/3BA | 1,826/6,600 | Carrie Du Bois, Coldwell Banker |
113 Oakview Drive | $1,550,000 | 3BR/2BA | 1,790/7,500 | John Shroyer, Today Sothebys |
1436 Cordilleras Avenue | $1,549,000 | 3BR/2BA | 1,370/4,400 | Christine Morgan, RE/MAX |
967 McCue Avenue | $1,199,000 | 4BR/2BA | 1,550/5,200 | John Sieling, Keller Williams |
1041 Cherry Street | $988,000 | 2BR/1BA | 1,000/5,000 | George Chopoff, RE/MAX |
1058 Montgomery Street | $849,000 | 2BR/1BA | 860/5,000 | Terri Thompson, 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) |
---|---|---|---|---|
2 Azalea Lane | $1,285,000 | $1,180,000 | +$105,000 (+8.9%) |
10 |
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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 |
---|---|---|
728 Elm Street #108 | 11 | $769,000 |
1001 Laurel Street #419 | 8 | $1,149,000 |
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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 |
---|---|---|---|---|
12 Marigold Lane | $1,295,000 | 2BR/2.5BA | 2,040 | Nancy Palmer, Alain Pinel Realtors |
16 Buttercup Lane | $1,148,888 | 2BR/2.5BA | 1,793 | Vicky Yu, Intero |
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 sourc
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