The San Carlos Real Estate Week in Review: 6-2-12.
June 3, 2012
San Carlos Real Estate Summary.
It was another solid showing in the market this past week. 11 homes went pending, quite a few of them with multiple offers. Only 5 new listings made their debut, however, so the net result was a precipitous drop of nearly 21% in the number of homes for sale. The topic of the week with everyone who is either buying or selling right now seems to be the direction of the Facebook stock price, which has been heading southward since the IPO. That doesn't appear to be slowing anything down in the market.
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 6-2-2012:
| San Carlos Housing Data | 6-2-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
5 | 9 |
| Average Sold Price |
$1,159,122 | $1,127,132 (+2.8%) |
| Average $/Sq Foot (Sold) |
$515 | $582 |
| Sold Price vs Orig List (%) | 101% | 101% |
| Average DOM of Closed Sales | 31 | 21 |
| No. of Homes Pending Sale: | 45 | 41 |
| Inventory of Active Listings: |
27 | 34 (-21%) |
| Average Price of Active Listings: | $1,396,187 | $1,294,792 (+8%) |
| Average DOM of Active Listings: | 25 | 20 |
| Average $/Sq Foot (List) | 567 | 566 |
| Active-Pending Ratio: |
0.6 : 1 | 0.83 : 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 |
|---|---|---|---|---|
| 325 Clifton Avenue |
$1,348,000 | $1,488,841 | -$140,841 (-9.5%) |
70 |
| 159 Leslie Drive | $1,300,000 | $1,165,000 | +$135,000 (+11.6%) |
11 |
| 864 Bauer Drive | $1,255,000 | $1,179,000 | +$76,000 (+6.4%) |
9 |
| 144 Wildwood Avenue |
$987,610 | $1,050,000 | -$62,390 (-5.9%) |
51 |
| 2836 Roland Avenue |
$905,000 | $873,000 | +32,000 (+3.7%) |
13 |
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 |
|---|---|---|
| 53 Fay Avenue |
34 | $1,285,000 |
| 3122 La Mesa Drive |
12 | $998,000 |
| 1045 Sunset Drive |
24 | $749,000 |
| 543 Prospect Street |
13 | $699,000 |
| 2140 Belmont Avenue |
12 | $898,888 |
| 2079 Eucalyptus Avenue |
14 | $1,475,000 |
| 1600 Elm Street |
8 | $995,000 |
| 1028 Hewitt Drive |
16 | $1,150,000 |
| 24 Winding Way |
92 | $610,000 |
| 477 Emerald Avenue |
51 | $1,465,000 |
| 402 Cedar Street |
15 | $680,000 |
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 |
|---|---|---|---|---|
| 109 Kings Court | $2,699,000 | 5BR/5BA | 5,320/25,042 | Linda Wei, Today Sothebys |
| 138 Eaton Villa Place | $1,625,000 | 4BR/3.5BA | 2,744/13,050 | Bob Bredel, Today Sothebys |
| 2352 Howard Avenue | $699,000 | 1BR/1BA | 830/7,182 | Jessica Eva, Today Sothebys |
| 100 Manzanita Avenue | $699,000 | 2BR/1BA | 1,000/4,000 | Sara Khan, Pacific Union |
| 1026 Alameda | $625,000 | 2BR/1BA | 990/5,856 | Bob Bredel, Today Sothebys |
___________________________________________________________________
Posted in: