The San Carlos Real Estate Week in Review: 7-21-12.
July 23, 2012
San Carlos Real Estate Summary.
The real estate market in San Carlos continued to flex its muscle this past week, despite the fact that we're smack in the middle of summer. All but one of the homes that went pending last week were locked up inside of 2 weeks, with most still fetching multiple offers. And home prices are still holding strong — this past week's closed escrows were at 101% of their respective list price, on average. It will be interesting to see what effect (if any) this has on the month of August, which is traditionally one of the slowest months of the year in San Carlos real estate.
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 7-21-2012:
| San Carlos Housing Data | 7-21-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
5 | 7 |
| Average Sold Price |
$1,014,000 | $956,000 (+%) |
| Average $/Sq Foot (Sold) |
$506 | $542 |
| Sold Price vs Orig List (%) | 101% | 95% |
| Average DOM of Closed Sales | 20 | 54 |
| No. of Homes Pending Sale: | 35 | 33 |
| Inventory of Active Listings: |
35 | 34 (+2.9%) |
| Average Price of Active Listings: | $1,365,991 | $1,331,253 |
| Average DOM of Active Listings: | 43 | 37 |
| Average $/Sq Foot (List) | $556 | $579 |
| 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 |
|---|---|---|---|---|
| 1819 Eaton Avenue |
$1,850,000 | $1,750,000 | +$100,000 (+5.7%) |
1 |
| 974 Alameda |
$1,150,000 | $1,195,000 | -$45,000 (-3.8%) |
21 |
| 2132 San Carlos Avenue |
$840,000 | $799,000 | +$41,000 (+5.1%) |
9 |
| 1464 Cordilleras Avenue |
$680,000 | $699,000 | -$19,000 (-2.7%) |
65 |
| 1007 Sylvan Drive |
$550,000 | $568,500 | -$18,500 (-3.3%) |
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 |
|---|---|---|
| 248 Chesham Avenue |
19 | $1,650,000 |
| 128 Wellington Drive |
12 | $1,485,000 |
| 403 De Anza Avenue |
9 | $1,150,000 |
| 383 Ashford Avenue |
10 | $798,000 |
| 2233 Howard Avenue |
8 | $850,000 |
| 360 Ridge Road |
8 | $699,000 |
| 3210 Brittan Avenue |
10 | $899,000 |
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 |
|---|---|---|---|---|
| 206 Devonshire Boulevard | $1,595,000 | 4BR/3.5BA | 5,030/7,440 | Jami Arami, Alain Pinel Realtors |
| 81 Madrona Street | $1,325,000 | 3BR/2.5BA | 2,400/8,700 | Alex Lehr, Lehr Realty |
| 444 Hillcrest Road | $1,125,000 | 4BR/3.5BA | 2,890/5,733 | Larry Panozzo, Zip Realty |
| 2388 Brittan Avenue | $759,000 | 3BR/2BA | 1,370/7,500 | Antonio Rastegari, Alliance |
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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