The San Carlos Real Estate Week in Review: 3-16-13.

March 17, 2013

San Carlos Real Estate Summary.

If you take good look at the section below titled “Single-Family Homes Sold in San Carlos”, you'll see the kind of hard evidence that has defined the upswing in homes prices that we've experienced in San Carlos so far in 2013.  The 9 homes that closed escrow this week sold at a price that averaged 8% above the asking price, with one of them fetching a whopping 26% over list.  That's a perfect snap shot of the housing market that we're living in right now.

There was a solid showing this past week for new listings, with 7 homes making their debut on the market. But with nearly the same number going into contract, the inventory of homes for sale still sits at a paltry 13 at the time of this post.

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 3-16-2013:

San Carlos Housing Data 3-16-13 Prior Week
Closed Sales for the Week:
9 4
Average Sold Price
$1,208,444 $1,614,750 (-25%)
Average $/Sq Foot (Sold)
$653 $739
Sold Price vs Orig List (%) 108% 107%
Average DOM of Closed Sales 40 11
No. of Homes Pending Sale: 20 25
Inventory of Active Listings:
13 12 (+8%)
Average Price of Active Listings: $1,536,068 $1,469,072
Average DOM of Active Listings: 28 31
Average $/Sq Foot (List) $616 $602
Active-Pending Ratio:
0.65 : 1 0.48 : 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
2996 Eaton Avenue
$2,450,000 $2,552,000 -$102,000 (-4.0%)
144
355 Hill Way
$1,450,000 $1,195,000 +$255,000 (+21.3%)
13
344 Oakview Drive
$1,295,000 $1,150,000 +$145,000 (+12.6%)
10
429 Sycamore Street
$1,150,000 $1,110,000 +$40,000 (+3.6%)
14
278 Vine Street
$1,100,000 $989,000 +$111,000 (+11.2%)
8
108 Ruby Avenue
$952,000 $899,000 +$53,000 (+5.9%)
10
539 Hillcrest Road
$909,000 $799,000 +$110,000 (+13.8%)
9
959 Alameda
$820,000 $650,000 +$170,000 (+26.2%)
8
398 Cedar Street
$750,000 $699,000 +$51,000 (+7.3%)
148

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
201 Alberta Avenue 9 $1,649,000
239 Ruby Avenue 10 $1,050,000
218 Manor Drive 15 $1,295,000
109 Ruby Avenue 7 $899,000
328 De Anza Avenue 16 $1,034,900

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
772 Knoll Drive $1,995,000 4BR/3.5BA 2,160/11,200 Joe Bentley, Alain Pinel Realtors
72 Coronado Avenue $1,649,000 5BR/3BA 3,390/19,610 Lee Browner, Luxury Properties
2615 Graceland Avenue $1,595,000 4BR/3.5BA 2,710/9,800 Janet Davis, Hometown Realty
199 Sycamore Street $1,225,000 3BR/3BA 2,490/7,560 Michelle Glaubert, Coldwell Banker
124 Chestnut Street $1,178,000 3BR/3BA 1,787/5,500 Linda Murphy, Alain Pinel Realtors
200 Kelton Avenue $1,100,000 3BR/2BA 1,600/6,000 Margaret Barton, Mansell & Co.
1817 Brittan Avenue $995,000 3BR/2.5BA 1,700/6,780 Mary Abolomuki, 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.

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