The San Carlos Real Estate Week in Review: 6/5/2017.
June 5, 2017
Buyers picked up right where they left off before the Memorial Day weekend in San Carlos. During the shortened week, 5 homes went into contract and 6 new listings replaced them on the market. That notched the net inventory up to 15 homes for sale in the city. The prices for sold homes remained very strong, with the average $/sq foot remaining above $1,000 for the third consecutive week while selling at nearly 9% above the asking price.
Activity should remain brisk for the next few weeks as the spring market starts to wind down and we head into the historically slower days of summer. The 4th of July weekend traditionally marks the transition into the summer real estate market, when you should expect to see the pace of listings and sales drop off noticeably. Until then, home sellers who have yet to get their homes on the market should be working overtime to catch this window of opportunity
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 6/4/2017:
San Carlos SFR Data | 6/4/17 | Prior Week |
---|---|---|
Closed Sales for the Week: | 7 | 11 |
Average Sales Price: | $1,559,624 | $2,048,455 |
Median Sales Price: | $1,425,000 | $1,750,000 |
Average % Sold vs List Price: | 109% | 114% |
Average DOM of Closed Sales | 9 | 7 |
Average $/Sq Foot (Sold) | $1,070 | $1,092 |
No. of New Listings: | 6 | 6 |
Total # of Active Listings: | 15 | 14 |
Average Price of Active Listings: | $2,056,433 | $1,803,607 |
Average DOM of Active Listings: | 13 | 14 |
Average $/Sq Foot (List) | $984 | $923 |
Total # of Homes Pending Sale: | 27 | 27 |
Active-Pending Ratio: | 0.56 : 1 | 0.52 : |
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) |
---|---|---|---|---|
2415 Eaton Avenue | $2,257,000 | $1,850,000 | +$407,000 (+22.0%) | 7 |
224 Ruby Avenue | $2,036,000 | $1,998,000 | +$38,000 (+1.9%) | 7 |
120 Leslie Drive | $1,750,120 | $1,550,000 | +$200,120 (+12.9%) | 10 |
926 Laurel Street | $1,425,000 | $1,198,000 | +$227,000 (+18.9%) | 0 |
143 Beverly Drive | $1,266,250 | $1,300,000 | -$33,750 (-2.6%) | 0 |
222 Sycamore Street | $1,233,000 | $1,233,000 | $0 (0%) | 4 |
1058 Montgomery Street | $950,000 | $849,000 | +$101,000 (+11.9%) | 36 |
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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 |
---|---|---|
2164 Brittan Avenue | 39 | $1,349,000 |
928 Holly Street | 13 | $899,000 |
975 Springfield Drive | 6 | $949,000 |
33 Cedar Street | 7 | $1,299,000 |
2616 Graceland Avenue | 13 | $2,498,000 |
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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 |
---|---|---|---|---|
135 Lynton Avenue | $2,750,000 | 3BR/4BA | 2,664/28,314 | Julie Geyer, RE/MAX |
57 Hilltop Drive | $2,749,000 | 4BR/3BA | 2,806/6,163 | Peter Vece, Today Sothebys |
517 Cedar Street | $2,100,000 | 3BR/1BA | 1,290/5,500 | Bryce Cook, Dwell Realtors |
1800 Howard Avenue | $1,950,000 | 3BR/2BA | 2,010/5,320 | Sandra Yie, Alain Pinel Realtors |
1233 Greenbrier Road | $1,895,000 | 3BR/2BA | 2,010/9,144 | David Young, Coldwell Banker |
17 Belvedere Avenue | $1,495,000 | 3BR/2BA | 1,420/6,000 | Gordy Burton, 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) |
---|---|---|---|---|
434 Portofino Drive #304 | $1,290,000 | $1,128,000 | +$162,000 (+14.4%) | 6 |
3321 Brittan Avenue #11 | $880,000 | $795,000 | +$85,000 (+10.7%) | 10 |
3376 La Mesa Drive #5 | $853,000 | $785,000 | +$68,000 (+8.7%) | 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 |
---|---|---|
1456 San Carlos Avenue #202 | 11 | $829,000 |
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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 |
---|---|---|---|---|
645 Prospect Street #103 | $979,000 | 2BR/2BA | 1,567 | Barbara Mecham, Mecham Realty |
3334 Brittan Avenue #4 | $779,000 | 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 sourc
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