The San Carlos Real Estate Week in Review: 5-26-12.

May 27, 2012

1-Lewis-Ranch-Road

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:

1 Lewis Ranch Road, San Carlos

1 Lewis Ranch Road, 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.

(Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos in the past 3 months.)

Homes Sold in San Carlos

Homes Sold in San Carlos

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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.

(Click the “Homes Pending Sale” sign below to see ALL the homes that are Pending Sale in San Carlos.)

Homes Pending Sale in San Carlos

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New Single-Family Home Listings in San Carlos:

2826 Brittan Avenue, San Carlos

2826 Brittan Avenue, 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

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

Homes for Sale in San Carlos

Homes for Sale in San Carlos

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Condos and Townhomes Sold in San Carlos:

Below are the condos/townhouses that sold this past week. Click on the address for all of the details:

Address Sold Price Orig. List Difference DOM
1555 Cherry Street #1
$595,000 $589,000 +6,000 (+1.0%)
11
3366 Brittan Avenue #4
$385,000 $409,900 -$24,900 (-6.1%)
155

(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)

Condos Sold in San Carlos

Condos Sold in San Carlos

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Condo/Townhouse Pending Sales in San Carlos

The following condos/townhouses are now pending sale:

Address DOM (days)
775 Chestnut Street #2
9

(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)

Condos Pending Sale in San Carlos

Condos Pending Sale in San Carlos

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address or MLS # or all the details:

Address List Price BR/BA Sq Feet Listed By
1130 Royal Lane
$849,516 2BR/2.5BA 2,880 Nancy Palmer, Alain Pinel
1001 Laurel Street #406
$579,950 2BR/2BA 1,138 Maxine Dumas, Dumas & Company
728 Elm Street #308
$324,950 2BR/2BA 1,124 Sandy Paoli, Today Sothebys

(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)

Condos for Sale in San Carlos

Condos for Sale in San Carlos

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What's Open This Weekend?

Click the “Open House” sign below to see ALL of the homes and condos scheduled to be open this weekend in San Carlos.

Open House in San Carlos

Open House in San Carlos

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(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

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