The San Carlos Real Estate Week in Review: 6-23-12.

June 24, 2012

San Carlos Real Estate Summary.

A milestone was reached this week — for the first time in several months, there were as many homes listed on the market as there were pending sale.   If you've watched the stats in the table below, you now for much of the year that ratio has been below 1.0, which is uncommon in any market for such an extended period of time.  But this week, we finished up with 36 homes for sale and 36 homes pending sale.  This is a small step in the right direction toward a more balanced real estate market.   Perhaps over the summer months the inventory will continue to slowly build back to a normal level…  We'll see.

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 6-23-2012:

San Carlos Housing Data 6-23-12 Prior Week
Closed Sales for the Week:
6 9
Average Sold Price
$1,070,000 $1,267,576 (-15.6%)
Average $/Sq Foot (Sold)
$617 $554
Sold Price vs Orig List (%) 103% 104%
Average DOM of Closed Sales 12 16
No. of Homes Pending Sale: 36 36
Inventory of Active Listings:
36 31 (+16%)
Average Price of Active Listings: $1,299,849 $1,464,234
Average DOM of Active Listings: 32 37
Average $/Sq Foot (List) $572 $583
Active-Pending Ratio:
1 : 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
1439 Cedar Street
$1,525,000 $1,450,000 +$75,000 (+5.2%)
13
53 Fay Avenue
$1,260,000 $1,328,000 -$68,000 (-5.1%)
34
2019 White Oak Way
$1,230,000 $1,100,000 +$120,000 (+11.8%)
4
2140 Belmont Avenue
$961,000 $898,888 +$62,112 (+6.9%)
12
220 Oakview Drive
$755,000 $759,000 -$4,000 (-0.5%)
5
24 Plymouth Drive
$689,000 $689,000 $0 (0%)
2

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
9 Robin Way
32 $1,097,000
233 Club Drive
69 $929,000
2132 San Carlos Avenue
9 $899,000
6 Estates Court
85 $1,825,000

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
159 Mesa Verde Way $1,749,000 6BR/3.5BA 3,105/10,956 Miriam Chirko, Coldwell Banker
182 Exbourne Avenue $1,600,000 6BR/3BA 3,510/5,750 Dana Capiello, Keller Williams
182 Crestview Drive $1,279,000 3BR/2.5BA 2,210/8,080 Kamiar Lashgari, California Regency
140 Molton Avenue $1,249,950 5BR/3BA 2,340/9,380 Michelle Glaubert, Coldwell Banker
197 Coventry Court $1,239,000 3BR/2.5BA 2,240/11,700 Melanie Smith, Coldwell Banker
441 Clifton Avenue $1,198,000 4BR/2BA 1,970/6,360 Abe Matar, Landmark
118 Oakview Drive $879,000 3BR/2BA 1,460/6,800 David Young, Coldwell Banker
2063 Arroyo Avenue $800,000 3BR/1BA 1,380/5,000 Linda Scheifler Mark, Alain Pinel Realtor

Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.

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