The San Carlos Real Estate Week in Review: 6-30-12.

July 2, 2012

San Carlos Real Estate Summary.

It's hard to believe, but the first half of 2012 is now officially behind us.  It has been a year that nobody in this industry could have predicted, and we're still only halfway through it.  What were the first-half numbers like?  What's in store for the second half?  We'll dive into those numbers in a little more detail later this week, but for now suffice it to say that the first half finished the way it started – strong.   And there's no indication that it's going to change much in the second half.

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 6-30-2012:

San Carlos Housing Data 6-30-12 Prior Week
Closed Sales for the Week:
10 6
Average Sold Price
$1,134,800 $1,070,000 (+6.1%)
Average $/Sq Foot (Sold)
$601 $617
Sold Price vs Orig List (%) 102% 103%
Average DOM of Closed Sales 39 12
No. of Homes Pending Sale: 35 36
Inventory of Active Listings:
28 36 (-22%)
Average Price of Active Listings: $1,326,375 $1,299,849
Average DOM of Active Listings: 37 32
Average $/Sq Foot (List) $577 $572
Active-Pending Ratio:
0.8 : 1 1 : 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
134 Hillcrest Road
$1,729,000 $1,749,000 -$20,000 (-1.1%)
46
477 Emerald Avenue
$1,470,000 $1,550,000 -$80,000 (-5.2%)
51
650 Darmouth Avenue
$1,235,000 $1,248,650 -$13,650 (-1.1%)
12
125 Ruby Avenue
$1,225,000 $1,225,000 $0 (0%)
20
1600 Elm Street
$1,205,000 $995,000 +$210,000 (+21.1%)
8
41 Walton Street
$1,100,000 $979,000 +$121,000 (+12.4%)
13
427 Ridge Road
$975,000 $927,000 +$48,000 (+5.2%)
14
187 Exeter Avenue
$899,000 $928,888 -$29,888 (-3.2%)
26
332 Chesham Avenue
$795,000 $815,000 -$20,000 (-2.5%)
182
543 Prospect Street
$715,000 $699,000 +$16,000 (+2.3%)
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.

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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
111 Beverly Drive
55 $1,895,000
140 Molton Avenue
10 $1,249,950
1364 Rosewood Avenue
16 $1,595,000
2063 Arroyo Avenue
10 $800,000
197 Coventry Court
6 $1,239,000
165 Exeter Avenue
21 $1,449,950
124 Normandy Court
44 $1,498,000
315 Old County Road
74 $599,000

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
248 Chesham Avenue $1,650,000 4BR/2BA 2,420/10,760 David Young, Coldwell Banker
181 Glasgow Lane $1,575,000 4BR/3BA 2,800/8,256 Steve Bellumori, Coldwell Banker
41 Williams Lane $1,097,000 3BR/2BA 1,820/8,840 Genella Williamson, Alain Pinel Realtors
965 Alameda $675,000 3BR/1BA 1,150/5,217 Dulcy Freeman, Dreyfus Properties

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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