The San Carlos Real Estate Week in Review: 8-11-12.
August 12, 2012
San Carlos Real Estate Summary.
This week was punctuated by no fewer than 6 new listings in San Carlos — an abnormal occurrence for August in what has become an abnormal real estate year in just about every respect. But buying activity remained brisk as at least 5 buyers stayed home from vacation and wrote offers on homes. This balance is keeping season inventory low at about 31 active listings in the entire city, of which only about 25% are considered to be in the “flats” of San Carlos, which is why new listings such as 200 Edgehill Drive should garner lots of interest with buyers looking to live in the flats.
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 8-11-2012:
| San Carlos Housing Data | 8-11-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
2 | 6 |
| Average Sold Price |
$1,403,512 | $1,103,333 (+29%) |
| Average $/Sq Foot (Sold) |
$710 | $550 |
| Sold Price vs Orig List (%) | 109% | 97% |
| Average DOM of Closed Sales | 10 | 30 |
| No. of Homes Pending Sale: | 34 | 32 |
| Inventory of Active Listings: |
31 | 31 (0%) |
| Average Price of Active Listings: | $1,307,874 | $1,355,671 |
| Average DOM of Active Listings: | 49 | 46 |
| Average $/Sq Foot (List) | $570 | $562 |
| Active-Pending Ratio: |
0.9 : 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 |
|---|---|---|---|---|
| 128 Wellington Drive |
$1,625,000 | $1,485,000 | +$140,000 (+9.4%) |
12 |
| 2024 Eaton Avenue |
$1,182,024 | $1,095,000 | +$87,024 (+7.9%) |
8 |
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 |
|---|---|---|
| 444 Hillcrest Road |
17 | $1,125,000 |
| 26 Stanford Lane |
11 | $1,178,000 |
| 1407 Cedar Street |
12 | $835,000 |
| 3186 La Mesa Drive |
29 | $1,149,950 |
| 81 Madrona Street |
20 | $1,325,000 |
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 |
|---|---|---|---|---|
| 200 Edgehill Drive | $1,350,000 | 4BR/3.5BA | 2,300/8,350 | David Young, Coldwell Banker |
| 108 Garnet Avenue | $1,199,000 | 3BR/3BA | 2,400/5,500 | Terrell Slawson, Linwood Realty |
| 142 Garnet Avenue | $979,000 | 3BR/2BA | 1,910/6,272 | Nancy Palmer, Alain Pinel Realtors |
| 100 Cedar Street | $729,000 | 2BR/1BA | 960/6,000 | Tim Earley, Coldwell Banker |
| 1148 Cedar Street | $695,000 | 3BR/1BA | 1,250/5,000 | David Blewett, Intero |
| 1036 Inverness Drive | $559,000 | 2BR/1BA | 820/5,000 | Joyce Romeo, 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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Posted in:
And wow, 200 Edgehill is pending already.
Any homeowner waiting for the “right” time to list their home in San Carlos is wasting their time.
Thanks Michael — I couldn’t have said it better myself.
This just shows what happens when there’s an absolute dearth of 4 and 5 bedroom homes for sale anywhere close to downtown. I’m not surprised it all that it sold on the second day.
But then again, David has been showing it to people for weeks ahead of publishing the listing.