The San Carlos Real Estate Week in Review: 3-1-14.
March 3, 2014
For the second straight week, the spring real market was literally jumping in San Carlos. 10 new listings hit the street, ranging in price from $840K to $2.3M, and almost as many homes were plucked off the market by eager buyers. The net result of all of this buying and selling is that inventory of homes for sale as of this morning bumped up slightly to 16.
Home buyers are really hoping for more of the same type of activity this week, since each solid wave of new listings seems to diffuse some of the buying pressure in this market environment, albeit slightly, since it doesn't feel like everyone is competing for the same house. Much like the situation we have with the drought, it's going to take quite a few more weeks of this type of activity to saturate this market and settle it down a bit. But the last two weeks were a very good start.
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 3-1-2014:
| San Carlos Housing Data | 3-1-14 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 5 | 4 |
| Average Sold Price: | $1,022,400 | $1,092,000 |
| Average $/Sq Foot (Sold) | $699 | $865 |
| Sold Price vs Orig List Price: | 112% | 113% |
| Average DOM of Closed Sales | 11 | 11 |
| No. of Homes Pending Sale: | 25 | 22 |
| No. of Active Listings: | 16 | 12 |
| Average Price of Active Listings: | $1,382,875 | $1,319,143 |
| Average DOM of Active Listings: | 8 | 6 |
| Average $/Sq Foot (List) | $631 | $694 |
| Active-Pending Ratio: | 0.64 : 1 | 0.67 : 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 |
|---|---|---|---|---|
| 125 Highland Avenue | $1,300,000 | $1,029,888 | +$270,112 (+26.2%) | 12 |
| 21 Madera Avenue | $1,260,000 | $1,250,000 | +$10,000 (+0.8%) | 20 |
| 2388 Brittan Avenue | $961,000 | $849,000 | +$112,000 (+13.2%) | 6 |
| 1026 Alameda | $805,000 | $749,000 | +$56,000 (+7.5%) | 10 |
| 982 Holly Street | $786,000 | $680,000 | +$106,000 (+15.6%) | 7 |
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 |
|---|---|---|
| 2457 Melendy Drive | 9 | $1,449,000 |
| 2238 Brittan Avenue | 12 | $869,000 |
| 1357 Woodland Avenue | 11 | $1,289,000 |
| 1505 Belmont Avenue | 11 | $975,000 |
| 379 De Anza Avenue | 9 | $1,139,000 |
| 2089 Eaton Avenue | 7 | $1,449,000 |
| 156 Mesa Verde Way | 8 | $1,698,000 |
| 1262 Crestview Drive | 9 | $1,450,000 |
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 |
|---|---|---|---|---|
| 27 Madera Avenue | $2,298,000 | 4BR/4.5BA | 5,385/9,000 | Keri Nicholas, Coldwell Banker |
| 945 Chestnut Street | $2,150,000 | 4BR/3BA | 2,700/7,500 | John Shroyer, Today Sothebys |
| 112 Madera Avenue | $1,525,000 | 3BR/4BA | 2,350/5,616 | Mark Devlin, Keller Williams |
| 880 Regent Court | $1,499,000 | 3BR/2BA | 2,130/9,130 | Trish Ward, Keller Williams |
| 3121 Melendy Drive | $1,349,000 | 3BR/2BA | 1,890/9,350 | Justine Ford, Today Sothebys |
| 145 Dolton Avenue | $1,199,000 | 3BR/2BA | 1,770/7,550 | Annie Chang, Sequoia Realty |
| 917 Rosewood Avenue | $1,179,000 | 2BR/1.5BA | 2,184/6,000 | Justine Ford, Today Sothebys |
| 426 Ridge Road | $1,089,000 | 3BR/2BA | 1,380/5,500 | Kevin McDonough, Broker |
| 201 Edgehill Drive | $849,000 | 3BR/1BA | 1,240/5,750 | Kathryn Bedbury, Coldwell Banker |
| 1382 Rosewood Avenue | $839,000 | 3BR/1BA | 1,440/4,920 | Amy Earley, Coldwell Banker |
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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