The San Carlos Real Estate Week in Review: 2-16-13.
February 20, 2013
San Carlos Real Estate Summary.
Sorry for the delay in getting the report out this past week. If you need hard evidence that home prices are rising in San Carlos, just take a peek at the sold numbers below. For the homes that closed escrow this week, they fetched an average of 11% over the asking price, led by the stratospheric performance of 148 Chestnut Street, which sold for a whopping 30% over its asking price. And there are more eye-popping sales that will be registered in the coming weeks. This means that buyers are really having to dig deep to land their home in this ultra-competitive seller's market. And with only about 11 homes to choose from in the entire city of San Carlos, it's going to remain this way for the foreseeable future.
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 2-16-2013:
| San Carlos Housing Data | 2-16-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
5 | 2 |
| Average Sold Price |
$1,047,841 | $1,020,500 (+2.7%) |
| Average $/Sq Foot (Sold) |
$654 | $613 |
| Sold Price vs Orig List (%) | 111% | 109% |
| Average DOM of Closed Sales | 10 | 14 |
| No. of Homes Pending Sale: | 23 | 20 |
| Inventory of Active Listings: |
13 | 16 (+44%) |
| Average Price of Active Listings: | $1,256,953 | $1,302,493 |
| Average DOM of Active Listings: | 14 | 10 |
| Average $/Sq Foot (List) | $607 | $617 |
| Active-Pending Ratio: |
0.6 : 1 | 0.6 : 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.
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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 |
|---|---|---|---|---|
| 148 Chestnut Street |
$1,301,000 | $999,000 | +$302,000 (+30.2%) |
7 |
| 107 Alberta Avenue |
$1,205,205 | $1,149,950 | +$55,255 (+4.8%) |
9 |
| 1439 Cordilleras Avenue |
1,053,000 | $959,000 | +$94,000 (+9.8%) |
8 |
| 95 Hilltop Drive |
860,000 | $849,000 | +$11,000 (+1.3%) |
18 |
| 1400 Alameda |
820,000 | $775,000 | +$45,000 (+5.8%) |
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 |
|---|---|---|
| 344 Oakview Drive | 10 | $1,150,000 |
| 355 Hill Way | 13 | $1,195,000 |
| 256 Devonshire Boulevard | 9 | $3,100,000 |
| 2049 Brittan Avenue | 14 | $689,000 |
| 959 Alameda | 8 | $650,000 |
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 |
|---|---|---|---|---|
| 207 Edgehill Drive | $1,888,888 | 5BR/4BA | 3,090/11,500 | Susan Baltzer, Bay Area Independent |
| 2555 Eaton Avenue | $1,479,500 | 4BR/2.5BA | 2,490/7,625 | Jerry Girouard, Girouard Properties |
| 1335 Howard Avenue | $1,095,000 | 4BR/2BA | 1,740/5,280 | Bob Bredel, Today Sothebys |
| 1355 Central Avenue | $950,000 | 3BR/1.5BA | 1,740/6,930 | Frankie Eakes, Marin Realty Group |
| 539 Hillcrest Road | $799,000 | 3BR/2BA | 1,360/5,800 | Trish Ward, Intero |
| 1035 Riverton Drive | $675,000 | 2BR/1BA | 1,060/5,000 | Bob Bredel, Today Sothebys |
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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