The San Carlos Real Estate Week in Review: 4-14-12.
April 15, 2012
San Carlos Real Estate Summary.
There's an interesting nugget in this week's data – of all the homes that closed escrow this past week, over half of them were below their original list price. Looking at the days-on-market averages for that group, it's apparent that buyers are circling back and looking at some of the homes that have been on the market for an extended period of time — something we discussed on the site a few weeks back.
But don't let that suggest that the market is cooling down just yet in San Carlos. Multiple offers and aggressive bidding are still the norm for the time being. Here's a look at this week's numbers…
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 4-14-2012:
| San Carlos Housing Data | 4-14-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
8 | 3 |
| Average Sold Price |
$856,063 | $649,667 (+32%) |
| Average $/Sq Foot |
$582 | $569 |
| Sold Price vs Orig List (%) | 98% | 104% |
| Average DOM of Closed Sales | 104 | 12 |
| No. of Homes Pending Sale: | 58 | 60 |
| Inventory of Active Listings: |
20 | 19 (+5%) |
| Average Price of Active Listings: | $1,613,602 | $1,673,657 (-4%) |
| Average DOM of Active Listings: | 26 | 31 |
| Active-Pending Ratio: |
0.34 : 1 | 0.32 : 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 |
|---|---|---|---|---|
| 1837 Howard Avenue |
$1,485,000 | $1,500,000 | -$15,000 (-1.0%) |
15 |
| 37 Chilton Avenue |
$995,000 | $949,000 | +$46,000 (+4.8%) |
7 |
| 339 Chesham Avenue | $930,000 | $949,000 | -$19,000 (-2.0%) |
23 |
| 162 Ruby Avenue | $755,000 | $699,000 | +$56,000 (+8.0%) |
8 |
| 1449 Howard Avenue |
$752,500 | $849,000 | -$96,500 (-11.4%) |
231 |
| 44 Plymouth Avenue | $710,000 | $689,000 | +$21,000 (+3.0%) |
11 |
| 1540 Hull Drive |
$671,000 | $690,000 | -$19,000 (-2.8%) |
40 |
| 349 Laurel Street |
$550,000 | $695,000 | -$145,000 (-20.9%) |
495 |
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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 |
|---|---|---|
| 1532 Greenwood Avenue |
17 | $699,000 |
| 6 Estates Court |
11 | $1,775,000 |
| 4 Porto Marino Lane |
9 | $1,275,500 |
| 175 Lyndhurst Avenue |
42 | $1,367,000 |
| 411 Hill Way |
80 | $1,099,500 |
| 1009 Walnut Street |
16 | $681,800 |
| 144 Wildwood Avenue |
35 | $998,950 |
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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 |
|---|---|---|---|---|
| 134 Hillcrest Road | $1,749,000 | 4BR/3BA | 2,490/9,628 | Sylvia Martinelli, Realty World |
| 477 Emerald Avenue | $1,550,000 | 4BR/3BA | 2,560/5,264 | David Young, Coldwell Banker |
| 233 Club Drive | $929,000 | 3BR/2BA | 1,300/.48 acres | Tom Stone, Coldwell Banker |
| 437 Hillcrest Road | $910,000 | 2BR/1BA | 1,120/7,644 | Greg Pierce, Intero |
| 2836 Roland Avenue | $873,000 | 3BR/2BA | 1,540/5,580 | Casey Sternsmith, Coldwell Banker |
| 1464 Cordilleras Avenue | $731,000 | 3BR/2BA | 1,350/4,400 | Laura Bertolacci, Today Sothebys |
| 819 Sunset Drive | $595,000 | 3BR/1BA | 1,280/10,400 | Rose Serdy, Alain Pinel Realtors |
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