The San Carlos Real Estate Week in Review: 6-28-14.
June 30, 2014
Today marks the midway point in what has been arguably the strongest and most breathtaking year in San Carlos real estate in recent memory — possibly ever. 2014 is only halfway in the books, and the market is on a pace to shatter just about ever price record that one could think of. The tally at the end of the year will be hard to believe.
Tomorrow we head into what are usually the slow summer months of the year on the real estate calendar — July and August. Traditionally, the market takes a breather during these two months, and then picks up again in earnest in September. But while I believe the market is not going to maintain the breakneck pace that it set in the Spring, I don't believe we're going to experience the lull in July and August that we are accustomed to seeing. The right homes will still garner significant interest, but homes “on the fringe” may take a little bit longer to sell, which was a trend that I started to notice in the beginning of June.
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 6-28-2014:
| San Carlos Housing Data | 6-28-14 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 7 | 7 |
| Average Sold Price: | $1,690,214 | $1,508,514 |
| Average $/Sq Foot (Sold) | $934 | $820 |
| Average Percentage Over List Price: | 108% | 117% |
| Average DOM of Closed Sales | 20 | 16 |
| No. of Homes Pending Sale: | 25 | 26 |
| No. of Active Listings: | 27 | 29 |
| Average Price of Active Listings: | $1,421,866 | $1,346,842 |
| Average DOM of Active Listings: | 25 | 22 |
| Average $/Sq Foot (List) | $699 | $697 |
| Active-Pending Ratio: | 1.08 : 1 | 1.11 : 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 |
|---|---|---|---|---|
| 112 Arundel Road | $2,100,000 | $1,995,000 | +$105,000 (+5.3%) | 14 |
| 1729 Elizabeth Street | $2,050,000 | $1,849,000 | +$201,000 (+10.9%) | 59 |
| 1501 San Carlos Avenue | $1,900,000 | $1,700,000 | +$200,000 (+11.8%) | 14 |
| 294 Devonshire Boulevard | $1,850,000 | $1,850,000 | $0 (0%) | 0 |
| 37 Wildwood Avenue | $1,850,100 | $1,550,000 | +$300,000 (+19.4%) | 6 |
| 59 Club Drive | $1,250,000 | $1,277,000 | -$27,000 (-2.1%) | 36 |
| 966 Cherry Street | $831,500 | $779,000 | +$52,500 (+6.7%) | 9 |
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 |
|---|---|---|
| 889 Cordilleras Avenue | 6 | $998,950 |
| 1316 Chestnut Street | 16 | $1,160,000 |
| 1274 Magnolia Avenue | 8 | $949,000 |
| 1362 Chestnut Street | 8 | $1,180,000 |
| 14 Vine Street | 35 | $995,000 |
| 23 Chestnut Street | 9 | $789,000 |
| 870 Orange Avenue | 15 | $1,695,000 |
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 |
|---|---|---|---|---|
| 2108 Eaton Avenue | $1,980,800 | 4BR/3BA | 2,690/6,150 | Arturo Rodriguez, Fidelity Brokers |
| 2646 Eaton Avenue | $1,499,000 | 3BR/3BA | 2,425/6,850 | Pam Tyson, Keller Williams |
| 507 Exeter Way | $1,399,000 | 3BR/2.5BA | 2,540/7,300 | Glenn Bartkowiak, Coldwell Banker |
| 2043 Saint Francis Way | $1,375,000 | 3BR/2BA | 1,543/4,440 | Tatum Clarke, Intero |
| 185 Lyndhurst Avenue | $1,298,000 | 3BR/2BA | 2,160/5,000 | Julie Vejmola, Coldwell Banker |
| 7 Plymouth Avenue | $1,279,000 | 4BR/3BA | 2,200/2,856 | Justine Ford, Today Sothebys |
| 2674 Thornhill Drive | $948,800 | 2BR/1BA | 880/5,650 | Lucy Goldenshteyn, Redfin |
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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