The San Carlos Real Estate Week in Review: 8-16-14.
August 18, 2014
The late-summer slowdown continued in the San Carlos real estate market this past week as the summer break starts to wrap up. For those buyers still looking in San Carlos, these are the market conditions that you've been waiting for all year — less competition, fewer multiple offers, and continued favorable interest rates. Just look at the pending sales numbers this past week. For the 5 homes that went pending, they took an average of over 21 days to get into contract, and most only had one offer to work with. That's an incredible difference from just a few months ago when everything was garnering multiple offers and moving in the first 7-10 days.
Granted, inventory is a bit sparse with only 17 homes to choose from, but there are still some really nice homes just sitting on the market right now. But look for that to change starting around Labor Day. Inspectors and stagers are reporting that they are getting booked out weeks in advance, which means there are more new listings coming. I will have two incredibly beautiful San Carlos listings that will be hitting the market in September — both are in prime locations in White Oaks and Howard Park. Stay tuned to the site in the coming weeks for more info about these stellar homes.
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 8-16-2014:
|San Carlos Housing Data||8-16-14||Prior Week|
|Closed Sales for the Week:||4||4|
|Average Sold Price:||$1,432,500||$1,428,750|
|Average $/Sq Foot (Sold)||$654||$816|
|Average Percentage Over List Price:||105%||101%|
|Average DOM of Closed Sales||17||19|
|No. of Homes Pending Sale:||22||19|
|No. of Active Listings:||17||21|
|Average Price of Active Listings:||$1,581,693||$1,522,511|
|Average DOM of Active Listings:||21||33|
|Average $/Sq Foot (List)||$745||$728|
|Active-Pending Ratio:||0.77 : 1||1.1 : 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|
|20 Molton Avenue||$1,725,000||$1,800,000||-$75,000 (-4.2%)||33|
|2740 Milano Way||$1,620,000||$1,385,000||+$235,000 (+17.0%)||7|
|507 Exeter Way||$1,350,000||$1,399,000||-$49,000 (-3.5%)||18|
|961 McCue Avenue||$1,035,000||$899,000||+$136,000 (+15.1%)||8|
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|
|2646 Eaton Avenue||45||$1,499,000|
|928 Elm Street||9||$1,249,000|
|2007 Eucalyptus Avenue||20||$1,240,000|
|109 Windsor Drive||7||$1,698,000|
|2258 Howard Avenue||25||$1,498,000|
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|
|3166 La Mesa Drive||$1,895,000||5BR/3BA||2,700/7,318||Janis Ahmadjian-Baer, Alain Pinel Realtors|
|3189 La Mesa Drive||$1,699,000||3BR/2BA||2,040/7,800||Stanley Lo, Green Banker|
|7 Dover Court||$1,349,000||3BR/2.5BA||2,010/8,000||John Shroyer, Today Sothebys|
|111 Mirabel Place||$1,285,000||4BR/3.5BA||2,186/2,034||Mike Bohnert, Coldwell Banker|
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|
|2 Elm Street #102||$635,000||$598,000||+$37,000 (+6.2%)||19|
(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:
|5 Iris Lane||2|
|3290 La Mesa Drive #1||12|
(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|
|12 Daffodil Lane||$1,248,000||2BR/2.5BA||2,040||Eddie Azzopardi, Realty World|
|5 Iris Lane||$925,000||3BR/2.5BA||2,310||Mary Duvall, Coldwell Banker|
|633 Elm Street #304||$845,000||2BR/2BA||1,096||Cesar Cervantes, 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)
(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)