The San Carlos Real Estate Week in Review: 6-22-13.
June 24, 2013
San Carlos Real Estate Summary.
The topic of the this past week was definitely interest rates. Many lenders bumped up their 15 and 30-year fixed rates by anywhere from .25 to .5, which definitely caught the attention of home buyers who have not wrapped up a home purchase yet. This should not come as a surprise to anyone, since it's been known for quite some time that rates are not going to remain at rock bottom levels forever. It should not be a cause for panic, either, since even with this slight upward tick rates are incredibly low in comparison to the decade-long average. And there's nothing preventing the rates from easing back downward again. The economy in the rest of the country is not doing nearly as well as we are here in the San Francisco Bay Area.
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 6-22-2013:
| San Carlos Housing Data | 6-22-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
12 | 7 |
| Average Sold Price |
$1,218,445 | $1,483,429 |
| Average $/Sq Foot (Sold) |
$675 | $613 |
| Sold Price vs Orig List (%) | 114% | 98% |
| Average DOM of Closed Sales | 13 | 11 |
| No. of Homes Pending Sale: | 33 | 39 |
| Inventory of Active Listings: |
18 | 22 |
| Average Price of Active Listings: | $1,503,667 | $1,438,143 |
| Average DOM of Active Listings: | 29 | 23 |
| Average $/Sq Foot (List) | $602 | $605 |
| Active-Pending Ratio: |
0.55 : 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.
| Address | Sold Price | Orig. List | Difference | DOM |
|---|---|---|---|---|
| 995 Crestview Drive | $1,500,000 | $1,348,500 | +$151,500 (+11.2%) |
12 |
| 85 Wessex Way | $1,450,000 | $1,399,000 | +$51,000 (+3.6%) |
12 |
| 184 Wilshire Court | $1,405,000 | $1,269,000 | +$136,000 (+10.7%) |
11 |
| 226 Sycamore Street | $1,400,000 | $1,185,000 | +$215,000 (+!8.1%) |
7 |
| 2270 Carmelita Drive | $1,310,000 | $978,888 | +$331,112 (+33.8%) |
14 |
| 1341 Central Avenue | $1,281,341 | $1,078,000 | +$203,341 (+18.9%) |
11 |
| 2647 San Carlos Avenue | $1,210,000 | $975,000 | +$235,000 (+24.1%) |
11 |
| 440 Erlin Drive | $1,190,000 | $1,200,000 | -$10,000 (-0.8%) |
27 |
| 1308 Rosewood Avenue | $1,105,000 | $899,000 | +$206,000 (+22.9%) |
9 |
| 31 Willow Glen Way | $975,000 | $849,000 | +$126,000 (+14.8%) |
12 |
| 2763 San Carlos Avenue | $950,000 | $888,000 | +$62,000 (+7.0%) |
15 |
| 2180 Brittan Avenue | $845,000 | $803,000 | +$42,000 (+5.2%) |
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.
| Address | DOM (days) | List Price |
|---|---|---|
| 1016 Walnut Street | 16 | $1,035,000 |
| 1265 Eaton Avenue | 4 | $1,255,000 |
| 166 Fleetwood Drive | 11 | $1,495,000 |
| 1180 Alameda | 41 | $1,189,000 |
| 2226 Carmelita Drive | 12 | $1,799,000 |
| 850 Orange Avenue | 13 | $1,895,000 |
| 381 Dartmouth Drive | 58 | $998,000 |
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.
| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
|---|---|---|---|---|
| 108 Wildwood Avenue | $2,098,000 | 4BR/2.5BA | 3,000/8,850 | Rachel Di Napoli Hardyck, Alain Pinel Realtors |
| 870 Cabot Court | $1,475,000 | 3BR/2.5BA | 2,430/16,553 | Sima Zokaei, Keller Williams |
| 2648 Graceland Avenue | $1,255,000 | 3BR/4BA | 2,480/33,375 | Claudia Byrnes, Keller Williams |
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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