The San Carlos Real Estate Week in Review: 7-5-14.
July 7, 2014
The week of the 4th of July holiday is normally a slow one for new listings, and this year's occurrence was no exception — even despite the continued strong market in San Carlos. Last week yielded no new listings, which obviously makes sense because you sure don't want the first open house to be on a weekend when nobody is around.
But the holiday week did not keep buyers off the street. 7 houses went into contract, and that took the inventory of available homes down a notch to 20 — still better than the Spring, but not the levels that buyers have enjoyed for the past few weeks. And if there isn't another push of new listings in the coming weeks, that number will once again drop back down into the teens.
On the topic of inventory, take note in the numbers below that the average days on market (DOM) of homes on the market is now at 33 days. This is the first time that it has broken the 1-month barrier all year. This is a trend that has been increasing in the past few weeks, which seems to suggest that it's taking homes a little longer to sell lately. That's a number that I will certainly keep a close eye on in the coming weeks.
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 7-5-2014:
| San Carlos Housing Data | 7-5-14 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 10 | 7 |
| Average Sold Price: | $1,594,700 | $1,690,214 |
| Average $/Sq Foot (Sold) | $790 | $934 |
| Average Percentage Over List Price: | 104% | 108% |
| Average DOM of Closed Sales | 13 | 20 |
| No. of Homes Pending Sale: | 24 | 25 |
| No. of Active Listings: | 20 | 27 |
| Average Price of Active Listings: | $1,468,597 | $1,421,866 |
| Average DOM of Active Listings: | 33 | 25 |
| Average $/Sq Foot (List) | $698 | $699 |
| Active-Pending Ratio: | 0.83 : 1 | 1.08 : 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 |
|---|---|---|---|---|
| 58 Hillcrest Road | $2,349,000 | $2,349,000 | $0 (0%) | 11 |
| 2622 Howard Avenue | $1,900,000 | $1,900,000 | $0 (0%) | 0 |
| 1006 Alameda | $1,785,000 | $1,785,000 | $0 (0%) | 0 |
| 1404 Crestview Drive | $1,740,000 | $1,798,888 | -$58,888 (-3.3%) | 26 |
| 2732 Milano Way | $1,705,000 | $1,499,999 | +$205,001 (+13.7%) | 2 |
| 2531 Melendy Drive | $1,555,000 | $1,388,000 | +$167,000 (+12.0%) | 17 |
| 100 Alberta Avenue | $1,408,000 | $1,150,000 | +$258,000 (+22.4%) | 8 |
| 144 Edgehill Drive | $1,180,000 | $1,079,000 | +$101,000 (+9.4%) | 27 |
| 1358 Geneva Avenue | $1,175,000 | $1,195,000 | -$20,000 (-1.7%) | 24 |
| 261 Kelton Avenue | $1,150,000 | $1,199,950 | -$49,950 (-4.2%) | 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 |
|---|---|---|
| 1066 Cedar Street | 16 | $949,888 |
| 1316 Orange Avenue | 11 | $1,489,950 |
| 7 Plymouth Avenue | 8 | $1,279,000 |
| 304 Elm Street | 44 | $1,198,000 |
| 20 Molton Avenue | 33 | $1,698,000 |
| 2674 Thornhill Drive | 5 | $948,800 |
| 240 Lemoore Drive | 56 | $1,349,000 |
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 |
|---|---|---|---|---|
| — | $– | — | — | — |
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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