The San Carlos Real Estate Week in Review: 4-12-14.
April 14, 2014
Spring break seemed to take a little wind out of the open house sails over the past two weekends. With the exception of a few of the new listings, most open houses that I attended yesterday were eerily quiet. Because the various schools and colleges in the area don't take the same week off, this phenomenon has been spread out over the past few weekends. It hasn't appeared to rein in the appetite of home buyers in San Carlos, though, since they took another 7 homes off the market this past week.
A couple of homes that closed this week fetched prices over $2M — something that was unheard of a few years ago in sleepy San Carlos, but is now something much more commonplace in this red-hot market. We'll talk about that more later this week on the blog.
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 4-12-2014:
| San Carlos Housing Data | 4-12-14 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 5 | 4 |
| Average Sold Price: | $1,656,200 | $1,438,500 |
| Average $/Sq Foot (Sold) | $868 | $773 |
| Sold Price vs Orig List Price: | 117% | 105% |
| Average DOM of Closed Sales | 9 | 11 |
| No. of Homes Pending Sale: | 31 | 30 |
| No. of Active Listings: | 13 | 13 |
| Average Price of Active Listings: | $1,302,808 | $1,311,258 |
| Average DOM of Active Listings: | 7 | 10 |
| Average $/Sq Foot (List) | $697 | $684 |
| Active-Pending Ratio: | 0.42 : 1 | 0.43 : 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 |
|---|---|---|---|---|
| 945 Chestnut Street | $2,250,000 | $2,150,000 | +$100,000 (+4.7%) | 11 |
| 156 Normandy Court | $2,150,000 | $1,698,000 | +$452,000 (+26.6%) | 8 |
| 41 Walton Street | $1,631,000 | $1,298,000 | +$333,000 (+25.7%) | 8 |
| 2321 Eaton Avenue | $1,200,000 | $1,099,000 | +$101,000 (+9.2%) | 7 |
| 1382 Rosewood Avenue | $1,050,000 | $839,000 | +$211,000 (+25.1%) | 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 |
|---|---|---|
| 1924 Belle Avenue | 11 | $1,399,000 |
| 111 Lynton Avenue | 10 | $1,448,000 |
| 2235 Carmelita Drive | 12 | $1,698,000 |
| 3025 Brittan Avenue | 25 | $1,248,000 |
| 101 Mirabel Place | 6 | $1,588,850 |
| 145 Dolton Avenue | 43 | $1,099,000 |
| 1308 Orange Avenue | 17 | $1,399,000 |
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 |
|---|---|---|---|---|
| 124 Normandy Court | $2,298,000 | 4BR/3.5BA | 2,527/10,030 | Emily Lim, RE/MAX |
| 1729 Elizabeth Street | $1,849,000 | 3BR/3BA | 2,754/10,200 | Patty Dwyer, Coldwell Banker |
| 209 Rockridge Road | $1,370,000 | 3BR/4BA | 2,390/10,780 | Jodi Campion, Alain Pinel Realtors |
| 5 Granite Court | $1,190,000 | 3BR/2.5BA | 1,820/7,280 | Steve Droz, Today Sothebys |
| 1415 Elm Street | $1,175,000 | 3BR/2BA | 1,870/6,375 | Gordie Burton, Coldwell Banker |
| 1333 Woodland Avenue | $1,089,000 | 3BR/2BA | 1,270/4,920 | Ellen Larios, Today Sothebys |
| 1048 Riverton Drive | $649,000 | 3BR/1.5BA | 1,270/5,000 | Carole and Nicole, Alain Pinel Realtors |
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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