The San Carlos Real Estate Week in Review: 7-6-13.

San Carlos Real Estate Summary.

As expected, it was a quiet week in the world of San Carlos real estate, at least when you compare it to the frenzy we've witnessed in the recent weeks.  The shortened week meant fewer listings and closed sales, but it did not keep those buyers who stayed in town from rolling up their sleeves and competing for some of the recent listings.  Six different homes went pending during the week, with several of them garnering multiple offers — and once again, they also fetched some eye-popping prices (which you'll see on this site as soon as they close.)

Now that one of the bigger summer vacation weeks is over, look for things to return to their normally hectic pace.   Inventory has once again dropped to the mid-teens, so there's not much for buyers to choose from until more listings become available.  This imbalance should keep the market on its toes throughout the entire summer.

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 7-6-2013:

San Carlos Housing Data	7-6-13	Prior Week
Closed Sales for the Week:	4	5
Average Sold Price	$1,305,000	$1,216,600
Average $/Sq Foot (Sold)	$772	$701
Sold Price vs Orig List (%)	109%	115%
Average DOM of Closed Sales	7	16
No. of Homes Pending Sale:	38	36
Inventory of Active Listings:	16	20
Average Price of Active Listings:	$1,449,087	$1,442,892
Average DOM of Active Listings:	36	27
Average $/Sq Foot (List)	$599	$618
Active-Pending Ratio:	0.42 : 1	0.55 : 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
1627 Chestnut Street	$1,500,000	$1,399,000	+$101,000 (+7.2%)	9
233 Devonshire Boulevard	$1,402,000	$1,289,000	+$113,000 (+8.8%)	7
372 Beverly Drive	$1,250,000	$1,149,000	+$60,050 (+8.8%)	7
1925 Howard Avenue	$1,068,000	$968,000	+$100,000 (+10.3%)	6

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
870 Cabot Court	13	$1,475,000
1039 Hewitt Drive	9	$1,399,888
1719 White Oak Way	8	$1,250,000
478 Emerald Avenue	9	$1,200,000
248 Edgehill Drive	22	$1,199,000
2015 Birch Avenue	7	$1,295,000

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
2421 San Carlos Avenue	$1,049,000	3BR/2BA	1,510/7,000	Miles McCormick, Keller Williams
1544 School Street	$1,029,950	3BR/2BA	1,820/6,500	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.

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