The San Carlos Real Estate Week in Review: 6-1-13.
June 2, 2013
San Carlos Real Estate Summary.
Although it was a relatively small sample size at only 6 closed sales, it was still an eye-opener to see that the sales price for these 6 listings commanded a 14% premium on average over the asking price. Four of the six fetched $200,000 or more over their asking price, or an upside of 17-20%. Buying activity continues to be brisk, with 8 more homes going into contract over the past week. And open houses reported crushing crowds over the weekend.
Even with a significant correction in the stock market at the end of the week, it doesn't seem that anything can curb the enthusiasm and momentum of the real estate market in San Carlos right now. It's an amazing thing to see.
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 6-1-2013:
| San Carlos Housing Data | 6-1-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
6 | 12 |
| Average Sold Price |
$1,311,000 | $1,300,875 |
| Average $/Sq Foot (Sold) |
$707 | $671 |
| Sold Price vs Orig List (%) | 114% | 107% |
| Average DOM of Closed Sales | 9 | 12 |
| No. of Homes Pending Sale: | 34 | 32 |
| Inventory of Active Listings: |
17 | 19 |
| Average Price of Active Listings: | $1,258,118 | $1,268,047 |
| Average DOM of Active Listings: | 19 | 28 |
| Average $/Sq Foot (List) | $611 | $612 |
| Active-Pending Ratio: |
0.50 : 1 | 0.59 : 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 |
|---|---|---|---|---|
| 1090 Crestview Drive | $1,855,000 | $1,549,000 | +$306,000 (+19.8%) |
10 |
| 248 Crestview Drive | $1,410,000 | $1,199,000 | +$211,000 (+17.6%) |
10 |
| 1517 School Street | $1,301,000 | $1,100,000 | +$201,000 (+18.3%) |
9 |
| 909 Heather Drive | $1,280,000 | $1,065,000 | +$215,000 (+20.2%) |
14 |
| 248 Devonshire Boulevard | $1,090,000 | $1,099,000 | -$9,000 (-0.8%) |
7 |
| 50 Hilltop Drive | $930,000 | $889,000 | +$41,000 (+4.6%) |
2 |
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 to see more details:
| Address | DOM (days) | List Price |
|---|---|---|
| 469 Wellington Drive | 28 | $999,950 |
| 440 Erlin Drive | 27 | $1,200,000 |
| 1009 Holly Street |
25 | $599,950 |
| 108 Aster Road | 9 | $1,478,000 |
| 1308 Rosewood Avenue |
9 | $899,000 |
| 2270 Carmelita Drive |
14 | $978,888 |
| 309 Old County Road |
15 | $699,950 |
| 142 Exbourne Avenue |
10 | $989,000 |
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.
(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 |
|---|---|---|---|---|
| 883 Cedar Street | $1,699,000 | 4BR/3.5BA | 2,590/6,600 | Charles Norman, Woodside Realty |
| 1627 Chestnut Street | $1,399,000 | 3BR/2BA | 1,870/5,650 | Leila Sisneros, Today Sothebys |
| 10 Valley Road | $1,175,000 | 4BR/3BA | 1,810/6,344 | Bob Bredel, Today Sothebys |
| 1341 Central Avenue | $1,078,000 | 3BR/2BA | 1,750/8,000 | Sylvia Martinelli, Realty World |
| 744 Tamarack Avenue | $998,000 | 2BR/2BA | 1,707/6,050 | Carrie Du Bois, Coldwell Banker |
| 140 Hillcrest Road | $975,000 | 3BR/2BA | 1,530/12,350 | Tomoko Streets, Vabrato |
| 1925 Howard Avenue | $968,000 | 3BR/1BA | 1,140/4,560 | Bonnie Childs, Today Sothebys |
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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