The San Carlos Real Estate Week in Review: 5-19-12.
May 20, 2012
San Carlos Real Estate Summary.
This was a week that made buyers rejoice. There were 16 new listings to hit the market and another couple of re-lists in what was the biggest single-week increase in inventory so far this year. There are new options for just about every buyer, from 2-bedroom to 5-bedroom homes and prices ranging from $400,000 to $1.4M. At the time of this post, there were 37 homes for sale in San Carlos — easily the highest inventory in months. Here's to hoping that this trend continues in the coming weeks.
Buying activity remained brisk, with 6 homes going into contract — all 6 the were only on the market for two weeks or less. Things are still moving quickly, so be sure to get out and see the new inventory while it's available.
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 5-19-2012:
| San Carlos Housing Data | 5-19-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
4 | 8 |
| Average Sold Price |
$1,060,650 | $1,215,625 (-12%) |
| Average $/Sq Foot |
$582 | $523 |
| Sold Price vs Orig List (%) | 108% | 101% |
| Average DOM of Closed Sales | 48 | 22 |
| No. of Homes Pending Sale: | 40 | 39 |
| Inventory of Active Listings: |
37 | 26 (+30%) |
| Average Price of Active Listings: | $1,206,612 | $1,368,188 (-12%) |
| Average DOM of Active Listings: | 20 | 26 |
| Active-Pending Ratio: |
0.9 : 1 | 0.67 : 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 |
|---|---|---|---|---|
| 1047 Hewitt Drive |
$1,505,000 | $1,495,000 | +$10,000 (+0.7%) |
4 |
| 2065 Eaton Avenue |
$1,110,000 | $899,950 | +$210,050 (+23.3%) |
7 |
| 505 Dartmouth Avenue |
$1,162,000 | $1,049,000 | +113,000 (+10.8%) |
46 |
| 942 Montgomery Street |
$465,600 | $499,000 | -$33,400 (-6.7%) |
135 |
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 |
|---|---|---|
| 901 Crestview Drive |
14 | $1,099,000 |
| 1640 Hull Drive |
11 | $699,000 |
| 1528 Saint Francis Way |
8 | $1,895,000 |
| 1532 School Street |
8 | $749,000 |
| 2879 Roland Avenue |
8 | $1,368,000 |
| 41 Walton Street |
13 | $979,000 |
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 |
|---|---|---|---|---|
| 124 Normandy Court | $1,498,000 | 3BR/2.5BA | 2,240/10,030 | Chet Lane, Prudential |
| 2079 Eucalyptus Avenue | $1,475,000 | 5BR/4BA | 2,760/5,000 | Bob Bredel, Today Sothebys |
| 55 Sequoia Court | $1,249,900 | 4BR/2.5BA | 2,610/5,096 | Chris Frangos, Coldwell Banker |
| 974 Alameda | $1,195,000 | 5BR/3.5BA | 3,750/13,700 | John Shroyer, Today Sothebys |
| 1028 Hewitt Drive | $1,150,000 | 3BR/2BA | 1,900/8,400 | Lauson Fargher, Realcom Associates |
| 2019 White Oak Way | $1,100,000 | 3BR/2BA | 1,700/5,600 | David Young, Coldwell Banker |
| 9 Robin Way | $1,097,000 | 4BR/2BA | 1,660/5,000 | Gina Henson, Sequoia Realty |
| 913 Bauer Drive | $998,000 | 4BR/3BA | 2,540/7,040 | Jan Majeski, Alain Pinel Realtors |
| 3122 La Mesa Drive | $998,000 | 3BR/2BA | 1,760/8,832 | Alex Lehr, Lehr Real Estate |
| 187 Exeter Avenue | $928,888 | 3BR/2.5BA | 1,700/13,700 | Dave Blewett, Intero |
| 2140 Belmont Avenue | $898,888 | 2BR/2BA | 1,790/6,930 | Lorelei Keim, Coldwell Banker |
| 1401 Howard Avenue | $809,000 | 3BR/1BA | 1,520/4,560 | Sharon Vella, SF Homelife |
| 404 Sycamore Street | $729,950 | 2BR/1BA | 1,120/6,500 | Maxine Dumas, Dumas & Company |
| 543 Prospect Street | $699,000 | 2BR/1BA | 1,210/6,272 | Elizabeth Whitehead, Intero |
| 402 Cedar Street | $680,000 | 2BR/1BA | 1,120/10,147 | Tony Gabb, RE/MAX |
| 103 Winding Way | $375,000 | 3BR/2BA | 1,150/10,000 | Bob Reynolds, RE/MAX |
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