The San Carlos Real Estate Week in Review: 4-13-13.

April 15, 2013

San Carlos Real Estate Summary.

There was nothing but green ink in the “Single Family Homes Sold in San Carlos” section of the report this week.  All 5 homes that closed escrow did so at prices that averaged 10% over the asking price.    This shouldn't really be a surprise, since virtually every listing that has sold in the past few months has done so with multiple aggressive offers.  Of the 14 active listings that remain, at least 4 of them have offer dates for this week.  So unless we continue to get new listings to sell, the inventory is going to remain in the low-teens (or perhaps the single digits) for yet another week.  If you're thinking of selling your home and catching the spring market, now is the time.

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 4-13-2013:

San Carlos Housing Data 4-13-13 Prior Week
Closed Sales for the Week:
5 6
Average Sold Price
$1,253,200 $1,157,000
Average $/Sq Foot (Sold)
$642 $651
Sold Price vs Orig List (%) 110% 105%
Average DOM of Closed Sales 43 25
No. of Homes Pending Sale: 25 25
Inventory of Active Listings:
14 12 (+%)
Average Price of Active Listings: $1,462,571 $1,347,333
Average DOM of Active Listings: 11 9
Average $/Sq Foot (List) $608 $637
Active-Pending Ratio:
0.56 : 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
201 Alberta Avenue
$1,760,000 $1,649,000 +$111,000 (+6.7%)
9
199 Sycamore Street
$1,459,000 $1,225,000 +$234,000 (+19.1%)
9
211 Alberta Avenue
$1,450,000 $1,359,000 +$91,000 (+6.7%)
0
109 Ruby Avenue $977,000 $899,000 +$78,000 (+8.7%)
7
1020 Springfield Drive
$620,000 $559,000 +$61,000 (+10.9%)
12

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
3193 La Mesa Drive 11 $1,388,000
120 Rogers Avenue 19 $1,329,000
2324 San Carlos Avenue 3 $948,000

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
75 Hartford Avenue $2,477,000 5BR/3.5BA 4,490/17,200 Justine Ford, Today Sothebys
29 Kirkwood Way $1,799,000 5BR/3.5BA 3,800/8,300 Steven Wang, CA Golden Properties
370 Hill Way $1,495,000 4BR/3BA 2,585/5,450 Pamela Page, Alain Pinel Reators
57 Chilton Avenue $1,149,000 5BR/2BA 2,130/7,140 Rebecca Husted, Better Homes
130 Barford Avenue $1,098,000 3BR/3.5BA 2,100/6,400 Julie Vejmola, Coldwell Banker
1512 Howard Avenue $700,000 2BR/1BA 1,060/5,000 Tony Gabb, RE/MAX

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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