The San Carlos Real Estate Week in Review: 4-21-12.
April 22, 2012
San Carlos Real Estate Summary.
Home buyers in San Carlos got a rare treat this past week — there were actually more new listings to hit the market than there were pending sales, by a margin of over 2:1. That means the inventory got a badly needed boost (to the tune of +45%), and buyers now have more than a few options to look at this weekend. While the inventory is still an an unseasonably low of 29, it's a welcome relief from being stuck in the teens. Let's hope this trend continues in the coming weeks, because there are more than enough buyers to handle any surge in inventory right now.
Here are the numbers for the 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 4-21-2012:
| San Carlos Housing Data | 4-21-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
15 | 8 |
| Average Sold Price |
$1,025,707 | $856,053 (+20%) |
| Average $/Sq Foot |
$535 | $582 |
| Sold Price vs Orig List (%) | 99% | 98% |
| Average DOM of Closed Sales | 21 | 104 |
| No. of Homes Pending Sale: | 46 | 58 |
| Inventory of Active Listings: |
29 | 20 (+45%) |
| Average Price of Active Listings: | $1,333,334 | $1,613,602 (-17.4%) |
| Average DOM of Active Listings: | 24 | 26 |
| Active-Pending Ratio: |
0.63 : 1 | 0.34 : 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 |
|---|---|---|---|---|
| 228 Queens Court |
$2,575,000 | $2,645,000 | -$70,000 (-2.6%) |
14 |
| 244 Exeter Avenue |
$1,550,000 | $1,539,950 | +$10,050 (+0.6%) |
9 |
| 168 Madera Avenue |
$1,125,000 | $1,199,000 | -$74,000 (-6.2%) |
23 |
| 142 Coronado Avenue | $1,088,000 | $1,169,000 | -$81,000 (-6.9%) |
15 |
| 1357 Woodland Avenue | $1,060,000 | $968,000 | +$92,000 (+9.5%) |
10 |
| 441 Emerald Avenue | $1,000,100 | $969,000 | +$31,100 (+3.2%) |
6 |
| 664 Chestnut Street |
$905,000 | $850,000 | +$55,000 (+6.5%) |
7 |
| 635 Park Avenue |
$880,000 | $880,000 | $0 (0%) |
0 |
| 1 Maple Way |
$875,000 | $895,000 | -$20,000 (-2.2%) |
19 |
| 530 Walnut Street |
$872,500 | $995,000 | -$122,500 (-12.3%) |
139 |
| 128 Beverly Drive |
$830,000 | $849,000 | -$19,000 (-2.2%) |
6 |
| 15 Pine Avenue |
$740,000 | $799,000 | -$59,000 (-7.4%) |
30 |
| 850 Orange Avenue | $640,000 | $629,000 | +$11,000 (+1.7%) |
12 |
| 145 Wildwood Avenue |
$680,000 | $695,000 | -$15,000 (-2.2%) |
20 |
| 154 Fairbanks Avenue |
$565,000 | $499,000 | +$66,000 (+13.2%) |
11 |
Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.
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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 |
|---|---|---|
| 79 Hilltop Drive |
6 | $1,050,000 |
| 2054 Saint Francis Way |
10 | $2,599,000 |
| 248 Bayview Drive |
1 | $1,400,000 |
| 1464 Cordilleras Avenue |
9 | $713,300 |
Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.
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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 |
|---|---|---|---|---|
| 308 Chesham Avenue | $1,550,000 | 3BR/2.5BA | 2,385/5,662 | Debbie Wilhelm, Coldwell Banker |
| 316 Chesham Avenue | $1,195,000 | 3BR/2.5BA | 2,100/9,148 | Bob Bredel, Today Sothebys |
| 244 Highland Avenue | $1,049,000 | 4BR/3BA | 1,826/6,600 | Nick Delis, KW |
| 1265 Eaton Avenue | $998,000 | 3BR/2BA | 1,470/7,000 | John Reese, Intero |
| 15 Anchor Lane | $929,000 | 4BR/3BA | 2,340/7,500 | Eddie Azzopardi, Realty World |
| 112 Brook Street | $700,000 | 3BR/2BA | 1,550/6,000 | Dee Edmonds, Coldwell Banker |
| 398 Cedar Street | $699,000 | 3BR/2BA | 1,770/11,830 | Juan Ibarra, Referral City |
| 1371 Orange Avenue | $679,000 | 2BR/1BA | 790/3,500 | John Fyten, Coldwell Banker |
| 315 Old County Road | $638,000 | 2BR/1BA | 1,020/5,000 | Abe Matar, Landmark |
| 924 Montgomery Street | $525,000 | 2BR/1BA | 950/5,000 | Daniel Dimas |
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