The San Carlos Real Estate Week in Review: 12-7-13.
December 9, 2013
Forsaking the Spring Market.
A very interesting statistic popped up while I was pulling data for this report — there have already been more new listings to debut on the market in San Carlos this month (7) than there were in the entire month of December 2012 (5), and we're barely one week into this month. What is causing sellers to forsake the traditional spring market and list their home in what is normally one of the slowest months of the year?
There are two reasons that come to mind. Either they want to take advantage of the complete absence of competition with the single-digit inventory of homes for sale, OR perhaps they are concerned that the market may be starting to top out, and they don't want to risk waiting until the spring to get the maximum value for their home. Either way, this month is shaping up to have the strongest listing performance of any December in the past 5 years.
Here are the details 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 12-7-2013:
| San Carlos Housing Data | 12-7-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 5 | 5 |
| Average Sold Price | $1,727,200 | $1,046,400 |
| Average $/Sq Foot (Sold) | $559 | $654 |
| Sold Price vs Orig List (%) | 106% | 107% |
| Average DOM of Closed Sales | 18 | 19 |
| No. of Homes Pending Sale: | 27 | 28 |
| Inventory of Active Listings: | 9 | 6 |
| Average Price of Active Listings: | $1,339,772 | $1,600,658 |
| Average DOM of Active Listings: | 28 | 61 |
| Average $/Sq Foot (List) | $699 | $603 |
| Active-Pending Ratio: | 0.33 : 1 | 0.21 : 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 |
|---|---|---|---|---|
| 369 Club Drive | $2,200,000 | $1,788,000 | +$412,000 (+23.0%) | 14 |
| 75 Hartford Avenue | $2,100,000 | $2,288,000 | -$188,000 (-8.2%) | 57 |
| 870 Crestview Drive | $1,550,000 | $1,398,000 | +$152,000 (+10.9%) | 8 |
| 3142 La Mesa Drive | $1,535,000 | $1,399,000 | +$136,000 (+9.7%) | 12 |
| 201 Aberdeen Drive | $1,251,000 | $1,250,000 | +$1,000 (+0%) | 0 |
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 |
|---|---|---|
| 2708 Eaton Avenue | 12 | $969,000 |
| 2819 Eaton Avenue | 143 | $2,799,000 |
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 |
|---|---|---|---|---|
| 650 Wellington Drive | $1,999,000 | 5BR/3.5BA | 3,050/6,562 | Bryce Cooke, Today Sothebys |
| 2424 Saint Francis Way | $1,179,000 | 3BR/1.5BA | 1,320/5,225 | Joseph Bentley, Alain Pinel Realtors |
| 2119 Greenwood Avenue | $1,150,000 | 3BR/1.5BA | 1,450/6,768 | David Young, Coldwell Banker |
| 818 Cordilleras Avenue | $1,125,000 | 3BR/2BA | 1,510/7,245 | Kelly Clarke, Coldwell Banker |
| 1005 Hall Street | $769,000 | 2BR/1BA | 910/4,350 | Steve Udelson, Owner's Realty |
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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