The San Carlos Real Estate Week in Review: 8-31-13.
September 2, 2013
The Fall Market is Here.
Bring on the Fall market in San Carlos! The stats below capture the essence of the first week of a typical Fall market in San Carlos — LOTS of sales. As I've stated before numerous times on the site, the kickoff of the Fall market coincides with the return to school for the majority of kids. In years past, that used to be after Labor Day weekend, but every year it seems like that date keeps creeping forward (especially if you get a student's opinion on that.) Last week was the first week that pretty much all kids were back to school. And the buying numbers reflected it.
13 homes were went into contract, making it one of the busier buying weeks so far this year. But only 5 new listings hit the market, so the brief “glut” of inventory that we had is evaporating rapidly. At the time of this post, we are back down to 22 homes for sale in the entire city. And that number will likely drop this week before it rises again.
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 8-31-2013:
| San Carlos Housing Data | 8-31-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
3 | 7 |
| Average Sold Price |
$1,221,963 | $1,100,143 |
| Average $/Sq Foot (Sold) |
$638 | $808 |
| Sold Price vs Orig List (%) | 112% | 112% |
| Average DOM of Closed Sales | 17 | 11 |
| No. of Homes Pending Sale: | 29 | 18 |
| Inventory of Active Listings: |
22 | 31 |
| Average Price of Active Listings: | $1,466,586 | $1,421,575 |
| Average DOM of Active Listings: | 31 | 29 |
| Average $/Sq Foot (List) | $639 | $630 |
| Active-Pending Ratio: |
0.76 : 1 | 1.7 : 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 |
|---|---|---|---|---|
| 2648 Graceland Avenue | $1,475,000 | $1,195,000 | +$280,000 (+23.4%) |
33 |
| 478 Emerald Avenue | $1,250,000 | $1,200,000 | +$50,000 (+4.2%) |
9 |
| 72 Bayport Court | $940,888 | $889,950 | +$50,938 (+5.7%) |
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.
(Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos in the past 3 months.___________________________________________________________________
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 |
|---|---|---|
| 1431 Alameda | 31 | $898,000 |
| 269 Kelton Avenue | 11 | $1,100,000 |
| 92 Bay View Drive | 11 | $1,149,000 |
| 2640 Howard Avenue | 30 | $1,299,000 |
| 170 Hillcrest Road | 9 | $1,049,000 |
| 76 Alameda de las Pulgas | 9 | $638,000 |
| 1434 Cordilleras Avenue | 7 | $850,000 |
| 2416 Melendy Drive | 12 | $1,188,000 |
| 3363 Melendy Drive | 11 | $1,349,000 |
| 333 Hill Way | 7 | $750,000 |
| 462 Emerald Avenue | 7 | $1,175,000 |
| 1671 Belmont Avenue | 4 | $1,099,000 |
| 339 Cedar Street | 7 | $739,000 |
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 |
|---|---|---|---|---|
| 1549 Chestnut Street | $1,218,000 | 3BR/2BA | 1,540/5,650 | David Young, Coldwell Banker |
| 245 Manor Drive | $1,199,000 | 3BR/2BA | 1,430/7,777 | Jackie Cockreham, Today Sothebys |
| 1671 Belmont Avenue | $1,099,000 | 3BR/1.5BA | 1,500/4,600 | Violane Mraihi, Coldwell Banker |
| 33 Chestnut Street | $789,000 | 3BR/1.5BA | 1,430/9,810 | Fred Graziani, Broker |
| 1028 Northwood Drive | $699,000 | 2BR/1BA | 820/4,675 | Kary Cochrane, Intero |
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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