The San Carlos Real Estate Week in Review: 2-8-14.

Rain Won't Put Out the Fire.

The rain that we so desperately needed did not deter house hunters from getting out and seeing homes this past weekend.    The few homes that were open on Saturday and Sunday all seemed to have lots of traffic through them, which shows that buyers truly understand the dynamics of this market.  It's not going to slow down for the weather.

Before anyone freaks out about the sold data below, it's important to factor in the sample size of that the data is being pulled.   So even though the average price per square foot jumped to an astronomical $966 this week, and the average home sold for a whopping 18% above the asking price, you have to bear in mind that this data is for only 2 homes.   With such a small sample size, it's easy for one (or both) sales to skew the numbers, which is clearly what happened this week.    That's not to say that the market is not strong — but we're not knocking on $1,000/sq foot as an average in San Carlos.

At least not yet…

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 2-8-2014:

San Carlos Housing Data	2-8-14	Prior Week
Closed Sales for the Week:	2	3
Average Sold Price	$1,444,000	$1,670,000
Average $/Sq Foot (Sold)	$966	$708
Sold Price vs Orig List (%)	118%	97%
Average DOM of Closed Sales	11	95
No. of Homes Pending Sale:	16	12
Inventory of Active Listings:	7	6
Average Price of Active Listings:	$1,481,841	$1,170,481
Average DOM of Active Listings:	5	7
Average $/Sq Foot (List)	$679	$702
Active-Pending Ratio:	0.44 : 1	0.5 : 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.

___________________________________________________________________

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
2721 San Miguel Way	$1,830,000	$1,595,000	+$235,000 (+14.7%)	12
243 Hillcrest Road	$1,058,000	$849,950	+$208,050 (+24.5%)	9

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.

___________________________________________________________________

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
1026 Alameda	10	$749,000
125 Highland Avenue	12	$1,029,888
183 Ruby Avenue	9	$1,269,000
304 Cedar Street	5	$939,000

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.

___________________________________________________________________

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
1320 Greenwood Avenue	$1,450,000	4BR/2BA	2,000/7,380	Bob Bredel, Today Sothebys
3280 Brittan Avenue	$1,388,888	4BR/3BA	2,020/10,875	George Chopoff, RE/MAX
34 Hilltop Drive	$1,285,000	3BR/2BA	1,880/5,500	Bob Bredel, Today Sothebys
1304 Morse Boulevard	$1,225,000	3BR/2BA	1,660/6,600	George Romero, Better Homes

Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.

___________________________________________________________________