The San Carlos Real Estate Week in Review: 5-12-12.
May 13, 2012
San Carlos Real Estate Summary.
New listings exceeded the number of pending sales this past week, resulting in a 24% uptick in the number of homes for sale in San Carlos. But even with 26 homes currently for sale, that represents about half of what we would see in a normal year at this point in the spring market. With the end of the school year just around the corner, it will be interesting to see what impact (if any) that will have on the temperature of the real estate market in San Carlos.
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 5-12-2012:
| San Carlos Housing Data | 5-12-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
8 | 10 |
| Average Sold Price |
$1,215,625 | $1,069,360 (+13.7%) |
| Average $/Sq Foot |
$523 | $524 |
| Sold Price vs Orig List (%) | 101% | 101% |
| Average DOM of Closed Sales | 22 | 28 |
| No. of Homes Pending Sale: | 39 | 43 |
| Inventory of Active Listings: |
26 | 21 (+24%) |
| Average Price of Active Listings: | $1,368,188 | $1,458,326 (-6.2%) |
| Average DOM of Active Listings: | 26 | 32 |
| Active-Pending Ratio: |
0.67 : 1 | 0.5 : 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 |
|---|---|---|---|---|
| 2058 Carmelita Drive |
$1,895,000 | $1,825,000 | -$70,000 (-3.7%) |
44 |
| 1338 Pebble Drive |
$1,703,000 | $1,669,000 | +$34,000 (+2.0%) |
7 |
| 4 Porto Marino Lane |
$1,350,000 | $1,275,500 | +74,500 (+5.8%) |
9 |
| 175 Lyndhurst Avenue |
$1,267,000 | $1,367,000 | -$100,000 (-7.3%) |
42 |
| 205 Beverly Drive |
$1,205,000 | $1,125,000 | +$80,000 (+7.1%) |
10 |
| 837 Elm Street |
$945,000 | $945,000 | $0 (0%) |
0 |
| 2015 San Carlos Avenue |
$720,000 | $699,000 | +$21,000 (+3%) |
30 |
| 1064 Lupin Way |
$710,000 | $739,000 | -$29,000 (-3.9%) |
33 |
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 |
|---|---|---|
| 3150 Melendy Drive |
57 | $1,267,000 |
| 398 Cedar Street |
19 | $699,000 |
| 332 Chesham Avenue |
182 | $799,000 |
| 2041 Brittan Avenue | 9 | $899,950 |
| 864 Bauer Drive |
9 | $1,179,000 |
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.
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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 |
|---|---|---|---|---|
| 1528 Saint Francis Way | $1,895,000 | 4BR/3.5BA | 3,375/6,325 | Anna Wong, Alain Pinel Realtors |
| 501 Walnut Streeet | $1,500,000 | 3BR/2.5BA | 3,020/10,500 | Janet Pepe Davis, Hometown Realty |
| 2879 Roland Avenue | $1,368,000 | 4BR/3BA | 3,220/24,567 | David Young, Coldwell Banker |
| 427 Ridge Road | $927,000 | 3BR/3BA | 2,165/4,950 | Alex Feldman, Alain Pinel Realtors |
| 130 Acacia Court | $899,950 | 4BR/2.5BA | 1,710/5,568 | Tom Tornquist, RE/MAX |
| 2233 Brittan Avenue | $799,000 | 3BR/1.5BA | 1,490/6,875 | Janet Pepe Davis, Hometown Realty |
| 1532 School Street | $749,000 | 3BR/1.5BA | 1,420/5,625 | Lottie Kendall, Today Sothebys |
| 140 Winding Way | $300,000 | 2BR/1BA | 880/4,590 | Jeannette Dane, Premier Properties |
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