The San Carlos Real Estate Week in Review: 9-22-12.
September 24, 2012
San Carlos Real Estate Summary.
The numbers were down a bit this week as you can see from the statistics below. There were fewer new listings, pending sales, and closed escrows than what we've been seeing over the past few months. But this is in stark contrast to the activity that's still going on in the San Carlos real estate market. Open houses were packed yesterday, and there are still hordes of buyers looking for that right place. In a normal year, you probably wouldn't put your home on the market for the first time in October and definitely not in November — but this year, that wouldn't matter. The way things are going with demand vs inventory, you could list the home on December 24th, and it would still get the same traffic as it would right now.
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 9-22-2012:
| San Carlos Housing Data | 9-22-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
2 | 6 |
| Average Sold Price |
$661,250 | $1,101,667 (-40%) |
| Average $/Sq Foot (Sold) |
$642 | $641 |
| Sold Price vs Orig List (%) | 105% | 102% |
| Average DOM of Closed Sales | 8 | 23 |
| No. of Homes Pending Sale: | 31 | 28 |
| Inventory of Active Listings: |
31 | 31 (0%) |
| Average Price of Active Listings: | $1,502,452 | $1,530,062 |
| Average DOM of Active Listings: | 52 | 48 |
| Average $/Sq Foot (List) | $590 | $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, check out the San Carlos Open House List. With one click on the Open House sign below, 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 |
|---|---|---|---|---|
| 772 Tamarack Avenue |
$760,000 | $699,999 | +$60,001 (+8.6%) |
7 |
| 1036 Inverness Drive |
$562,500 | $559,000 | +$3,500 (+0.6%) |
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 |
|---|---|---|
| 359 Northam Avenue |
16 | $849,000 |
| 107 Northam Avenue |
12 | $1,150,000 |
| 1328 Pebble Drive |
18 | $1,669,000 |
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 |
|---|---|---|---|---|
| 625 Dartmouth Avenue | $1,149,000 | 4BR/2BA | 1,750/6,720 | Tim Earley, Coldwell Banker |
| 1376 Chestnut Street | $879,000 | 3BR/2BA | 1,440/4,560 | Amy Anderson, Intero |
| 1426 Cordilleras Avenue | $875,000 | 3BR/1.5BA | 1,240/4,400 | Maria Neal, Initio Realty |
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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