The San Carlos Real Estate Week in Review: 3-17-12.
March 18, 2012
San Carlos Real Estate Summary.
Buyers were the story this week in San Carlos. 14 homes went into contract in what was arguably the busiest week so far this year. This overshadowed the fact that 9 new listings made their debut during the week — normally a very respectable number, and it follows on the heels of the 12 homes that listed the prior week. But this flurry of buying activity served to push the inventory of single family homes in San Carlos back down to 30 again.
By popular request, the condo stats are back this week and will become part of the Week in Review again going forward.
Here are the numbers for this past 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 3-17-2012:
| San Carlos Housing Data | 3-17-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
6 | 7 |
| Average Sold Price |
$1,384,167 | $851,286 (+63%) |
| Average $/Sq Foot |
$588 | $518 |
| Sold Price vs Orig List (%) | 101% | 97% |
| Average DOM of Closed Sales | 55 | 66 |
| Inventory of Active Listings: |
30 | 36 (-17%) |
| Average Price of Active Listings: | $1,317,379 | $1,268,656 (+3.8%) |
| Average DOM of Active Listings: | 37 | 49 |
| No. of Homes Pending Sale: | 43 | 34 |
| Active-Pending Ratio: |
0.7 : 1 | 1.1 : 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 |
|---|---|---|---|---|
| 1955 Carmelita Drive | $2,680,000 | $2,800,000 | -$120,000 (-4.3%) |
5 |
| 168 Mesa Verde Way |
$1,650,000 | $1,598,000 | +$52,000 (+3.3%) |
7 |
| 1322 White Oak Way |
$1,435,000 | $1,549,000 | -$114,000 (-7.4%) |
192 |
| 9 Robin Way | $877,000 | $797,000 | +$80,000 (+10.0) |
12 |
| 919 Woodland Avenue | $841,000 | $699,000 | +$142,000 (+20.3%) |
7 |
| 18 Maple Way |
$822,000 | $789,000 | +$33,000 (+4.2%) |
107 |
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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 |
|---|---|---|
| 339 Chesham Avenue | 23 | $949,000 |
| 850 Orange Avenue | 12 | $629,000 |
| 1449 Howard Avenue | 231 | $775,000 |
| 162 Ruby Avenue | 8 | $699,000 |
| 505 Dartmouth Avenue | 8 | $1,049,000 |
| 244 Exeter Avenue | 9 | $1,539,950 |
| 116 Club Drive | 319 | $836,000 |
| 128 Beverly Drive | 6 | $849,000 |
| 238 Crestview Drive | 7 | $1,098,000 |
| 1357 Woodland Avenue |
10 | $968,000 |
| 24 Winding Way |
13 | $625,000 |
| 168 Madera Avenue |
23 | $1,199,000 |
| 2058 Carmelita Drive |
44 | $1,895,000 |
| 2713 Clifford Avenue |
8 | $1,089,000 |
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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. Simply click on the address of each home to get the complete details.
| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
|---|---|---|---|---|
| 1338 Pebble Drive | $1,669,000 | 4BR/5BA | 3,630/20,000 | Robert Applegate, Coldwell Banker |
| 3150 Melendy Drive | $1,267,000 | 4BR/2.5BA | 2,770/9,758 | Carrie Du Bois, Coldwell Banker |
| 917 Bauer Drive | $995,500 | 4BR/3BA | 2,550/7,560 | Linda Buckhout, Bertao Real Estate |
| 145 Madera Avenue | $993,888 | 4BR/3.5BA | 2,230/12,075 | Nancy Wierenga, Coldwell Banker |
| 441 Emerald Avenue | $969,000 | 3BR/2BA | 1,770/5,500 | Elaine White, Coldwell Banker |
| 37 Chilton Avenue | $949,000 | 3BR/2BA | 2,010/6,240 | Justine Ford, Today Sothebys |
| 628 Alameda | $849,000 | 3BR/2BA | 1,570/7,700 | Kelly Lawson, Alain Pinel Realtors |
| 22 Hilltop Drive | $829,000 | 3BR/1.5BA | 1,450/4,950 | Gordie Burton, Coldwell Banker |
| 153 Fairbanks Avenue | $825,000 | 3BR/2BA | 1,500/4,394 | Lynne Mercer, Alain Pinel Realtors |
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Posted in:
Chuck,
wow, 1449 Howard FINALLY sold, after more than 8 mths on the market. For a house that had a nice curb appeal, have lots of backyard space (due to house on a small footprint) and being in the White Oaks school district (I think), it took forever. Price pt, as I recall, was not out of line. Chuck, what is your take here?
Marky.
Howard can be a deterrent for some with families. Plus the 80’s kitchen made what was an otherwise charming house seem unappealing. Plus I would not have called it a bargain, even with a decent backyard, the lot was small.
But looks like pending homes in San Carlos at all price points are falling like dominoes lately.