The San Carlos Real Estate Week in Review: 4-19-14.
April 21, 2014
The combination of Easter and the final week of spring break seemed to keep the San Carlos home sellers on the sidelines this past week. While there were only 3 new single-family listings to debut and not a single condo or townhouse, the buyers who stayed in town kept the market jumping. 7 homes were put into contract, which has once again driven the available inventory of homes in San Carlos into the single-digit range. The active/pending ratio in San Carlos dropped to 0.25 — one of the lowest levels that I have seen in quite some time.
In a traditional year, the month of May is one of the most robust listing periods in year, as sellers rush to get their homes to the market before the Summer break is upon us. Home buyers are praying that this trend will happen again this year, because as of right now, there are only 9 homes to choose from in all of San Carlos – and that number will drop significantly next week without some new inventory to backfill.
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 4-19-2014:
| San Carlos Housing Data | 4-19-14 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 4 | 5 |
| Average Sold Price: | $1,211,000 | $1,656,200 |
| Average $/Sq Foot (Sold) | $804 | $868 |
| Sold Price vs Orig List Price: | 107% | 117% |
| Average DOM of Closed Sales | 17 | 9 |
| No. of Homes Pending Sale: | 36 | 31 |
| No. of Active Listings: | 9 | 13 |
| Average Price of Active Listings: | $1,607,111 | $1,302,808 |
| Average DOM of Active Listings: | 16 | 7 |
| Average $/Sq Foot (List) | $673 | $697 |
| Active-Pending Ratio: | 0.25 : 1 | 0.42 : 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 |
|---|---|---|---|---|
| 1262 Crestview Drive | $1,600,000 | $1,450,000 | +$150,000 (+10.3%) | 34 |
| 1357 Woodland Avenue | $1,420,000 | $1,289,000 | +$131,000 (+10.2%) | 11 |
| 1004 Springfield Drive | $903,000 | $899,000 | +$4,000 (+0.4%) | 10 |
| 2238 Brittan Avenue | $921,000 | $869,000 | +$52,000 (+6.0%) | 12 |
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 |
|---|---|---|
| 68 Madrona Street | 10 | $990,000 |
| 113 Mirabel Place | 10 | $1,498,500 |
| 1370 Hull Drive | 15 | $899,000 |
| 1415 Elm Street | 7 | $1,175,000 |
| 1368 Chestnut Street | 4 | $865,000 |
| 124 Normandy Court | 11 | $2,298,000 |
| 1048 Riverton Drive | 10 | $649,000 |
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 |
|---|---|---|---|---|
| 123 Lynton Avenue | $2,895,000 | 3BR/3BA | 4,389/17,000 | Eric Berggren, Intero |
| 25 Walton Street | $1,249,000 | 5BR/2.5BA | 2,040/6,380 | John Shroyer, Today Sothebys |
| 1368 Chestnut Street | $865,000 | 2BR/1BA | 1,120/4,560 | Dave Parks, Gateway Properties |
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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