The San Carlos Real Estate Week in Review: 7-14-12.
July 16, 2012
San Carlos Real Estate Summary.
It was a good week for new listings, especially considering that it's in the middle of July, which is not typically a busy time for new issues. 9 new listings made their debut last week, which helped drive the inventory up back over 30 listings again. Buyers remained on task again, with 4 homes going into to contract — and all 4 were on the market for less than two weeks, which confirms that properties are still moving briskly.
The start of the traditional fall real estate market is only 4 weeks away, and it appears that the market will remain relatively strong leading up to that point.
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 7-14-2012:
| San Carlos Housing Data | 7-14-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
7 | 4 |
| Average Sold Price |
$956,000 | $821,875 (+16.3%) |
| Average $/Sq Foot (Sold) |
$542 | $712 |
| Sold Price vs Orig List (%) | 95% | 102% |
| Average DOM of Closed Sales | 54 | 11 |
| No. of Homes Pending Sale: | 33 | 36 |
| Inventory of Active Listings: |
34 | 29 (+17%) |
| Average Price of Active Listings: | $1,331,253 | $1,347,945 |
| Average DOM of Active Listings: | 37 | 40 |
| Average $/Sq Foot (List) | $579 | $578 |
| Active-Pending Ratio: |
1 : 1 | 0.8 : 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 |
|---|---|---|---|---|
| 2079 Eucalyptus Avenue |
$1,300,000 | $1,475,000 | -$175,000 (-11.9%) |
45 |
| 316 Chesham Avenue |
$1,150,000 | $1,195,000 | -$45,000 (-3.8%) |
37 |
| 1028 Hewitt Drive |
$1,055,000 | $1,150,000 | -$95,050 (-8.3%) |
16 |
| 93 Highland Avenue |
$984,000 | $979,000 | +$5,000 (+0.5%) |
9 |
| 1061 Crestview Drive |
$800,000 | $890,000 | -$90,000 (-10.1%) |
247 |
| 100 Manzanita Avenue |
$778,000 | $699,000 | +$79,000 (+11.3%) |
15 |
| 1026 Alameda |
$625,000 | $625,000 | $0 (0%) |
11 |
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 |
|---|---|---|
| 41 Williams Lane |
14 | $1,097,000 |
| 1392 Oakhurst Avenue |
2 | $988,000 |
| 1007 Sylvan Drive |
2 | $568,500 |
| 2024 Eaton Avenue |
8 | $1,095,000 |
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 |
|---|---|---|---|---|
| 259 Kings Court | $2,699,000 | 5BR/4.5BA | 5,450/23,295 | Stephen Lessard, Coldwell Banker |
| 3186 La Mesa Drive | $1,199,888 | 4BR/2BA | 1,900/6,500 | Dave Blewett, Intero |
| 403 De Anza Avenue | $1,150,000 | 4BR/3BA | 2,510/11,800 | Valerie Soltau, Coldwell Banker |
| 172 Bay View Drive | $999,000 | 3BR/2BA | 1,620/16,100 | Stanley Lo, Green Banker |
| 3210 Brittan Avenue | $899,000 | 4BR/2BA | 1,730/11,520 | Val Vandervort, Coldwell Banker |
| 2233 Howard Avenue | $850,000 | 2BR/2BA | 1,560/4,800 | Marla Perego, Coldwell Banker |
| 383 Ashford Avenue | $798,000 | 3BR/2BA | 1,310/8,750 | Holly Noto, Coldwell Banker |
| 360 Ridge Road | $699,000 | 2BR/1BA | 850/5,243 | John Shroyer, Today Sothebys |
| 1007 Sylvan Drive | $568,500 | 3BR/2BA | 1,390/5,000 | Kelly Clarke, Coldwell Banker |
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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