The San Carlos Real Estate Week in Review: 3-2-13.

San Carlos Real Estate Summary.

The good news is that the inventory of homes for sale in San Carlos rose by a whopping 63% this past week.  That bad news is that we only started off with 8 listings at the beginning of the week.  So the end result is that there's still not nearly enough homes to choose from in San Carlos.   What's interesting from the numbers this week is that we're starting to see firm evidence of the abrupt increase in home prices in San Carlos.  There are two metrics this week that vividly demonstrate this:  The price per square foot jumped to a whopping $669/sq foot for homes that closed escrow this week, and they also fetched 11% above the asking price, on average.  I believe we'll continue to see much more of this type of performance in the coming weeks.

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 3-2-2013:

San Carlos Housing Data	3-2-13	Prior Week
Closed Sales for the Week:	4	2
Average Sold Price	$1,312,839	$937,500 (+40%)
Average $/Sq Foot (Sold)	$669	$475
Sold Price vs Orig List (%)	111%	101%
Average DOM of Closed Sales	9	25
No. of Homes Pending Sale:	24	25
Inventory of Active Listings:	13	8 (+63%)
Average Price of Active Listings:	$1,475,676	$1,528,299
Average DOM of Active Listings:	25	22
Average $/Sq Foot (List)	$626	$596
Active-Pending Ratio:	0.54 : 1	0.32 : 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
1400 Eaton Avenue	$1,425,000	$1,325,000	+$100,000 (+7.5%)	7
2096 Birch Avenue	$1,375,000	$1,285,000	+$90,000 (+7.0%)	6
1364 Crestview Drive	$1,350,000	$1,188,888	+$161,112 (+13.6%)	11
1355 Central Avenue	$1,101,355	$950,000	+$151,355 (+15.9%)	13

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.)

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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
8 Sudan Lane	27	$2,495,000
990 McCue Avenue	8	$699,000
2555 Eaton Avenue	15	$1,479,500

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.)

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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
28 Oak Creek Lane	$2,950,000	4BR/4BA	3,880/11,674	James Shin, Intero
201 Alberta Avenue	$1,649,000	4BR/3BA	2,850/6,555	Stephen Hicks, Gateway Properties
218 Manor Drive	$1,295,000	3BR/3BA	2,010/5,500	Jim Spirakis, Keller Williams
999 Orange Avenue	$1,179,000	3BR/2BA	1,780/5,500	Justine Ford, Today Sothebys
239 Ruby Avenue	$1,050,000	3BR/2BA	1,520/4,400	Norine Higgins, Today Sothebys
328 De Anza Avenue	$1,034,900	4BR/3BA	2,170/5,900	Jessica Eva, Today Sothebys
2663 Thornhill Drive	$775,000	2BR/1BA	1,120/5,650	Louis Trujillo, Heaven ‘N Earth Realty

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.)

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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
—	$–	$–	+(%)	—

(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)

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Condo/Townhouse Pending Sales in San Carlos

The following condos/townhouses are now pending sale:

Address	DOM (days)
775 Chestnut Street #21	10
3299 La Mesa Drive #2	6
16 Buttercup Lane	18

(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)

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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
416 Portofino Drive #206	$599,000	2BR/2.5BA	1,320	Jean Tsui, Broker

(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)

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(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

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