The San Carlos Real Estate Week in Review: 7-27-13.
July 29, 2013
San Carlos Real Estate Summary.
Some very big numbers popped up in this week's review. The first is the number of active listings in San Carlos: 31. This is the first time in many months that the number of homes has climbed above the 30 mark. It may not stay there for very long, but it's a welcome break for weary home buyers who have been battling over precious few listings. This surge in new listings pushed the active/pending ratio above 1.0 for the first time in many months as well.
The third number that jumped out this week was the sold price/list price ratio of 118% , which was the highest recorded in the Week in Review so far this year. This was driven primarily by the eye-popping 39% over the asking price that was paid for 275 Club Drive, and shows that there still is plenty of strength in this market.
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 7-27-2013:
| San Carlos Housing Data | 7-27-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
10 | 9 |
| Average Sold Price |
$1,445,800 | $1,281,778 |
| Average $/Sq Foot (Sold) |
$700 | $669 |
| Sold Price vs Orig List (%) | 118% | 107% |
| Average DOM of Closed Sales | 13 | 20 |
| No. of Homes Pending Sale: | 25 | 31 |
| Inventory of Active Listings: |
31 | 24 |
| Average Price of Active Listings: | $1,417,251 | $1,439,283 |
| Average DOM of Active Listings: | 27 | 30 |
| Average $/Sq Foot (List) | $617 | $617 |
| Active-Pending Ratio: |
1.2 : 1 | 0.77 : 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 |
|---|---|---|---|---|
| 1961 Belle Avenue | $2,250,000 | $2,250,000 | $0 (0%) |
13 |
| 511 De Anza Avenue | $2,050,000 | $1,898,000 | +$152,000(+8.0%) |
5 |
| 785 Buckland Avenue | $1,675,000 | $1,499,000 | +$176,000 (+11.7%) |
7 |
| 166 Fleetwood Drive | $1,575,000 | $1,495,000 | +80,000 (+5.4%) |
11 |
| 255 Beverly Drive | $1,499,000 | $1,499,000 | $0 (0%) |
57 |
| 2230 Eaton Avenue | $1,300,000 | $1,195,000 | +$105,000 (+8.8%) |
4 |
| 275 Club Drive | $1,210,000 | $869,950 | +$340,050 (+39.1%) |
7 |
| 430 Erlin Drive | $1,070,000 | $999,000 | +$71,000 (+7.1%) |
10 |
| 501 Chestnut Street | $1,111,000 | $979,000 | +$132,000 (+13.5%) |
9 |
| 1027 Sylvan Drive | $718,000 | $679,000 | +$39,000 (+5.7%) |
8 |
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 |
|---|---|---|
| 242 Park Avenue | 12 | $899,000 |
| 1544 School Street | 18 | $1,025,950 |
| 1324 Oakhurst Avenue | 3 | $1,349,000 |
| 248 Devonshire Boulevard | 5 | $1,265,000 |
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 |
|---|---|---|---|---|
| 27 Madera Avenue | $2,599,000 | 4BR/4.5BA | 5,385/9,000 | Jaime Barrett Vigil, Alain Pinel Realtors |
| 59 Hilltop Drive | $1,650,000 | 5BR/4BA | 3,100/12,800 | John Sieling, Today Sothebys |
| 3145 La Mesa Drive | $1,399,000 | 4BR/2BA | 1,900/8,906 | Stanley Lo, Green Banker |
| 1324 Oakhurst Avenue | $1,349,000 | 3BR/2BA | 1,290/9,750 | Hammer/Riggs, Coldwell Banker |
| 248 Devonshire Boulevard | $1,265,000 | 3BR/2BA | 1,600/6,710 | Gina Henson, Sequoia Realty |
| 2813 Brittan Avenue | $1,049,000 | 3BR/2BA | 2,100/11,570 | J.D. Anagnostou, Coldwell Banker |
| 1414 Cordilleras Avenue | $995,000 | 3BR/1BA | 1,250/6,450 | Alex Lehr, Lehr Real Estate |
| 1374 Alameda | $958,000 | 4BR/3BA | 2,000/5,500 | Paul Beaudreau, Gilmartin Group |
| 237 Alberta Avenue | $929,000 | 3BR/1.5BA | 1,440/4,400 | Eddie Azzopardi, Realty World |
| 810 Buckland Avenue | $899,000 | 3BR/2BA | 1,550/7,200 | Julie Vejmola, Coldwell Banker |
| 119 Oakview Avenue | $898,000 | 3BR/1BA | 1,060/7,500 | Deborah Elowson, Coldwell Banker |
| 1431 Alameda | $898,000 | 3BR/1BA | 1,270/5,500 | Carolyn Botts, Alain Pinel Realtors |
| 72 Bayport Court | $889,950 | 3BR/2.5BA | 1,660/5,400 | Peter Vece, 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.
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