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.


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%)
511 De Anza Avenue $2,050,000 $1,898,000 +$152,000(+8.0%)
785 Buckland Avenue $1,675,000 $1,499,000 +$176,000 (+11.7%)
166 Fleetwood Drive $1,575,000 $1,495,000 +80,000 (+5.4%)
255 Beverly Drive $1,499,000 $1,499,000 $0 (0%)
2230 Eaton Avenue $1,300,000 $1,195,000 +$105,000 (+8.8%)
275 Club Drive $1,210,000 $869,950 +$340,050 (+39.1%)
430 Erlin Drive $1,070,000 $999,000 +$71,000 (+7.1%)
501 Chestnut Street $1,111,000 $979,000 +$132,000 (+13.5%)
1027 Sylvan Drive $718,000 $679,000 +$39,000 (+5.7%)

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
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.


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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