The San Carlos Real Estate Week in Review: 3-29-14.
March 31, 2014
Last week was the kind of week you would hope for as we head into the month of April — lots of new listings to choose from, at least by this year's standard. Eight homes made their debut last week, all being within the range of $1.4M – $2M. And with only 4 homes going into contract during the same period, our inventory now sits at 16 homes for sale in San Carlos.
Home pricing remains extremely strong, as is evident below in the sold section. For the second straight week, homes that closed escrow in San Carlos fetched a whopping premium over the asking price — this week it was 17% on average. That is simply amazing, considering the fact that asking prices have already been adjusted upward during this recent run-up in the market. If there's an upper limit to what buyers will do to get the right house in San Carlos, we have not hit it 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 3-29-2014:
| San Carlos Housing Data | 3-29-14 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 6 | 8 |
| Average Sold Price: | $1,436,833 | $1,401,688 |
| Average $/Sq Foot (Sold) | $782 | $873 |
| Sold Price vs Orig List Price: | 117% | 119% |
| Average DOM of Closed Sales | 10 | 8 |
| No. of Homes Pending Sale: | 24 | 27 |
| No. of Active Listings: | 16 | 11 |
| Average Price of Active Listings: | $1,467,234 | $1,318,273 |
| Average DOM of Active Listings: | 14 | 15 |
| Average $/Sq Foot (List) | $659 | $622 |
| Active-Pending Ratio: | 0.67 : 1 | 0.41 : 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 |
|---|---|---|---|---|
| 880 Regent Court | $1,800,000 | $1,499,000 | +301,000 (+20.1%) | 19 |
| 1005 Rosewood Avenue | $1,537,000 | $1,199,000 | +$338,000 (+28.2%) | 7 |
| 921 Heather Drive | $1,426,000 | $1,285,000 | +$141,000 (+11.0%) | 7 |
| 545 Walnut Street | $1,418,000 | $1,199,000 | +$219,000 (+18.3%) | 12 |
| 379 De Anza Avenue | $1,230,000 | $1,139,000 | +$91,000 (+8.0%) | 15 |
| 24 Robin Way | $1,210,000 | $1,029,000 | +$181,000 (+17.6%) | 8 |
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 |
|---|---|---|
| 1004 Springfield Drive | 10 | $899,000 |
| 27 Madera Avenue | 31 | $2,298,000 |
| 41 Walton Street | 8 | $1,298,000 |
| 942 McCue Avenue | 7 | $869,000 |
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 |
|---|---|---|---|---|
| 1355 Central Avenue | $1,998,000 | 4BR/4BA | 2,982/6,875 | Carly Baleix, Alain Pinel Realtors |
| 2235 Carmelita Drive | $1,698,000 | 4BR/3.5BA | 2,390/5,500 | Nancy Field, Coldwell Banker |
| 156 Normandy Court | $1,698,000 | 3BR/2BA | 2,440/10,080 | Bobbi Decker, Today Sothebys |
| 2435 Eaton Avenue | $1,468,888 | 3BR/2.5BA | 1,720/7,245 | David Marino, Real Property Sales |
| 111 Lynton Avenue | $1,448,000 | 4BR/3BA | 2,850/18,000 | Debbie Wilhelm, Coldwell Banker |
| 1308 Orange Avenue | $1,399,000 | 4BR/2BA | 1,450/5,200 | Stefan Schermerhorn, Holmes Burrell |
| 1924 Belle Avenue | $1,399,000 | 4BR/2BA | 2,190/9,035 | David Young, Coldwell Banker |
| 232 Beverly Drive | $1,398,900 | 4BR/3BA | 1,947/6,400 | Bob Bredel, Today Sothebys |
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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