The San Carlos Real Estate Week in Review: 7-26-14.
July 28, 2014
The San Carlos real estate market shrugged off the conventional wisdom that the mid-summer is not an ideal time to put a home on the market, as nine different homes hit the market last week. Home buyers remained very active as well, picking off five homes during the same period – and all five had been on the market for less than two weeks, which shows that the market is continuing to turn inventory very quickly.
As we head into August, it marks the beginning of the Fall real estate market in San Carlos. In the past, this secondary market wouldn't start in earnest until after Labor Day weekend. But with so many schools now starting back in mid-late August, the market activity has been ramping up noticeably in early August the past several years. Look for this year to be no different this year as July closes out this week. You can also expect that September and October will be excellent months to list a home this year, since the buying activity has remained so strong during the summer.
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 7-26-2014:
|San Carlos Housing Data||7-26-14||Prior Week|
|Closed Sales for the Week:||7||7|
|Average Sold Price:||$1,136,000||$1,342,123|
|Average $/Sq Foot (Sold)||$779||$810|
|Average Percentage Over List Price:||106%||108%|
|Average DOM of Closed Sales||14||16|
|No. of Homes Pending Sale:||23||25|
|No. of Active Listings:||22||21|
|Average Price of Active Listings:||$1,415,209||$1,542,900|
|Average DOM of Active Listings:||26||31|
|Average $/Sq Foot (List)||$699||$671|
|Active-Pending Ratio:||0.96 : 1||0.84 : 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.
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|
|1316 Orange Avenue||$1,600,000||$1,489,950||+$110,050 (+7.4%)||11|
|1100 Walnut Street||$1,300,000||$1,199,000||+$101,000 (+8.4%)||6|
|1316 Chestnut Street||$1,200,000||$1,160,000||+$40,000 (+3.4%)||16|
|1274 Magnolia Avenue||$1,000,000||$949,000||+$51,000 (+5.4%)||8|
|14 Vine Street||$980,000||$995,000||-$15,000 (-1.5%)||35|
|1066 Cedar Street||$956,000||$949,888||+$6,112 (+0.6%)||16|
|23 Chestnut Street||$916,000||$789,000||+$127,000 (+16.1%)||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. (Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos in the past 3 months.)
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|
|23 Camborne Avenue||9||$2,395,000|
|3230 La Mesa Drive||9||$1,500,000|
|2740 Milano Avenue||7||$1,385,000|
|961 McCue Avenue||8||$899,000|
|109 Club Drive||10||$1,175,000|
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.)
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|
|1110 Hudson Court||$1,685,000||3BR/2BA||2,150/8,208||Laura Bertolacci, Today|
|2258 Howard Avenue||$1,498,000||3BR/2BA||1,770/9,700||Gary Bulanti, Alain Pinel Realtors|
|41 Elston Court||$1,485,000||3BR/3BA||2,390/8,280||Greg Damelio, McGuire Real Estate|
|986 Sunset Drive||$1,395,000||4BR/2.5BA||2,400/7,125||Arn Cenedella, Coldwell Banker|
|260 Fairmont Avenue||$1,395,000||3BR/2BA||1,830/5,550||Pete Vece, Today Sothebys|
|2007 Eucalyptus Avenue||$1,249,000||3BR/3BA||1,520/5,000||Bryce Cook, Today Sothebys|
|1349 Rosewood Avenue||$965,000||2BR/1BA||1,060/4,800||Leila Sisneros, Today Sothebys|
|311 Fairfield Drive||$799,000||2BR/1BA||950/5,000||Kevin Pickett, Keller Williams|
|2508 Eaton Avenue||$729,750||3BR/2BA||1,590/4,500||Diana Daniel, Realworks|
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.)
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|
|10 Iris Lane||$1,438,000||$1,285,000|| +$153,000 (+11.9%)
|3 Geranium Lane||$1,288,000||$1,249,000|| +$39,000 (+3.1%)
|1 Lilly Lane||$1,018,000||$948,000|| +$70,000 (+7.4%)
|3358 Brittan Avenue #18||$725,000||$699,000|| +$26,000 (+3.7%)
(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)
Condo/Townhouse Pending Sale this Week.
The following condos/townhouses went into contract this week:
|1 Laurel Street #401||12|
|1107 Royal Lane||9|
(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)
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|
|13 Chicory Lane||$898,000||2BR/2.5BA||1,793||Eddie Azzopardi, Realty World|
|939 Laurel Street #202||$695,000||2BR/2BA||1,331||Sean Clar, RE/MAX|
(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)
(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)