The San Carlos Real Estate Week in Review: 8-25-12.
August 26, 2012
San Carlos Real Estate Summary.
Summer vacation “officially” ended this week for many, as all of the local public schools will be back in session tomorrow. That means the fall real estate season will be in full swing starting this week. This is always an interesting phenomenon, because everything that happens in the fall market is in such a compressed time-frame. Unlike the spring market, which lasts 4-5 months (depending on what month you consider the start to be), the fall market only lasts about 2.5 months — basically until the Thanksgiving weekend. But this year, buyer demand is so high that it's conceivable that the market will steam right through the holidays.
Generally speaking, in order to get their homes sold in the fall, sellers are wise to get their home on the market by the second week of September for maximum visibility. For buyers, these next three weeks will tell you whether you'll have more to choose from in the remaining months of the year, or if pickings will continue to be slim.
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 8-25-2012:
| San Carlos Housing Data | 8-25-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
8 | 4 |
| Average Sold Price |
$1,209,750 | $1,248,750 (-3%) |
| Average $/Sq Foot (Sold) |
$589 | $591 |
| Sold Price vs Orig List (%) | 101% | 100% |
| Average DOM of Closed Sales | 22 | 40 |
| No. of Homes Pending Sale: | 33 | 37 |
| Inventory of Active Listings: |
28 | 26 (-7%) |
| Average Price of Active Listings: | $1,433,270 | $1,398,852 |
| Average DOM of Active Listings: | 55 | 54 |
| Average $/Sq Foot (List) | $587 | $598 |
| Active-Pending Ratio: |
0.8 : 1 | 0.7 : 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 |
|---|---|---|---|---|
| 6 Estates Court |
$1,775,000 | $1,775,000 | $0 (0%) |
85 |
| 159 Mesa Verde Way |
$1,652,000 | $1,749,000 | -$97,000 (-5.5%) |
31 |
| 333 Molton Avenue |
$1,220,000 | $1,220,000 | $0 (0%) |
0 |
| 41 Williams Lane |
$1,205,000 | $1,097,000 | +$108,000 (+9.8%) |
14 |
| 441 Clifton Avenue |
$1,105,000 | $1,198,000 | -$93,000 (-7.8%) |
16 |
| 3210 Brittan Avenue |
$1,001,000 | $899,000 | +$102,000 (+11.3%) |
10 |
| 2233 Howard Avenue |
$955,000 | $850,000 | +$105,000 (+12.4%) |
8 |
| 2388 Brittan Avenue |
$765,000 | $759,000 | +$6,000 (+0.8%) |
9 |
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 |
|---|---|---|
| 1036 Inverness Drive |
9 | $559,000 |
| 853 Cordilleras Avenue |
8 | $1,098,000 |
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 |
|---|---|---|---|---|
| 115 Dolton Avenue | $2,195,000 | 5BR/4.5BA | 3,673/13,630 | Peter Vece, Today Sothebys |
| 823 Cordilleras Avenue | $1,479,000 | 4BR/3.5BA | 2,611/7,990 | Amy Anderson, Intero |
| 212 Devonshire Boulevard | $1,200,000 | 4BR/2.5BA | 1,950/8,925 | Helen Cross, Coldwell Banker |
| 523 Hillcrest Road | $1,189,000 | 4BR/3BA | 2,011/4,940 | Jennifer Tasto, Property Services |
| 772 Tamarack Avenue | $699,999 | 3BR/1.5BA | 1,270/6,550 | Diane Wilson, 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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