The San Carlos Real Estate Week in Review: 10-19-13.

October 21, 2013

Market Strength.

The real estate market in San Carlos has seemed to survive everything that has been thrown at recently — rising interest rates, temporary government shutdown, and the corresponding stock market volatility — and yet it keeps chugging along.  This past week's home closing data showed us that homes in San Carlos are still selling at a blistering pace, and are fetching significant premiums over the asking price (111%).

Even though only 5 listings went pending this week, the majority of these saw fierce competition and garnered multiple offers, as you will see when the sales numbers are published after they close escrow.   So buyers take heed that the market is still ultra-competitive here in San Carlos — and should remain so throughout the fall/winter buying season.

Here are the numbers for 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 10-19-2013:

San Carlos Housing Data 10-19-13 Prior Week
Closed Sales for the Week:
9 4
Average Sold Price
$1,179,056 $1,127,750
Average $/Sq Foot (Sold)
$592 $739
Sold Price vs Orig List (%) 111% 97%
Average DOM of Closed Sales 24 28
No. of Homes Pending Sale: 22 28
Inventory of Active Listings:
16 19
Average Price of Active Listings: $1,550,615 $1,485,781
Average DOM of Active Listings: 42 31
Average $/Sq Foot (List) $577 $598
Active-Pending Ratio:
0.73 : 1 0.68 : 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 Days on Market
76 Bay View Drive $1,770,000 $1,675,000 +$95,000 (+5.7%)
8
40 Hartford Avenue $1,305,000 $999,000 +$306,000 (+30.1%)
9
262 Cedar Street $1,269,000 $1,079,000 +$190,000 (+17.6%)
9
55 Shelford Avenue $1,237,500 $999,000 +$238,500 (+23.9%)
8
300 De Anza Avenue $1,210,000 $1,087,000 +$123,000 (+11.3%)
7
20 Barbara Lane $1,140,000 $998,000 +$142,000 (+14.2%)
77
602 De Anza Avenue $1,090,000 $999,000 +$91,000 (+9.1%)
12
903 Hall Street $825,000 $970,000 -$145,000 (-14.9%)
82
2133 Brittan Avenue $765,000 $749,000 +$16,000 (+2.1%)
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.

(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
124 Chesham Avenue 12 $1,659,000
34 Stanford Lane 5 $975,000
1137 Woodland Avenue 9 $889,000
1500 Saint Francis Way 7 $1,295,000
1089 Porto Marino Drive 17 $1,199,000

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
3142 La Mesa Drive $1,399,000 5BR/3BA 2,660/9,990 Tim Earley, Coldwell Banker
870 Crestview Drive $1,398,000 4BR/2BA 2,250/8,262 Jaime Jones, Intero
9 Devonshire Boulevard $989,000 3BR/2BA 1,640/10,560 Marcus Lee, Climb Real Estate
153 Palm Avenue $839,000 3BR/2BA 1,430/5,550 Kate Finnigan, 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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