The San Carlos Real Estate Week in Review: 8-23-14.

The first real wave of housing inventory in the fall market hit San Carlos last week. Nine new listings debuted in the city, which is a nice jump-start from the first few weeks of August when the market was predictably sluggish. Five homes were put into contract, most notably two of the remaining units at Mirabel Place. If you're looking for an gauge on whether new, high-density housing will be well received by the buying public, the development at Mirabel Place should be considered a resounding success. Of the six units that have either sold or are in contract, the average days on market is 3. They were literally either selling before they ever hit the market, or getting snapped up as soon as they hit the MLS.

Look for the pace of new listings to pick up in the coming weeks.  The kids are all back to school this week, minus the UC system and perhaps a few private schools.   The fall market is officially underway in San Carlos!

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 8-23-2014:

San Carlos Housing Data	8-23-14	Prior Week
Closed Sales for the Week:	4	4
Average Sold Price:	$1,322,250	$1,432,500
Average $/Sq Foot (Sold)	$728	$654
Average Percentage Over List Price:	105%	105%
Average DOM of Closed Sales	21	17
No. of Homes Pending Sale:	23	22
No. of Active Listings:	20	17
Average Price of Active Listings:	$1,481,112	$1,581,693
Average DOM of Active Listings:	19	21
Average $/Sq Foot (List)	$758	$745
Active-Pending Ratio:	0.87 : 1	0.77 : 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
337 Clifton Avenue	$1,619,000	$1,785,000	-$166,000 (-9.3%)	42
109 Club Drive	$1,300,000	$1,175,000	+$125,000 (+10.6%)	10
281 Dartmouth Way	$1,220,000	$1,100,000	+$120,000 (+10.9%)	23
1349 Rosewood Avenue	$1,150,000	$965,000	+$185,000 (+19.2%)	7

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
125 Kelton Avenue	42	$2,495,000
111 Mirabel Place	3	$1,285,000
124 Winding Way	12	$925,000
7 Dover Court	11	$1,349,000
107 Mirabel Place	1	$1,585,000

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
340 Elm Street	$1,895,000	4BR/3BA	3,000/18,200	Stephen Hicks, Gateway Properties
107 Mirabel Place	$1,699,000	4BR/3.5BA	2,227/3,331	Mike Bohnert, Coldwell Banker
1721 Cedar Street	$1,624,000	5BR/3BA	2,480/4,480	Leila Sisneros, Today Sothebys
269 Ruby Avenue	$1,610,000	4BR/3BA	2,148/6,600	David Young, Coldwell Banker
43 Sequoia Court	$1,345,000	3BR/2.5BA	1,780/6,790	Margie Wilson, Coldwell Banker
119 Belvedere Avenue	$1,099,950	2BR/1BA	1,328/4,600	Wayne Gordillo, Better Homes & Gardens
333 Oakview Drive	$998,000	3BR/1.5BA	1,500/5,500	Bob Bredel, Today Sothebys
1052 Laurel Avenue	$950,000	2BR/1BA	990/6,000	Karen Cai, Frank Howard Allen
1040 Laurel Avenue	$950,000	2BR/1BA	940/6,000	Karen Cai, Frank Howard Allen

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
1 Laurel Street #401	$612,000	$619,000	-$7,000 (-1.1%)	12

(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)
633 Elm Street #304	9
772 Walnut Street #8	13
1126 Royal Lane	3

(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
1126 Royal Lane	$1,249,000	3BR/2.5BA	2,880	Eddie Azzopardi, Realty World
633 Elm Street #114	$639,000	1BR/1BA	774	Len Moore, Vilmont Investment Properties

(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.)