The San Carlos Real Estate Week in Review: 2-25-12.
February 26, 2012
San Carlos Real Estate Summary.
If you need any further proof that the demand is red-hot for homes in San Carlos, this past week should have resolved any doubt. The $2.8M home at 1955 Carmelita Drive sold in just 5 days, reportedly with multiple offers. And the first open house on Saturday for the beautiful craftsman at 1837 Howard Avenue was absolutely packed. Buyers are definitely out there in big numbers, and with 8 homes being snapped up this past week, it has been impossible to build up any significant inventory of homes. As of this post, there are still only 25 homes to choose from in the entire city.
Even the active/pending ratio — which normally sits at about 1.7-2.0 — hit a low of 0.6 this week. That's the lowest number that I can recall posting in the 4+ years of this blog's existence.
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 2-25-2012:
|San Carlos Housing Data||2-25-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot
|Sold Price vs Orig List (%)||97%||89%|
|Average DOM of Closed Sales||13||113|
|Inventory of Active Listings:
|Average Price of Active Listings:||$986,159||$977,222 (+0.9%)|
|Average DOM of Active Listings:||77||79|
|No. of Homes Pending Sale:||40||36|
||0.6 : 1||0.8 : 1|
The San Carlos Open House Page.
If you're looking at open houses this weekend in San Carlos here's the only link you'll need: The San Carlos Open House Page. With one click, 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.
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||DOM|
|109 Belvedere Avenue
|1944 Arroyo Avenue
|732 Cedar Street||$635,000||$690,000||-$55,000 (-8.0%)
|399 Winding Way
(Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos in the past 3 months.)
Single-Family Homes Pending Sale in San Carlos:
The following homes went “Pending Sale” this week. Click on the address of any of these homes for additional info:
|Address||DOM (days)||List Price|
|228 Park Avenue
|353 Clifton Avenue
|1955 Carmelita Drive
|1079 Sunset Drive||304||$999,950|
|958 Holly Street
|154 Fairbanks Avenue
|2825 Tramanto Drive
|2660 Eaton Avenue
(Click the “Homes Pending Sale” sign below to see ALL the homes that are Pending Sale in San Carlos.)
New Single-Family Home Listings in San Carlos:
Below are the new listings that hit the market this past week in San Carlos. Simply click on the address of each home to get the complete details.
|Address||List Price||BR/BA||Sq Ft (home/lot)||Listed By|
|1837 Howard Avenue||$1,500,000||4BR/3BA||2,680/5,985||Carrie DuBois, Coldwell Banker|
|325 Clifton Avenue||$1,488,841||4BR/3.5BA||3,660/unreported||Donna Marie Baldwin, Coldwell Banker|
|168 Madera Avenue||$1,199,000||4BR/3.5BA||2,060/6,534||Bob Bredel, Today Sothebys|
|664 Chestnut Street||$850,000||3BR/3BA||2,920/7,350||Maxine Dumas, Dumas & Company|
|1064 Lupin Way||$739,000||3BR/1BA||1,220/6,300||John Sieling, Today Sothebys|
|1052 Cherry Street||$565,000||2BR/1BA||970/5,000||Tony Gabb, RE/MAX Star Properties|
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
What's Open This Weekend?
Click the “Open House” sign below to see ALL of the homes and condos scheduled to be open this weekend in San Carlos.
Want Your Info Sooner?
(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)