The San Carlos Real Estate Week in Review: 1-5-13.

San Carlos Real Estate Summary.

2013 is officially here, and it appears to be off to an active start.   There are quite a few closed sales in the report below, but most of them came in under the wire in 2012 just after the last weekly report was published.  Those will all be tabulated in the 2012 Year in Review post that will be on the site by tomorrow.

If you want an indication of how competitive the San Carlos real estate market is going to be in 2012, you only needed to stop by the open house at 868 Cordilleras Avenue this past weekend.   Parking was non-existent, and the open house was packed with wall-to-wall people the entire weekend.   That's the benefit of being the only new listing in a severely unbalanced market.  If you're indecisive about putting your home on the market in January, that should be all the guidance you need.

Here are the numbers from last 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 1-5-2013:

San Carlos Housing Data	1-5-13	Prior Week
Closed Sales for the Week:	7	0
Average Sold Price	$1,485,841	$0 (+%)
Average $/Sq Foot (Sold)	$542	$0
Sold Price vs Orig List (%)	89%	0%
Average DOM of Closed Sales	46	NA
No. of Homes Pending Sale:	11	16
Inventory of Active Listings:	11	12 (-8.3%)
Average Price of Active Listings:	$1,699,100	$1,863,329
Average DOM of Active Listings:	123	119
Average $/Sq Foot (List)	$554	$549
Active-Pending Ratio:	1 : 1	0.75 : 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
5 Coronado Avenue	$4,500,000	$5,800,000	-$1,300,000 (-22.4%)	180
3231 Brittan Avenue	$1,150,888	$1,099,900	+$50,998 (+4.6%)	13
1865 Carmelita Drive	$1,125,000	$1,349,000	-$224,000 (-16.6%)	56
2430 Eaton Avenue	$1,095,000	$1,095,000	$0 (0%)	8
511 Hillcrest Road	$920,000	$895,000	+$25,000 (+2.8%)	14
1409 Cordilleras Avenue	$875,000	$775,000	+$100,000 (+12.9%)	9
2432 San Carlos Avenue	$735,000	$699,950	+$95,050 (+13.6%)	44

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.

___________________________________________________________________

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
3 Gaylord Court	26	$899,950

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.

___________________________________________________________________

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
868 Cordilleras Avenue	$925,000	4BR/2BA	1,980/7,425	Donna Black, 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.

 

___________________________________________________________________