The San Carlos Real Estate Week in Review: 1-4-14.
January 6, 2014
Bring on 2014.
The first weekend of the New Year was relatively light, as may have been expected since we're just coming out of the New Year's holiday. Having New Year's Day on a Wednesday this year meant that many people took Thursday and Friday off to extend the holiday through the weekend, so that explains why traffic was light all week, and listings few.
This coming week marks the first full week of the new year, so expect to see the activity in the market ratchet up significantly in the coming days and weeks. Sellers who accelerate their home to the market in early January should be rewarded handsomely, since there are only 4 homes for sale in the entire city as of this morning. The city needs listings almost as badly as it needs rainfall!
Here are the details from last week…
By The Numbers.
Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 1-4-2014:
| San Carlos Housing Data | 1-4-14 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 3 | 4 |
| Average Sold Price | $1,575,333 | $1,579,375 |
| Average $/Sq Foot (Sold) | $809 | $715 |
| Sold Price vs Orig List (%) | 115% | 103% |
| Average DOM of Closed Sales | 7 | 42 |
| No. of Homes Pending Sale: | 14 | 16 |
| Inventory of Active Listings: | 5 | 3 |
| Average Price of Active Listings: | $1,264,568 | $1,514,650 |
| Average DOM of Active Listings: | 64 | 99 |
| Average $/Sq Foot (List) | $595 | $557 |
| Active-Pending Ratio: | 0.38 : 1 | 0.19 : 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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Single-Family Homes SOLD in San Carlos:
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 | Days on Market |
|---|---|---|---|---|
| 650 Wellington Drive | $2,270,000 | $1,999,000 | +$271,000 (+13.6%) | 6 |
| 2119 Greenwood Avenue | $1,381,000 | $1,150,000 | +$231,000 (+20.1%) | 3 |
| 2708 Eaton Avenue | $1,075,000 | $969,000 | +$106,000 (+10.9%) | 12 |
Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.
San Carlos Homes Pending Sale for the Week:
The following homes went into contract his week. Click on the address to see more details:
| Address | DOM (days) | List Price |
|---|---|---|
| 1333 Elm Street | 1 | $890,000 |
Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.
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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 get the complete details.
| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
|---|---|---|---|---|
| 21 Madera Avenue | $1,250,000 | 5BR/4BA | 2,190/9000 | Steve Goldstein, REO 1 |
| 135 Dale Avenue | $528,888 | 1BR/1BA | 720/5,830 | Rosa Holm, Today Sothebys |
Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.
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