The San Carlos Real Estate Week in Review: 6-14-14.

This past week was just one of those “wow” weeks for closed sales in San Carlos.   Of the six homes that closed escrow, five garnered 6-figure premiums over the asking price.  And of those five, four of those were pushed roughly $300,000 or more above the list price.  Talk about a market flexing its muscle….

Inventory remained steady at 27 for yet another week, as new listings roughly kept pace with pending sales.  It will be interesting to see how the real estate market reacts,  since this will be the first full week with that the local public school systems have been completely out for summer,  and people are already starting to announce to the world every detail of their vacations on Facebook make vacation plans.  Don't panic, but July is only two weeks away already…

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 6-14-2014:

San Carlos Housing Data	6-14-14	Prior Week
Closed Sales for the Week:	6	6
Average Sold Price:	$1,718,333	$1,518,000
Average $/Sq Foot (Sold)	$958	$727
Average Percentage Over List Price:	117%	109%
Average DOM of Closed Sales	11	7
No. of Homes Pending Sale:	25	27
No. of Active Listings:	27	26
Average Price of Active Listings:	$1,435,288	$1,484,035
Average DOM of Active Listings:	23	21
Average $/Sq Foot (List)	$700	$701
Active-Pending Ratio:	1.08 : 1	0.96 : 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
50 Hilltop Drive	$2,000,000	$1,999,000	+$1,000 (+0%)	13
1625 Arroyo Avenue	$1,905,000	$1,495,000	+$410,000 (+27.4%)	7
825 Somerset Court	$1,900,000	$1,548,000	+$352,000 (+22.7%)	14
1944 Eaton Avenue	$1,680,000	$1,385,000	+$295,000 (+21.3%)	5
119 Brook Street	$1,600,000	$1,249,000	+$351,000 (+28.1%)	11
540 Pearl Avenue	$1,225,000	$1,125,000	+$100,000 (+8.9%)	10

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. (Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos in the past 3 months.)

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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
870 Orange Avenue	15	$1,695,000
316 Chesham Avenue	10	$1,499,000
37 Wildwood Avenue	6	$1,550,000
294 Devonshire Boulevard	0	$1,850,000

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.

(Click the “Homes Pending Sale” sign below to see ALL the homes that are Pending Sale in San Carlos.)

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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
2049 Brittan Avenue	$2,250,000	4BR/3.5BA	2,380/7,065	Robert Pedro, Signature Realty
337 Clifton Avenue	$1,785,000	4BR/2.5BA	3,063/8,000	Mouna Kayed, Alain Pinel Realtors
1601 Arroyo Avenue	$1,325,000	3BR/2BA	1,784/7,440	David Young, Coldwell Banker
44 Devonshire Boulevard	$875,000	2BR/1BA	1,230/2,640	Mary Abolmoluki, Coldwell Banker
960 Cherry Street	$799,888	2BR/1BA	820/5,000	Carmen Miranda, 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.

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

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Condos and Townhomes Sold in San Carlos:

Below are the condos/townhouses that closed escrow this past week. Click on the address for more details:

Address	Sold Price	Orig. List	Difference	DOM
3332 La Mesa Drive #9	$765,000	$699,000	+$66,000 (+9.4%)	6
1 Elm Street #402	$680,000	$648,000	+$12,000 (+1.9%)	50
1 Elm Street #303	$638,000	$640,000	-$2,000 (-0.3%)	33

(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)

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Condo/Townhouse Pending Sale this Week.

The following condos/townhouses went into contract this week:

Address	DOM (days)
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(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address or all the details:

Address	List Price	BR/BA	Sq Feet	Listed By
1 Lilly Lane	$948,000	2BR/2.5BA	1,793	Eddie Azzopardi, Realty World
3350 La Mesa Drive #10	$644,950	2BR/2BA	1,040	Sean Clar, RE/MAX
633 Elm Street #400	$638,000	1BR/1BA	774	Nancy Rancatore-Hintz, Coldwell Banker
3318 Brittan Avenue #3	$629,000	2BR/2BA	1,040	Miriam Chirko, Coldwell Banker

(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)

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Want Your Info Sooner?

I post sales data during the week as it happens on the White Oaks Blog on Twitter and the White Oaks Blog Page on Facebook

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(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

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