The San Carlos Real Estate Week in Review: 1-25-14.
January 27, 2014
Homes for Sale?
Not much changed this past week as far as the inventory level of homes for sale in San Carlos. As I predicted last week, the rate that homes are coming on the market is being matched by the rate at which they are going into contract. Consequently, the inventory is staying flat and stuck in the single digits. This means that open houses were very busy over the weekend. If you were out and about in either San Carlos or Belmont, then you know exactly how difficult it was to even find a parking spot to see what few houses were open.
Next weekend marks the end of the professional football season with Super Bowl Sunday, and the “traditional” start of the Spring real estate season. Believe it or not, many sellers opt to wait until after the Super Bowl to list their homes for sale, especially if a particular team happens to be playing. (And no, I'm not talking about the Raiders.) Here's to hoping that this year will be very traditional in that respect.
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 1-25-2014:
| San Carlos Housing Data | 1-25-14 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 4 | 1 |
| Average Sold Price | $1,377,500 | $1,300,000 |
| Average $/Sq Foot (Sold) | $731 | $695 |
| Sold Price vs Orig List (%) | 103% | 100% |
| Average DOM of Closed Sales | 9 | 21 |
| No. of Homes Pending Sale: | 9 | 10 |
| Inventory of Active Listings: | 8 | 7 |
| Average Price of Active Listings: | $1,278,972 | $1,379,120 |
| Average DOM of Active Listings: | 27 | 30 |
| Average $/Sq Foot (List) | $633 | $670 |
| Active-Pending Ratio: | 0.89 : 1 | 0.7 : 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 |
|---|---|---|---|---|
| 2727 Clifford Avenue | $2,555,000 | $2,500,000 | +$55,000 (+2.2%) | 3 |
| 2424 Saint Francis Way | $1,180,000 | $1,179,000 | +$1,000 (+0%) | 12 |
| 1333 Elm Street | $1,000,000 | $890,000 | +$110,000 (+12.4%) | 1 |
| 1005 Hall Street | $775,000 | $769,000 | +$6,000 (+0.8%) | 20 |
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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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 |
|---|---|---|
| 243 Hillcrest Road | 9 | $849,950 |
| 126 Manor Drive | 14 | $899,000 |
| 21 Madera Avenue | 20 | $1,250,000 |
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. Click on the address of each home to get the complete details.
| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
|---|---|---|---|---|
| 125 Highland Avenue | $1,029,888 | 3BR/2.5BA | 1,760/14,760 | Carmen Miranda, Alain Pinel Realtors |
| 953 Lupin Way | $949,000 | 2BR/2BA | 1,412/5,500 | Amy Anderson, Keller Williams |
| 2388 Brittan Avenue | $849,000 | 3BR/2BA | 1,370/7,500 | Carrie Du Bois, Coldwell Banker |
| 1026 Alameda | $749,000 | 2BR/1BA | 990/5,856 | Brendan Leary, Sereno Group |
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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