The San Carlos Real Estate Week in Review: 6-8-13.
June 9, 2013
San Carlos Real Estate Summary.
By San Carlos standards, there was a virtual tidal wave of new single-family home listings this past week, much to the joy of buyers and their agents alike. 17 homes made their debut this week, in what was easily the biggest listing week so far in 2013. But true to San Carlos form, a couple of them did not even make it to the first open house weekend, which serves as a constant reminder to San Carlos home buyers that expediency and staying on task is still vitally important in this market.
It will be very interesting to see if this latest surge in listings will alleviate a little bit of the upward pressure on a market, or if they will be quickly absorbed by the huge imbalance of buyers that have been looking all year long. If you are interested in keeping closer tabs than just this weekly summary, I also post the pending and sold homes every day on the White Oaks Blog Facebook page. If you don't already follow that page, you definitely should.
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 6-8-2013:
| San Carlos Housing Data | 6-8-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
8 | 6 |
| Average Sold Price |
$1,244,875 | $1,311,000 |
| Average $/Sq Foot (Sold) |
$736 | $707 |
| Sold Price vs Orig List (%) | 108% | 114% |
| Average DOM of Closed Sales | 7 | 9 |
| No. of Homes Pending Sale: | 34 | 34 |
| Inventory of Active Listings: |
29 | 17 |
| Average Price of Active Listings: | $1,362,240 | $1,258,118 |
| Average DOM of Active Listings: | 18 | 19 |
| Average $/Sq Foot (List) | $610 | $611 |
| Active-Pending Ratio: |
0.85 : 1 | 0.50 : 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:
39 Oak Creek Lane, 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 |
|---|---|---|---|---|
| 39 Oak Creek Lane | $3,200,000 | $3,199,000 | +$1,000 (+0%) |
9 |
| 1617 Belmont Avenue | $1,103,000 | $1,010,000 | +$93,000 (+9.2%) |
8 |
| 1729 Cedar Street | $1,075,000 | $949,000 | +$126,000 (+13.3%) |
0 |
| 1962 Brittan Avenue | $1,005,000 | $925,000 | +$80,000 (+8.6%) |
9 |
| 1558 Walnut Street | $1,000,000 | $910,000 | +$90,000 (+9.9%) |
1 |
| 2468 San Carlos Avenue | $861,000 | $685,000 | +$176,000 (+25.7%) |
9 |
| 1917 Howard Avenue | $850,000 | $700,000 | +$150,000 (+21.4%) |
7 |
| 1055 Springfield Drive | $705,000 | $674,888 | +$30,112 (+4.5%) |
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.
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 |
|---|---|---|
| 184 Wilshire Court | 11 | $1,269,000 |
| 1925 Howard Avenue | 6 | $968,000 |
| 10 Valley Road |
7 | $1,175,000 |
| 1641 Hull Drive | 4 | $929,000 |
| 511 De Anza Avenue |
5 | $1,898,000 |
| 1627 Chestnut Street |
9 | $1,399,000 |
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 |
|---|---|---|---|---|
| 242 Exeter Avenue | $2,198,000 | 5BR/4.5BA | 4,520/11,000 | John Dozier, Cupertino Properties |
| 195 Exeter Avenue | $1,999,000 | 5BR/6BA | 4,650/10,541 | Jim Tierney, NetEquity |
| 511 De Anza Avenue | $1,898,000 | 4BR/3.5BA | 2,600/11,424 | Johnny Heckenberg, EBroker |
| 850 Orange Avenue | $1,895,000 | 4BR/3.5BA | 3,080/5,500 | Peter Vece, Today Sothebys |
| 2226 Carmelita Drive | $1,799,000 | 3BR/3.5BA | 3,030/9,610 | Amy Anderson, Intero |
| 166 Fleetwood Drive | $1,495,000 | 3BR/2BA | 2,450/10,000 | Judy Lee, Coldwell Banker |
| 785 Buckland Avenue | $1,449,000 | 4BR/3BA | 2,400/10,736 | Justine Ford, Today Sothebys |
| 2036 Saint Francis Way | $1,195,000 | 3BR/2BA | 1,810/4,400 | Kevin Ames, Intero |
| 233 Devonshire Boulevard | $1,289,000 | 3BR/2BA | 1,960/5,700 | Jim Minkey, Today Sothebys |
| 372 Beverly Drive | $1,149,000 | 3BR/2.5BA | 1,970/9,660 | Michelle Glaubert, Coldwell Banker |
| 1016 Walnut Street | $1,035,000 | 3BR/2BA | 1,570/6,000 | Tatum Clarke, Intero |
| 1500 Cordilleras Avenue | $965,000 | 3BR/1BA | 1,250/6,160 | David Young, Coldwell Banker |
| 1641 Hull Drive | $929,000 | 3BR/1BA | 1,330/6,200 | Karon Knox, Prudential |
| 1383 Chestnut Street | $925,000 | 3BR/1BA | 1,120/6,940 | Michelle Dominge, Hometown Realty |
| 90 Bayport Court | $925,000 | 3BR/2.5BA | 1,660/5,544 | Greg Pierce, Intero |
| 131 Alberta Avenue | $879,000 | 3BR/2.5BA | 1,440/6,050 | Charles Fuery, Stanford Property |
| 275 Club Drive | $869,950 | 2BR/2BA | 1,390/22,000 | Maxine Dumas, Dumas & Company |
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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