The San Carlos Real Estate Week in Review: 1-18-14.

Homes for Sale?

You know the housing market is pretty sparse when the inventory in a single community doubles within a single week — yet the number of homes for sale is still in the single-digits.   But that is the reality of the San Carlos real estate market right now, and without a significant surge in inventory that number is going to stay low for a while.

Most, if not all,  of the four homes that made their debut this past week (see below) will be gone in the first 7-10 days on the market.  They are priced well, and if the flood of people at the open houses this weekend was any indication, they should have no problem garnering multiple offers.    It will be interesting to see how much this imbalance and pent-up demand will drive the prices skyward on the homes that do go into contract this week.

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 1-18-2014:

San Carlos Housing Data	1-18-14	Prior Week
Closed Sales for the Week:	1	6
Average Sold Price	$1,300,000	$1,641,833
Average $/Sq Foot (Sold)	$695	$784
Sold Price vs Orig List (%)	100%	102%
Average DOM of Closed Sales	21	19
No. of Homes Pending Sale:	10	11
Inventory of Active Listings:	7	3
Average Price of Active Listings:	$1,379,120	$1,349,333
Average DOM of Active Listings:	30	60
Average $/Sq Foot (List)	$670	$560
Active-Pending Ratio:	0.7 : 1	0.27 : 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
1036 Hewitt Drive	$1,300,000	$1,299,000	+$1,000 (0%)	21

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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San Carlos Homes Pending Sale for the Week:

The following homes went into contract his week. Click on the address to see more details:

Address	DOM (days)	List Price
—	—	$–

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. Click on the address of each home to get the complete details.

Address	List Price	BR/BA	Sq Ft (home/lot)	Listed By
437 Hillcrest Road	$1,998,888	4BR/4.5BA	2,550/7,644	Richard Gonzalez, Mi Home Realty
2721 San Miguel Way	$1,595,000	4BR/3BA	2,460/13,800	John Shroyer, Today Sothebys
119 Chesham Avenue	$1,162,000	3BR/2.5BA	1,870/5,225	Laura Bertolacci, Today Sothebys
243 Hillcrest Road	$899,000	2BR/1BA	890/10,600	David Blewett, 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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