The San Carlos Real Estate Week in Review: 4-7-12.

April 8, 2012

San Carlos Real Estate Summary.

Easter weekend usually marks the unofficial half-way point in the spring real estate market, with roughly an equal number of weeks on either side in the spring home shopping season.  And this year has been a memorable one so far.  We enter the second half with record low inventory — we dipped as low as 18 homes for sale this week — and an absurdly low active-to-pending ratio of 0.31.   Multiple offers are the norm rather than the exception in this market, and there's no sign of that changing in the coming weeks.

Happy Easter!  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 4-7-2012:

San Carlos Housing Data 4-7-12 Prior Week
Closed Sales for the Week:
3 6
Average Sold Price
$649,667 $910,000 (-29%)
Average $/Sq Foot
$569 $529
Sold Price vs Orig List (%) 104% 98%
Average DOM of Closed Sales 12 33
No. of Homes Pending Sale: 60 56
Inventory of Active Listings:
19 21 (-10%)
Average Price of Active Listings: $1,673,657 $1,437,216 (+17%)
Average DOM of Active Listings: 31 32
Active-Pending Ratio:
0.32 : 1 0.38 : 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
2660 Eaton Avenue
$875,000 $810,000 +$65,000 (8.0%)
1052 Cherry Street $585,000 $565,000 +$20,000 (+3.5%)
958 Holly Street $489,000 $489,950 -$950 (-0.1%)


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
1047 Hewitt Drive
4 $1,495,000
104 Windsor Drive
9 $1,049,950
1999 Eaton Avenue
25 $1,880,000
205 Beverly Drive
10 $1,125,000
29 Upland Avenue 13 $749,000
2065 Eaton Avenue 7 $899,950


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
2054 Saint Francis Way $2,599,000 5BR/5.5BA 4,060/8,800 Sandy Rostad, Coldwell Banker
23 Camborne Avenue $1,789,000 5BR/4BA 3,304/7,550 John Shroyer, Today Sothebys
112 Arundel Road $1,759,000 4BR/3.5BA 3,316/7,947 John Shroyer, Today Sothebys
4 Porto Marino Lane $1,275,500 4BR/3BA 3,350/14,810 Kelly Lawson, Alain Pinel Realtors
146 Windsor Drive $1,655,900 4BR/3.5BA 2,900/17,550 DeVonna Meyer, Coldwell Banker
125 Ruby Avenue $1,225,000 4BR/4BA 2,110/4,400 David Young, Coldwell Banker


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