The San Carlos Real Estate Week in Review: 5-26-12.
May 27, 2012
San Carlos Real Estate Summary.
The San Carlos real estate market continues to run unabated even as we wrap up the month of May. Buyers are continuing to push the envelope as multiple offers are still the norm and not the exception. Of the 9 homes that went pending this week, 7 of them had been on the market for only about 2 weeks or less — which is an undeniable statement about the strength of the market right now. Even the closed sales reflect the sustained growth of the market, with 7 of the 9 sales closing at or above the asking price.
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 5-26-2012:
| San Carlos Housing Data | 5-26-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
9 | 4 |
| Average Sold Price |
$1,127,132 | $1,060,650 (+6.3%) |
| Average $/Sq Foot (Sold) |
$582 | $582 |
| Sold Price vs Orig List (%) | 101% | 108% |
| Average DOM of Closed Sales | 21 | 48 |
| No. of Homes Pending Sale: | 41 | 40 |
| Inventory of Active Listings: |
34 | 37 (-8.1%) |
| Average Price of Active Listings: | $1,294,792 | $1,206,612 (+7.3%) |
| Average DOM of Active Listings: | 20 | 20 |
| Average $/Sq Foot (List) | 566 | — |
| Active-Pending Ratio: |
0.83 : 1 | 0.9 : 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 |
|---|---|---|---|---|
| 1 Lewis Ranch Road | $2,600,000 | $2,750,000 | -$150,000 (-6.7%) |
55 |
| 79 Hilltop Drive | $1,162,800 | $1,050,000 | +$112,800 (+10.7%) |
6 |
| 411 Hill Way |
$1,075,000 | $1,099,500 | -$24,500 (-2.2%) |
80 |
| 15 Anchor Lane | $1,010,000 | $975,000 | +35,000 (+3.6%) |
9 |
| 1265 Eaton Avenue |
$1,010,000 | $998,000 | +12,000 (+1.2%) |
5 |
| 46 Vine Street |
$802,500 | $750,000 | +$52,500 (+7.0%) |
5 |
| 145 Madera Avenue |
$993,888 | $993,888 | $0 (+0%) |
11 |
| 112 Brook Street |
$775,000 | $700,000 | +$75,000 (+10.7%) |
8 |
| 1371 Orange Avenue | $715,000 | $679,000 | +$36,000 (+5.3%) |
8 |
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 |
|---|---|---|
| 2233 Brittan Avenue |
11 | $799,000 |
| 2019 White Oak Way |
4 | $1,100,000 |
| 913 Bauer Drive |
6 | $919,000 |
| 427 Ridge Road |
14 | $927,000 |
| 140 Winding Way |
15 | $300,000 |
| 93 Highland Avenue |
9 | $979,000 |
| 134 Hillcrest Road |
46 | $1,749,000 |
| 316 Chesham Avenue |
37 | $1,195,000 |
| 404 Sycamore Street |
8 | $729,950 |
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 |
|---|---|---|---|---|
| 2826 Brittan Avenue | $2,549,500 | 5BR/4.5BA | 3,617/22,500 | Susan Gee Berry, Keller Williams |
| 1439 Cedar Street | $1,450,000 | 3BR/2.5BA | 2,250/4,640 | Richard Sequeira, Alain Pinel Realtors |
| 650 Dartmouth Avenue | $1,248,650 | 4BR/3BA | 2,457/6,435 | Holly Noto, Coldwell Banker |
| 54 Ensenada Road | $999,000 | 3BR/2BA | 1,670/27,456 | Haifa Khoury, Today Sothebys |
| 1600 Elm Street | $995,000 | 3BR/2BA | 1,810/8,100 | Michael Bohnert, Coldwell Banker |
| 10 Cranfield Drive | $899,111 | 2BR/3.5BA | 994/10,250 | James O'Connor, Terrace Associates |
| 2623 San Carlos Avenue | $798,888 | 3BR/2BA | 1,790/7,000 | Mo Bani-taba, Intero |
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