The San Carlos Real Estate Week in Review: 3-31-12.
April 1, 2012
San Carlos Real Estate Summary.
The lack of new listings once again controlled the pace of the market in San Carlos this past week. With only 4 new single-family residences to choose from, the pending sales number dropped to half the rate of last week. Buyers can't buy what's not there. This mirroring of pending sales versus new listings kept the inventory at 21 homes for sale in the city — a number which will probably drop again into the teens by next week since 104 Windsor Drive and 29 Upland Avenue will be taking offers on Tuesday.
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 3-31-2012:
| San Carlos Housing Data | 3-31-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
6 | 2 |
| Average Sold Price |
$910,000 | $965,000 (-5.7%) |
| Average $/Sq Foot |
$529 | $411 |
| Sold Price vs Orig List (%) | 98% | 99% |
| Average DOM of Closed Sales | 33 | 152 |
| No. of Homes Pending Sale: | 56 | 55 |
| Inventory of Active Listings: |
21 | 22 (-4.5%) |
| Average Price of Active Listings: | $1,437,216 | $1,356,630 (+6%) |
| Average DOM of Active Listings: | 32 | 41 |
| Active-Pending Ratio: |
0.38 : 1 | 0.4 : 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 |
|---|---|---|---|---|
| 261 Devonshire Boulevard |
$1,550,000 | $1,550,000 | $0 (0%) |
0 |
| 1029 Elm Street | $1,298,888 | $1,250,000 | -$48,888 (-3.8%) |
47 |
| 1257 Magnolia Avenue |
$800,000 | $825,000 | -$25,000 (-3.0%) |
112 |
| 133 Brook Street |
$750,000 | $750,000 | $0 (0.0%) |
2 |
| 1195 Elm Street |
$615,000 | $625,000 | -$10,000 (-1.6%) |
14 |
| 1223 Alameda | $495,000 | $530,000 | -$35,000 (-6.6%) |
22 |
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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 |
|---|---|---|
| 22 Hilltop Drive |
14 | $829,000 |
| 1030 Crestview Drive |
8 | $1,069,000 |
| 1064 Lupin Way |
33 | $699,000 |
| 530 Walnut Street |
139 | $895,000 |
| 145 Madera Avenue | 11 | $993,888 |
| 1920 Belmont Avenue | 6 | $799,997 |
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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 |
|---|---|---|---|---|
| 6 Estates Court | $1,775,000 | 5BR/3BA | 3,100/21,000 | Lilian Soleimani, Synoptics |
| 205 Beverly Drive | $1,125,000 | 3BR/3BA | 2,310/6,800 | Laura Bertolacci, Today Sothebys |
| 104 Windsor Drive | $1,049,950 | 3BR/2BA | 1,850/5,400 | David Blewett, Intero |
| 2065 Eaton Avenue | $899,950 | 3BR/2BA | 1,760/6,480 | Maxine Dumas, Dumas & Company |
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