The San Carlos Real Estate Week in Review: 5-3-14.
May 5, 2014
The month of May started with a bang, as a whole crop of new listings debuted on Thursday and Friday of last week. You almost needed a scorecard to keep track of all of the homes that popped up on those two days (by San Carlos standards, anyway.) But even with that significant push of new inventory, there are still only 13 single family homes for sale in the entire city.
If you thought there was going to be a break in the ferocity of the overbidding on homes in San Carlos, think again. For the homes that closed escrow this past week, the average amount that was paid over the list price was 13%. The leader of the pack from a sheer dollar perspective was the home at 124 Normandy Court, which fetched a premium of $552,000 above the asking price – almost as breathtaking as the view from the house. And from the intelligence I gathered on the pending sales that occurred last week, that trend will certainly continue. Stay tuned..
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 5-3-2014:
| San Carlos Housing Data | 5-3-14 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 8 | 11 |
| Average Sold Price: | $1,589,125 | $1,460,636 |
| Average $/Sq Foot (Sold) | $863 | $729 |
| Average Percentage Over List Price: | 113% | 105% |
| Average DOM of Closed Sales | 28 | 28 |
| No. of Homes Pending Sale: | 27 | 28 |
| No. of Active Listings: | 13 | 11 |
| Average Price of Active Listings: | $1,771,914 | $1,574,864 |
| Average DOM of Active Listings: | 11 | 17 |
| Average $/Sq Foot (List) | $704 | $733 |
| Active-Pending Ratio: | 0.48 : 1 | 0.25 : 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 |
|---|---|---|---|---|
| 124 Normandy Court | $2,850,000 | $2,298,000 | +$552,000 (+24.0%) | 11 |
| 2511 Melendy Drive | $1,660,000 | $1,699,000 | -$39,000 (-2.3%) | 28 |
| 115 Barford Avenue | $1,650,000 | $1,550,000 | +$100,000 (+6.5%) | 7 |
| 1924 Belle Avenue | $1,630,000 | $1,399,000 | +$231,000 (+16.5%) | 11 |
| 990 Orange Avenue | $1,510,000 | $1,299,950 | +$210,050 (+16.2%) | 30 |
| 1052 Lupin Way | $1,150,000 | $918,000 | +$232,000 (+25.3%) | 7 |
| 145 Dolton Avenue | $1,135,000 | $1,199,000 | -$64,000 (-5.3%) | 43 |
| 1370 Hull Drive | $1,128,000 | $889,000 | +$239,000 (+26.9%) | 15 |
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 |
|---|---|---|
| 1948 Saint Francis Way | 8 | $899,500 |
| 25 Walton Street | 12 | $1,249,000 |
| 524 Emerald Avenue | 10 | $1,049,000 |
| 212 Fairmont Avenue | 9 | $1,395,000 |
| 324 Devonshire Boulevard | 29 | $1,350,000 |
| 123 Rockridge Road | 8 | $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 |
|---|---|---|---|---|
| 50 Hilltop Drive | $1,999,000 | 4BR/4BA | 2,359/5,150 | Todd Weidmer, RealSmart Properties |
| 19 Camborne Avenue | $1,800,000 | 4BR/2.5BA | 2,880/14,200 | Christine Morgan, RE/MAX Star |
| 1404 Crestview Drive | $1,798,888 | 4BR/2.5BA | 2,570/15,488 | Lorelei Komm, Keller Williams |
| 176 Exeter Avenue | $1,698,000 | 4BR/3BA | 2,820/8,100 | David Young, Coldwell Banker |
| 1944 Eucalyptus Avenue | $1,695,000 | 3BR/2.5BA | 1,110/5,000 | John Shroyer, Today Sothebys |
| 2222 Carmelita Drive | $1,498,000 | 3BR/1.5BA | 2,040/9,176 | Justine Ford, Today Sothebys |
| 1625 Arroyo Avenue | $1,495,000 | 3BR/3BA | 2,000/6,500 | Shaler Barnes, Cowperthwaite |
| 155 Highland Avenue | $1,498,000 | 4BR/2BA | 2,770/9,720 | Holly Noto, Coldwell Banker |
| 231 Winding Way | $1,388,000 | 3BR/2BA | 1,980/4,785 | Louis Trujillo, Heaven ‘n Earth Realty |
| 59 Club Drive | $1,277,000 | 3BR/2.5BA | 2,220/7,200 | Laura Bertolacci, 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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