The San Carlos Real Estate Week in Review: 4-20-13.
April 22, 2013
San Carlos Real Estate Summary.
Price per square foot is a topic that we'll address later this week on the blog. It's one of a few different ways to measure the relative affordability (or lack thereof) of housing in a particular area. Using this metric instead of average or median sales price sometimes makes more sense, because that it factors the size of the house out of the equation and provides you with a metric that can be compared to all homes in the area.
Ironically, the number that jumped out at me most in the data below is the price-per-square-foot of the homes that closed escrow this past week: $719/sq foot. As an average figure, this is pretty breathtaking when you consider that only a couple of years ago, the $600/foot threshold in San Carlos was really reserved for new construction or recently remodeled homes. Now, that milestone would be considered below average for any given week. More to follow on that topic later in the week.
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 4-20-2013:
| San Carlos Housing Data | 4-20-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
5 | 5 |
| Average Sold Price |
$1,266,255 | $1,253,200 |
| Average $/Sq Foot (Sold) |
$719 | $642 |
| Sold Price vs Orig List (%) | 111% | 110% |
| Average DOM of Closed Sales | 13 | 43 |
| No. of Homes Pending Sale: | 25 | 25 |
| Inventory of Active Listings: |
15 | 12 |
| Average Price of Active Listings: | $1,528,493 | $1,462,571 |
| Average DOM of Active Listings: | 13 | 11 |
| Average $/Sq Foot (List) | $638 | $608 |
| Active-Pending Ratio: |
0.6 : 1 | 0.56 : 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 |
|---|---|---|---|---|
| 3193 La Mesa Drive |
$1,488,000 | $1,388,000 | +$100,000 (+7.2%) |
11 |
| 124 Chestnut Street |
$1,465,000 | $1,178,000 | +$287,000 (+24.4%) |
8 |
| 200 Kelton Avenue |
$1,220,000 | $1,100,000 | +$120,000 (+10.9%) |
9 |
| 12 Gaylord Court |
$1,155,000 | $949,000 | +$206,000 (+21.7%) |
8 |
| 1335 Howard Avenue | $1,003,275 | $1,095,000 | -$91,725 (-8.4%) |
30 |
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 |
|---|---|---|
| 1517 School Street | 9 | $1,100,000 |
| 1512 Howard Avenue | 5 | $700,000 |
| 860 Bauer Drive | 10 | $949,000 |
| 370 Hill Way | 7 | $1,495,000 |
| 908 Leslie Court | 15 | $1,595,000 |
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 |
|---|---|---|---|---|
| 108 Dundee Lane | $1,495,000 | 4BR/3BA | 2,400/10,414 | Craig Smith, Intero |
| 955 Buckland Avenue | $1,495,000 | 4BR/3.5BA | 2,655/8,415 | Phil Waddingham, Intero |
| 1345 Oakhurst Avenue | $1,199,000 | 3BR/1.5BA | 1,500/6,500 | Liz Rhodes, Alain Pinel Reators |
| 1415 Alameda | $848,500 | 3BR/1BA | 1,180/5,500 | Bobbi Decker, Today Sothebys |
| 1989 Belle Avenue | $749,000 | 2BR/1BA | 1,200/5,858 | Maya Sewald, Coldwell Banker |
| 1055 Springfield Drive | $674,888 | 2BR/1BA | 820/5,000 | Dave Blewett, Intero |
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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