The San Carlos Real Estate Week in Review: 8-16-14.

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.

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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
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.)

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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
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.)

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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
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.)

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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)

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Condo/Townhouse Pending Sale this Week.

The following condos/townhouses went into contract this week:

Address	DOM (days)
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)

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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)

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(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)