The San Carlos Real Estate Week in Review: 9-1-12.
September 2, 2012
San Carlos Real Estate Summary.
It was a BIG first week for the fall real estate market in San Carlos in several respects. First, there was a much-needed surge in inventory with 9 new homes being added to the list, and there looks to be more on the way in the coming weeks. And two of the three highest priced listings in San Carlos went into contract in the same week: 5 Coronado Avenue ($5.2M) and 109 Kings Court ($2.7M) are now both pending sale. And finally, 2826 Brittan Avenue posted its closed sale number of $2.3M.
All of that made for an uncharacteristically busy week in the upper price range for San Carlos, and it sets the stage for a strong last 1/3 of year in the San Carlos real estate market.
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 9-1-2012:
| San Carlos Housing Data | 9-1-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
10 | 8 |
| Average Sold Price |
$1,373,200 | $1,209,750 (+14%) |
| Average $/Sq Foot (Sold) |
$562 | $589 |
| Sold Price vs Orig List (%) | 100% | 101% |
| Average DOM of Closed Sales | 19 | 22 |
| No. of Homes Pending Sale: | 27 | 33 |
| Inventory of Active Listings: |
34 | 28 (+21%) |
| Average Price of Active Listings: | $1,334,976 | $1,433,270 |
| Average DOM of Active Listings: | 50 | 55 |
| Average $/Sq Foot (List) | $587 | $597 |
| Active-Pending Ratio: |
1.3 : 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 |
|---|---|---|---|---|
| 2826 Brittan Avenue |
$2,300,000 | $2,549,000 | -$249,000 (-9.8%) |
66 |
| 2360 Howard Avenue |
$1,803,000 | $1,695,000 | +$108,000 (+6.4%) |
5 |
| 111 Beverly Drive |
$1,660,000 | $1,895,000 | -$230,000 (-12.4%) |
55 |
| 206 Devonshire Boulevard |
$1,645,000 | $1,595,000 | +$50,000 (+3.1%) |
6 |
| 140 Molton Avenue |
$1,410,000 | $1,249,950 | +$160,050 (+12.8%) |
10 |
| 200 Edgehill Drive |
$1,400,000 | $1,350,000 | +$50,000 (+3.7%) |
1 |
| 444 Hillcrest Road |
$1,150,000 | $1,125,000 | +$25,000 (+2.2%) |
17 |
| 1407 Cedar Street |
$810,000 | $835,000 | -$25,000 (-3.0%) |
12 |
| 383 Ashford Avenue |
$798,000 | $798,000 | $0 (0%) |
10 |
| 1148 Cedar Street |
$756,000 | $649,950 | +$106,050 (+16.3%) |
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 |
|---|---|---|
| 1 Coleman Court |
9 | $1,595,000 |
| 5 Coronado Avenue |
180 | $5,200,000 |
| 772 Tamarack Avenue |
7 | $699,999 |
| 109 Kings Court |
92 | $2,699,000 |
| 268 Crestview Drive |
14 | $999,000 |
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 |
|---|---|---|---|---|
| 121 Northam Avenue | $1,874,000 | 5BR/3.5BA | 3,420/13,630 | Chuck Gillooley, Alain Pinel Realtors |
| 146 Windsor Drive | $1,400,000 | 5BR/4.5BA | 2,900/17,550 | Tony Gabb, RE/MAX |
| 2730 Debbie Court | $1,279,000 | 4BR/2.5BA | 2,200/6,000 | Judith Litteer, Better Homes |
| 1088 Hewitt Drive | $1,248,000 | 4BR/3BA | 1,980/10,800 | Shirley Krause, Intero |
| 127 Rockridge Road | $989,000 | 3BR/2BA | 1,530/6,400 | Peter Spirakis , Keller Williams |
| 74 Vine Street | $949,900 | 4BR/2.5BA | 1,670/7,750 | John Lee, MRL Group |
| 631 Wellington Drive | $899,000 | 4BR/2.5BA | 1,930/7,000 | Justine Ford, Today Sothebys |
| 359 Northam Avenue | $849,000 | 3BR/2BA | 1,240/7,000 | David Young, Coldwell Banker |
| 1007 Sylvan Drive | $739,000 | 3BR/2BA | 1,390/5,000 | Peter Tao, 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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