The San Carlos Real Estate Week in Review: 6-14-14.
June 16, 2014
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.
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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.
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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.
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