The San Carlos Real Estate Week in Review: 4/10/2017.
April 10, 2017
Just a week after a significant surge of new listings stole the headlines in San Carlos, home buyers were back in force taking a significant chunk out of the temporarily increased inventory. Eight homes went into contract last week with only four new listings to replace them. The net effect is that inventory of single family homes in San Carlos once again has dropped back to single-digits, as it sits at nine.
This is encouraging news for home sellers that still plan to put their home on the market this spring. At this time last year, buyers took a step back and market consequently leveled off quite noticeably. But from a few reports that I heard about the homes that went into contract last week, there are still far more eager buyers than there are homes to fill the demand.
However, there is still a significant number of new listings that are still likely to hit the market between now and the end of May, so if you're still in the market to buy a home in San Carlos the coming weeks should present your best opportunity yet.
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 4/9/2017:
San Carlos SFR Data | 4/9/17 | Prior Week |
---|---|---|
Closed Sales for the Week: | 8 | 2 |
Average Sold Price: | $1,741,875 | $1,828,000 |
Average % of List Price: | 110% | 115% |
Average DOM of Closed Sales | 10 | 10 |
Average $/Sq Foot (Sold) | $906 | $1,066 |
No. of New Listings: | 4 | 8 |
Total # of Active Listings: | 9 | 13 |
Average Price of Active Listings: | $1,809,994 | $1,781,762 |
Average DOM of Active Listings: | 13 | 8 |
Average $/Sq Foot (List) | $921 | $926 |
Total # of Homes Pending Sale: | 22 | 21 |
Active-Pending Ratio: | 0.41 : 1 | 0.62 : 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 Devonshire Boulevard | $2,000,000 | $1,899,000 | +$101,000 (+5.3%) | 15 |
12 Camborne Avenue | $2,000,000 | $1,850,000 | +$150,000 (+8.1%) | 8 |
244 Highland Avenue | $1,900,000 | $1,770,000 | +$130,000 (+7.3%) | 4 |
154 Garnet Avenue | $1,975,000 | $1,955,000 | -$20,000 (-1.0%) | 13 |
2909 Franciscan Court | $1,840,000 | $1,788,000 | +$52,000 (+2.9%) | 12 |
113 Oakview Drive | $1,775,000 | $1,550,000 | +$225,000 (+14.5%) | 8 |
28 Fay Avenue | $1,305,000 | $1,099,000 | +$206,000 (+18.7%) | 10 |
982 Holly Street | $1,140,000 | $928,000 | +$212,000 (+22.8%) | 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 |
---|---|---|
1056 Riverton Drive | 9 | $1,298,000 |
104 Arundel Road | 10 | $1,498,000 |
2212 San Carlos Avenue | 10 | $1,198,000 |
1161 Woodland Avenue | 9 | $1,499,000 |
1136 Walnut Street | 14 | $1,528,000 |
2325 Brittan Avenue | 7 | $1,448,000 |
1090 Cedar Street | 13 | $1,449,950 |
410 Hill Way | 9 | $2,598,000 |
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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 |
---|---|---|---|---|
2417 Graceland Avenue | $1,549,000 | 3BR/2BA | 1,370/5160 | Deborah Cozzolino, Coldwell Banker |
808 Sunset Drive | $1,479,000 | 2BR/2.5BA | 1,981/7,900 | Liza Vernazza, Keller Williams |
1084 Hewitt Drive | $1,388,000 | 4BR/3BA | 2,100/8,400 | Sherry Cottonaro, Coldwell Banker |
1374 Chestnut Street | $1,228,000 | 2BR/1BA | 1,220/4,560 | Justine Ford & Associates |
(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) |
---|---|---|---|---|
12 Marigold Lane | $1,400,000 | $1,295,000 | +105,000 (+8.1%) |
5 |
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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 |
---|---|---|
3370 Brittan Avenue #17 | 7 | $749,000 |
633 Elm Street #109 | 10 | $975,000 |
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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 |
---|---|---|---|---|
7 Bellflower Lane | $1,399,000 | 3BR/2.5BA | 2,200 | Robert Hughes, Alain Pinel Realtors |
3324 Brittan Avenue #6 | $795,000 | 2BR/2BA | 1,040 | Tim Anderson, Alain Pinel Realtors |
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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