The San Carlos Real Estate Week in Review: 4-27-13.
April 29, 2013
San Carlos Real Estate Summary.
Buyers were certainly busy this past week in San Carlos. 10 homes went into contract over the past 7 days, leaving us once again with a paltry inventory level heading into the new week. In fact, the ratio of active/pending is so absurdly low this week that it's almost comical. As I've stated before, in a normal market, you'd expect that ratio to be at least 2.0 – 3.0….i.e. 2-3 times as many homes for sale as the number that are pending sale. This week it sits at 0.34!! It almost defies logic to have that number sitting below 1 for as long as it has been. But that's the market we are in right now, and there doesn't seem to be any indication that it's changing any time soon.
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 4-27-2013:
| San Carlos Housing Data | 4-27-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
5 | 5 |
| Average Sold Price |
$1,395,667 | $1,2266,255 |
| Average $/Sq Foot (Sold) |
$783 | $719 |
| Sold Price vs Orig List (%) | 111% | 111% |
| Average DOM of Closed Sales | 30 | 13 |
| No. of Homes Pending Sale: | 32 | 25 |
| Inventory of Active Listings: |
11 | 15 |
| Average Price of Active Listings: | $1,381,985 | $1,528,493 |
| Average DOM of Active Listings: | 16 | 13 |
| Average $/Sq Foot (List) | $579 | $638 |
| Active-Pending Ratio: |
0.34 : 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.
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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 |
|---|---|---|---|---|
| 1021 Elm Street | $1,800,000 | $1,800,000 | $0 (0%) |
0 |
| 249 Highland Avenue | $1,689,000 | $1,698,000 | -$9,000 (-0.5%) |
155 |
| 1309 Elm Street | $1,350,000 | $1,220,000 | +$130,000 (10.7%) |
4 |
| 860 Bauer Drive | $1,285,000 | $949,000 | +$336,000 (35.4%) |
10 |
| 1311 Geneva Avenue | $1,260,000 | $1,099,000 | +$161,000 (+14.6%) |
0 |
| 1071 Lupin Way | $990,000 | $799,000 | +$191,000 (+23.9%) |
10 |
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 |
|---|---|---|
| 1004 Sylvan Drive | 23 | $700,000 |
| 431 De Anza Avenue | 18 | $1,299,000 |
| 1989 Belle Avenue | 4 | $749,000 |
| 1415 Alameda | 10 | $848,500 |
| 955 Buckland Avenue | 7 | $1,495,000 |
| 39 Oak Creek Lane | 9 | $3,199,000 |
| 1345 Oakhurst Avenue | 6 | $1,199,000 |
| 108 Dundee Lane | 11 | $1,495,000 |
| 130 Barford Avenue | 14 | $1,098,000 |
| 29 Kirkwood Way | 18 | $1,799,000 |
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 |
|---|---|---|---|---|
| 1090 Crestview Drive | $1,549,000 | 4BR/3BA | 2,400/10,414 | Val Vandervort, Keller Williams |
| 248 Crestview Drive | $1,199,000 | 3BR/2.5BA | 2,210/8,480 | J.F. Lue, Alain Pinel Realtors |
| 469 Wellington Drive | $999,950 | 3BR/2.5BA | 1,590/8,800 | Jim Somers, Sequoia Realty |
| 381 Dartmouth Avenue | $998,000 | 4BR/2.5BA | 2,240/7,140 | Richard Creason, Coldwell Banker |
| 17 Cranfield Avenue | $725,000 | 2BR/1BA | 1,390/8,161 | Joe Pollifrone, Sereno Group |
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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