The San Carlos Real Estate Week in Review: 8-4-12.
August 6, 2012
San Carlos Real Estate Summary.
The San Carlos real estate market continues to power right through the summer months. It was pretty solid showing for the middle of August, with 4 new listings and 4 homes going into contract. 2360 Howard Avenue actually made both of those lists, as it was snapped up before the first open house. So there indeed in strength in the market over $1.5M too.
As we approach mid-August and precursor to Labor Day weekend, look for more listings to hit the market as smart sellers look to get a jump on the fall market. This late-season surge used to take place after Labor Day weekend, but now that school starts for most kids in August, the start of the fall market happens a bit sooner.
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 8-4-2012:
| San Carlos Housing Data | 8-4-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
6 | 8 |
| Average Sold Price |
$1,103,333 | $1,104,500 (-0.1%) |
| Average $/Sq Foot (Sold) |
$550 | $594 |
| Sold Price vs Orig List (%) | 97% | 101% |
| Average DOM of Closed Sales | 30 | 19 |
| No. of Homes Pending Sale: | 32 | 30 |
| Inventory of Active Listings: |
31 | 32 (-3.2%) |
| Average Price of Active Listings: | $1,355,671 | $1,337,101 |
| Average DOM of Active Listings: | 46 | 46 |
| Average $/Sq Foot (List) | $562 | $581 |
| Active-Pending Ratio: |
1 : 1 | 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 |
|---|---|---|---|---|
| 138 Eaton Villa Place |
$1,625,000 | $1,625,000 | $0 (0%) |
6 |
| 1364 Rosewood Avenue |
$1,595,000 | $1,595,000 | +$0 (+0%) |
16 |
| 124 Normandy Court |
$1,400,000 | $1,498,000 | -$98,000 (-6.5%) |
44 |
| 2623 San Carlos Avenue |
$760,000 | $798,000 | -$38,000 (-4.8%) |
40 |
| 1500 Magnolia Avenue |
$650,000 | $650,000 | $0 (0%) |
1 |
| 315 Old County Road |
$590,000 | $638,000 | -$48,000 (-7.5%) |
74 |
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 |
|---|---|---|
| 436 Prospect Street |
9 | $789,000 |
| 177 Exbourne Avenue |
7 | $947,500 |
| 945 Rosewood Avenue |
56 | $1,199,000 |
| 2360 Howard Avenue |
5 | $1,695,000 |
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 |
|---|---|---|---|---|
| 2360 Howard Avenue | $1,695,000 | 4BR/3.5BA | 2,738/22,500 | Mary Wong-gee, Showplace Properties |
| 719 Park Avenue | $1,178,000 | 3BR/2BA | 1,640/6,050 | David Young, Coldwell Banker |
| 119 Palm Avenue | $979,000 | 5BR/3BA | 2,430/5,565 | Bret Evans, RE/MAX |
| 244 Winsdor Drive | $879,000 | 2BR/2BA | 1,590/5,500 | Ellen Vera, Intero |
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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