The San Carlos Real Estate Week in Review: 4-28-12.
April 29, 2012
San Carlos Real Estate Summary.
After a couple of weeks of steadily increasing inventory, the buyers kicked it into gear again this past week and cropped the available number of home for sale in San Carlos back down to 20, a decrease of 31% from where the week started. Ouch. It certainly didn't help matters that there were only 3 new listings to choose from. But for the time being, we're back to a severely constrained market which is going to make it tough for buyers again.
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 4-28-2012:
| San Carlos Housing Data | 4-28-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
11 | 15 |
| Average Sold Price |
$758,091 | $1,025,707 (-26%) |
| Average $/Sq Foot |
$567 | $535 |
| Sold Price vs Orig List (%) | 97% | 99% |
| Average DOM of Closed Sales | 74 | 21 |
| No. of Homes Pending Sale: | 48 | 46 |
| Inventory of Active Listings: |
20 | 29 (-31%) |
| Average Price of Active Listings: | $1,492,284 | $1,333,334 (+12%) |
| Average DOM of Active Listings: | 35 | 24 |
| Active-Pending Ratio: |
0.42 : 1 | 0.68 : 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 |
|---|---|---|---|---|
| 238 Crestview Drive |
$1,135,000 | $1,088,800 | +$46,200 (+4.2%) |
9 |
| 2825 Tramanto Drive |
$859,000 | $925,000 | -$66,000 (-7.1%) |
67 |
| 628 Alameda |
$850,000 | $849,000 | +$1,000 (+0.1%) |
6 |
| 153 Fairbanks Avenue |
$840,000 | $825,000 | +$15,000 (+1.8%) |
7 |
| 22 Hilltop Drive |
$826,500 | $829,000 | -$2,500 (-0.3%) |
14 |
| 116 Club Drive |
$805,000 | $1,000,000 | -$195,000 (-19.5%) |
319 |
| 261 Cedar Street | $703,500 | $700,000 | +$3,500 (+0.5%) |
0 |
| 1532 Greenwood Avenue |
$695,000 | $699,000 | -$5,000 (-0.7%) |
17 |
| 1119 Alameda |
$695,000 | $749,950 | -$54,950 (-7.3%) |
48 |
| 940 Holly Street |
$480,000 | $489,000 | -$9,000 (-1.8%) |
59 |
| 959 Holly Street |
$450,000 | $469,888 | -$19,888 (-4.2%) |
270 |
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.
___________________________________________________________________
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 |
|---|---|---|
| 1265 Eaton Avenue |
5 | $998,000 |
| 1 Lewis Ranch Road |
55 | $2,750,000 |
| 244 Highland Avenue |
3 | $1,049,000 |
| 15 Anchor Lane |
9 | $975,000 |
| 112 Brook Street |
8 | $700,000 |
| 46 Vine Street |
5 | $750,000 |
| 2836 Roland Avenue |
13 | $873,000 |
| 819 Sunset Drive |
14 | $595,000 |
| 125 Ruby Avenue |
20 | $1,225,000 |
| 233 Club Drive |
15 | $929,000 |
| 924 Montgomery Street |
9 | $525,000 |
| 1371 Orange Avenue |
9 | $679,000 |
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.
___________________________________________________________________
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 |
|---|---|---|---|---|
| 53 Fay Avenue | $1,328,000 | 3BR/2.5BA | 2,368/6,000 | Sandy Rostad, Coldwell Banker |
| 159 Leslie Drive | $1,195,000 | 4BR/2.5BA | 2,420/9,800 | Laura Bertolacci, Today Sothebys |
| 140 Pearl Avenue | $869,000 | 3BR/1.5BA | 1,240/4,400 | Bob Bredel, Today Sothebys |
___________________________________________________________________
Posted in: