The San Carlos Real Estate Week in Review: 3-24-12.
March 25, 2012
San Carlos Real Estate Summary.
The numbers are simply mind-boggling for buyers looking to find a home in San Carlos. 22 active listings is an abnormally low number for any time of the year, but it's unprecedented for the end of March. And when you compare that to the 55 homes that are currently pending sale, the ratio of active to pending plummets to 0.4! There are 2.5 times more homes pending sale than for sale in San Carlos right now. As a point of reference, most communities never see a ratio below 1, and are frankly thrilled if they can get it down below 3.
If that's not daunting enough, the average days on the market for homes that went pending this past week was 26, which is a reasonable number. But if you take out just one home that took 185 days to sell, that average number drops to 12 days for the other 11 sales. That means on average, you have less than 2 weeks to decide on a new listing once it hits the market. In reality, you have less than a week, if you factor in the time it takes to prepare the offer. Tough sledding for buyers these days, but it underscores the preparation and focus that's required to be in this market right now.
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 3-24-2012:
|San Carlos Housing Data||3-24-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot
|Sold Price vs Orig List (%)||99%||101%|
|Average DOM of Closed Sales||152||55|
|No. of Homes Pending Sale:||55||43|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,356,630||$1,317,379 (+3%)|
|Average DOM of Active Listings:||41||37|
||0.4 : 1||0.7 : 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|
|1079 Sunset Drive
|46 Elston Court
(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|
|15 Pine Avenue||30||$739,000|
|228 Queens Court
|37 Chilton Avenue||7||$949,000|
|1439 Cordilleras Avenue||185||$839,000|
|44 Plymouth Avenue||11||$689,000|
|2015 San Carlos Avenue
|441 Emerald Avenue
|153 Fairbanks Avenue
|1 Maple Way
|1338 Pebble Drive
|917 Bauer Drive
(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|
|440 Erlin Drive||$1,195,000||4BR/3.5BA||2,730/11,100||jerry Girouard, Girouard Properties|
|1030 Crestview Drive||$1,069,000||4BR/2BA||2,450/7,571||Justine Ford, Today Sothebys|
|1920 Belmont Avenue||$799,997||3BR/1BA||1,280/5,170||Donna Marie Baldwin, Coldwell Banker|
|29 Upland Avenue||$749,000||3BR/2BA||1,430/6,150||Lisa Susnow, Coldwell Banker|
|1532 Greenwood Avenue||$699,000||2BR/1BA||920/5,000||Matlock/Christie, Coldwell Banker|
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that sold this past week. Click on the address for all of the details:
|Address||Sold Price||Orig. List||Difference||DOM|
|633 Elm Street #414
|3347 Brittan Avenue #10||$450,000||$429,000||+$21,000 (+4.9%)||7|
|3319 La Mesa Drive #7||$412,000||$398,000||+$13,000 (+3.3%)||10|
(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)
Condo/Townhouse Pending Sales in San Carlos
The following condos/townhouses are now pending sale:
|3295 La Mesa Drive #3||15|
|3336 Brittan Avenue #8||19|
|3362 La Mesa Drive #1||8|
(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)
New Condo/Townhouse Listings in San Carlos:
The following condo/townhouses listed this past week. Click on the address or MLS # or all the details:
|Address||List Price||BR/BA||Sq Feet||Listed By|
|3379 Brittan Avenue #6||$426,000||2BR/2BA||1,040||Anna DuPont, Today Sothebys|
|3358 La Mesa Drive #3||$399,000||2BR/2BA||1,040||Michael Horwitz, Better Homes|
(Click the “Condos for Sale” button below to see all of the condos and townhomes that are 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.)