The San Carlos Real Estate Week in Review: 9-21-13.

Chugging Along

Last week we tabled the question as to whether the real estate market may be starting to slow a bit from the break-neck pace that we've seen all year.  Certainly, last week's numbers were less than stellar in comparison to the rest of the year's seemingly unstoppable numbers.  But we also noted that one week's worth of data does not constitute a trend.

The most recent week's data rebounded nicely on almost all fronts.   The most telling statistic was that 8 homes went into contract, which shows that buyers are still out there in big numbers.   Another good statistic was that 7 new listings hit the market, which indicates that sellers have no trepidation about bring their home on the market in the Fall.   This will serve to keep the market chugging along.

The one indicator that was down this past week  was the sales price/list price ratio.   This has been running at about 110% on average for most of the year.  This past week, homes that closed escrow in San Carlos fetched 99% of the asking price on average.     It's hard to say whether this is just a function of more realistic asking prices, or if the sales figures are starting to level off, but it's worth keeping an eye on in the coming weeks.

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 9-21-2013:

San Carlos Housing Data	9-21-13	Prior Week
Closed Sales for the Week:	6	6
Average Sold Price	$1,131,667	$1,173,000
Average $/Sq Foot (Sold)	$688	$729
Sold Price vs Orig List (%)	99%	103%
Average DOM of Closed Sales	18	21
No. of Homes Pending Sale:	29	30
Inventory of Active Listings:	22	23
Average Price of Active Listings:	$1,714,770	$1,445,210
Average DOM of Active Listings:	37	37
Average $/Sq Foot (List)	$547	$605
Active-Pending Ratio:	0.76 : 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
216 Exeter Avenue	$1,576,000	$1,638,888	-$62,888 (-3.8%)	25
1724 Greenwood Avenue	$1,290,000	$1,098,000	+$192,000 (+17.5%)	8
1671 Belmont Avenue	$1,200,000	$1,099,000	+$101,000 (+9.2%)	4
2640 Howard Avenue	$1,185,000	$1,349,950	-$164,950 (-12.2%)	30
148 Vine Street	$1,150,000	$989,000	+$161,000 (+16.3%)	8
1002 Holly Street	$684,000	$649,950	+$34,050 (+5.2%)	11

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.)

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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
346 Cedar Street	10	$988,889
602 De Anza Avenue	12	$999,000
1201 Oak Street	12	$879,000
262 Cedar Street	9	$1,079,000
294 Devonshire Boulevard	10	$998,000
10 Graceland Lane	35	$1,289,000
33 Chestnut Street	20	$789,000
2425 Melendy Drive	11	$1,498,000

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. Simply click on the address of each home to get the complete details.

Address	List Price	BR/BA	Sq Ft (home/lot)	Listed By
18 Estrada Place	$2,350,000	4BR/4BA	3,935/30,000	David Young, Coldwell Banker
76 Bay View Drive	$1,675,000	4BR/3.5BA	3,710/7,490	Carrie Du Bois, Coldwell Banker
2800 Roland Avenue	$1,195,000	3BR/2BA	2,000/5,440	John Shroyer, Today Sothebys
40 Hartford Avenue	$999,000	4BR/3BA	2,180/7,200	Justine Ford, Today Sothebys
55 Shelford Avenue	$999,000	3BR/2.5BA	1,990/9,100	Linda Murphy, Alain Pinel Realtors
3280 Brittan Avenue	$900,000	3BR/2BA	2,020/10,875	Kristina Patrick, RE/MAX
2133 Brittan Avenue	$749,000	2BR/1BA	1,420/6,250	Greg Celotti, Alain Pinel Realtors

Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

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Condos and Townhomes Sold in San Carlos:

Below are the condos/townhouses that sold this past week. Click on the address for all of the details:

Address	Sold Price	Orig. List	Difference	DOM
16 Daffodil Lane	$935,000	$925,000	+$10,000 (+1.1%)	1
1001 Laurel Street #226	$830,000	$749,950	+$80,050 (+10.7%)	0

(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)

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Condo/Townhouse Pending Sales in San Carlos

The following condos/townhouses are now pending sale:

Address	DOM (days)
1001 Laurel Street #226	0
2987 Melendy Drive #2	8

(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address or MLS # or all the details:

Address	List Price	BR/BA	Sq Feet	Listed By
6 Honeysuckle Lane	$1,125,000	3BR/2.5BA	2,330	Eddie Azzopardi, Realty World
1001 Laurel Street #412	$669,000	2BR/2BA	1,094	Justine Ford, Today Sothebys
3327 La Mesa Drive #12	$649,000	2BR/2BA	1,040	Susan Wang, Coldwell Banker

(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)

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(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

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