The San Carlos Real Estate Week in Review: 2-23-13.
February 25, 2013
San Carlos Real Estate Summary.
What started out as an already challenging week for home buyers in San Carlos turned out to be one sheer impossibility as the numbers tilted even more in favor of home sellers. Over the course of the past seven days, 7 homes went into contract with only 2 new listings to counter-balance the depletion to the inventory. This resulted in a precipitous drop of 38% in the number of homes for sale in San Carlos, which means we'll start the week off with a grand total of 8 single-family homes for sale in the entire city.
These numbers are unprecedented, and border on being nonsensical. With a single digit inventory, and an active/pending ratio of 0.32 (2 or above is considered to be normal), and some of the eye-popping prices that homes are fetching, it's enough to put some frustrated buyers back on the sidelines to wait for more favorable conditions.
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 2-23-2013:
|San Carlos Housing Data||2-23-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||101%||111%|
|Average DOM of Closed Sales||25||10|
|No. of Homes Pending Sale:||25||23|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,528,299||$1,256,953
|Average DOM of Active Listings:||22||14|
|Average $/Sq Foot (List)||$596||$607|
||0.32 : 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.
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|
|407 Wellington Drive
|2435 Eaton Avenue
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.
(Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos in the past 3 months.)
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|
|108 Ruby Avenue||10||$899,000|
|1124 Orange Avenue||11||$1,095,000|
|1020 Springfield Drive||12||$559,000|
|539 Hillcrest Avenue||9||$799,000|
|147 Leslie Drive||14||$1,385,000|
|1035 Riverton Drive||7||$675,000|
|1355 Central Avenue||13||$950,000|
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.
(Click the “Homes Pending Sale” sign below to see ALL the homes that are Pending Sale in San Carlos.)
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|
|1030 Sunset Drive||$1,549,000||4BR/3.5BA||2,840/7,497||Phil Waddingham, Intero|
|990 McCue Avenue||$699,000||2BR/1BA||1,030/5,200||Bryce Cook, 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.
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that sold this past week. Click on the address for all of the details:
|Address||Sold Price||Orig. List||Difference||DOM|
|3295 La Mesa Drive #3
||$356,000||$299,000|| +$57,000 (+19.1%)
(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)
Condo/Townhouse Pending Sales in San Carlos
The following condos/townhouses are now pending sale:
|633 Elm Street #118
|3324 Brittan Avenue #6
|1701 San Carlos Avenue #2
(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)
New Condo/Townhouse Listings in San Carlos:
The following condo/townhouses listed this past week. Click on the address or MLS # or all the details:
|Address||List Price||BR/BA||Sq Feet||Listed By|
|3299 La Mesa Drive
||$360,000||1BR/1BA||741||Henry Pessah, Real Estate EBroker|
(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)
Want Your Info Sooner?
(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)