The San Carlos Real Estate Week in Review: 8/14/2017.
August 14, 2017
Just when you think house prices are starting to level off just a bit in San Carlos, you have a week like we did last week. Two of the three homes that closed escrow last week fetched over $300,000 over their asking prices. And neither of these two homes were significantly under-priced to begin with. It just shows that there is still a very strong appetite for good homes in good locations in San Carlos. And although it's still a relatively small sample size, we are routinely seeing mid-sized homes (~2,000 square feet) fetching over $1,100/sq foot, which is simply amazing.
The inventory of homes for sale in San Carlos did not change from last week, since the number of new listings matched the number of homes that went into contract. As of this morning, we are still sitting on 11 homes for sale in the entire city. It appears that it will be a good fall market for home sellers, and a market that could remain very strong all the way to the end of the year if inventory continues to remain in check. The vacation season is starting to wrap itself up as many of the schools now start up again in late August, so expect to see the activity level start to pick up in the coming weeks.
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 8/13/2017:
San Carlos SFR Data | 8/13/17 | Prior Week |
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Closed Sales for the Week: | 3 | 3 |
Average Sales Price: | $1,884,333 | $1,779,333 |
Median Sales Price: | $1,920,000 | $1,810,000 |
Average % Sold vs List Price: | 112% | 108% |
Average DOM of Closed Sales | 16 | 7 |
Average $/Sq Foot (Sold) | $1,165 | $1,075 |
No. of New Listings: | 4 | 6 |
Total # of Active Listings: | 11 | 11 |
Average Price of Active Listings: | $1,707,909 | $2,046,909 |
Average DOM of Active Listings: | 16 | 21 |
Average $/Sq Foot (List) | $1,036 | $1,069 |
Total # of Homes Pending Sale: | 16 | 14 |
Active-Pending Ratio: | 0.69 : 1 | 0.79 : 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) |
---|---|---|---|---|
61 Devonshire Circle | $2,308,000 | $1,998,000 | +$310,000 (+15.5%) | 11 |
12 Wildwood Avenue | $1,920,000 | $1,599,000 | +$321,000 (+20.1%) | 12 |
208 Oakview Drive | $1,425,000 | $1,420,000 | +$5,000 (+0.3%) | 24 |
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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 |
---|---|---|
12 Chestnut Street | 25 | $1,950,000 |
1340 Orange Avenue | 6 | $2,980,000 |
135 Lynton Avenue | 70 | $2,650,000 |
2148 Brittan Avenue | 23 | 1,650,000 |
1523 Elm Street | 7 | $1,398,000 |
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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 |
---|---|---|---|---|
2611 San Carlos Avenue | $1,895,000 | 4BR/6BA | 3,370/7,150 | Celeste love Pagan, Hometown Realty |
40 Amber Court | $1,750,000 | 3BR/2BA | 1,660/6,400 | Valerie Soltau, Alain Pinel Realtors |
56 Chilton Avenue | $1,750,000 | 4BR/2BA | 2,060/8,800 | Philip Feinn, Perisson Real Estate |
345 Devonshire Boulevard | $999,000 | 2BR/1BA | 990/7,754 | Stanley Lo, Green 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) |
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1001 Laurel Street #220 | $1,001,000 | $988,000 | +$13,000 (+1.3%) | 10 |
1700 San Carlos Avenue #204 | $700,000 | $719,000 | -$19,000 (-2.6%) | 11 |
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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 |
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— | — | $– |
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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 |
---|---|---|---|---|
3 Mayflower Lane | $1,498,000 | 3BR/2.5BA | 2,260 | Greg Celotti, Alain Pinel Realtors |
633 Elm Street #202 | $729,000 | 1BR/1BA | 774 | Nancy Palmer, 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 no way responsible for the accuracy of the data from this source.
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