The San Carlos Real Estate Week in Review: 12-14-13.
December 16, 2013
A Strong December.
A big statement about the strength of this real estate market can be found by simply looking at the Pending Sales section of this weekly post. The average time it took to sell the 5 homes that went pending last week was only 5 days. As we discussed last week in the three-part series about the 2014 market, smart sellers have figured out this year that the best time to sell is when there's the least amount of inventory — not by what the calendar may suggest. And buyers are proving them right by snapping up whatever they can get when inventory is this lean.
As of this morning, there are only 8 single-family homes for sale in all of San Carlos. That number will likely drop even further this week as a few of these listings are scheduled to take offers.
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 12-14-2013:
| San Carlos Housing Data | 12-14-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 11 | 5 |
| Average Sold Price | $1,076,091 | $1,727,200 |
| Average $/Sq Foot (Sold) | $743 | $559 |
| Sold Price vs Orig List (%) | 106% | 106% |
| Average DOM of Closed Sales | 22 | 18 |
| No. of Homes Pending Sale: | 21 | 27 |
| Inventory of Active Listings: | 6 | 9 |
| Average Price of Active Listings: | $1,381,658 | $1,339,772 |
| Average DOM of Active Listings: | 49 | 28 |
| Average $/Sq Foot (List) | $636 | $699 |
| Active-Pending Ratio: | 0.29 : 1 | 0.33 : 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 |
|---|---|---|---|---|
| 61 Devonshire Circle | $1,505,000 | $1,297,000 | +$208,000 (+16.0%) | 11 |
| 121 Beverly Drive | $1,450,000 | $1,398,000 | +$52,000 (+3.7%) | 3 |
| 184 Ruby Avenue | $1,300,000 | $1,100,000 | +$200,000 (+18.2%) | 5 |
| 1384 Chestnut Street | $1,200,000 | $1,120,000 | +$80,000 (+7.1%) | 14 |
| 1036 San Remo Way | $1,100,000 | $1,150,000 | -$50,000 (-4.3%) | 17 |
| 34 Stanford Lane | $1,050,000 | $975,000 | +$75,000 (+7.7%) | 5 |
| 9 Devonshire Boulevard | $1,049,000 | $989,000 | +$60,000 (+6.1%) | 34 |
| 1374 Alameda | $905,000 | $958,000 | -$53,000 (-5.5%) | 110 |
| 973 Alameda | $824,000 | $858,000 | -$34,000 (-4.0%) | 24 |
| 2641 San Carlos Avenue | $750,000 | $689,000 | +$61,000 (+8.9%) | 10 |
| 220 Winding Way | $704,000 | $649,000 | +$55,000 (+8.5%) | 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.
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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 |
|---|---|---|
| 2119 Greenwood Avenue | 3 | $1,150,000 |
| 878 Heather Drive | 1 | $1,149,000 |
| 818 Cordilleras Avenue | 8 | $1,125,000 |
| 1005 Hall Street | 9 | $769,000 |
| 650 Wellington Drive | 6 | $1,999,000 |
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 |
|---|---|---|---|---|
| 2730 San Miguel Way | $1,275,000 | 4BR/2.5BA | 2,270/11,000 | Sam Zerarka, Intero |
| 878 Heather Drive | $1,149,000 | 3BR/2BA | 1,680/9,600 | Helen Moore, Helen Moore 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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