The San Carlos Real Estate Week in Review: 9-6-14.
September 9, 2014
The fall real estate market in San Carlos is really flexing its muscle, much as I expected it would. Last week, 9 new listings hit the market, which is a significant injection of inventory for any time of the year let alone the fall. But that barely made a dent in the number of homes for sale, because San Carlos home buyers snapped up 7 homes during the same period. The net result is that the total inventory level remained nearly unchanged from last week, and is sitting at 20 homes for sale at the time of this update.
Open houses were very well attended over the weekend, as many serious buyers were out looking to get their home deal locked up before the holiday season gets here. If you have been looking for a home all year in San Carlos and have been frustrated by the lack of inventory and the intense competition, I highly encourage you to stay on task over the next two months. There will be some really good homes hitting the market this fall, and I believe that those buyers who remain committed to finding their perfect San Carlos home may finally be rewarded.
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 9-6-2014:
| San Carlos Housing Data | 9-6-14 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 6 | 5 |
| Average Sold Price: | $1,315,000 | $1,643,000 |
| Average $/Sq Foot (Sold) | $820 | $713 |
| Average Sold – Percentage Of List Price: | 99% | 109% |
| Average DOM of Closed Sales | 27 | 20 |
| No. of Homes Pending Sale: | 27 | 26 |
| No. of Active Listings: | 20 | 20 |
| Average Price of Active Listings: | $1,327,326 | $1,375,934 |
| Average DOM of Active Listings: | 17 | 21 |
| Average $/Sq Foot (List) | $743 | $728 |
| Active-Pending Ratio: | 0.74 : 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 |
|---|---|---|---|---|
| 2049 Brittan Avenue | $1,990,000 | $2,250,000 | -$260,000 (-11.6%) | 53 |
| 111 Mirabel Place | $1,425,000 | $1,285,000 | +$140,000 (+10.9%) | 3 |
| 928 Elm Street | $1,425,000 | $1,249,000 | +$176,000 (+14.1%) | 9 |
| 2258 Howard Avenue | $1,380,000 | $1,498,000 | -$118,000 (-7.9%) | 25 |
| 311 Fairfield Drive | $865,000 | $799,000 | +$66,000 (+8.3%) | 12 |
| 44 Devonshire Boulevard | $807,000 | $875,000 | -$68,000 (-7.8%) | 62 |
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 |
|---|---|---|
| 8 El Sereno Drive | 3 | $1,498,000 |
| 269 Ruby Avenue | 10 | $1,610,000 |
| 907 Montgomery Street | 10 | $899,950 |
| 245 Highland Avenue | 7 | $1,395,000 |
| 75 Bayport Court | 11 | $1,049,000 |
| 1721 Cedar Street | 15 | $1,624,000 |
| 986 Sunset Drive | 49 | $1,350,000 |
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.
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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 |
|---|---|---|---|---|
| 1512 Howard Avenue | $1,800,000 | 4BR/2BA | 2,400/5,000 | Christine Morgan, RE/MAX |
| 3140 Melendy Drive | $1,698,000 | 3BR/3BA | 2,150/9,360 | Chuck Gillooley, Alain Pinel Realtors |
| 460 Phelps Road | $1,499,900 | 3BR/2.5BA | 1,970/9,624 | Deanna Reudy, McGuire Real Estate |
| 905 Bauer Drive | $1,449,888 | 6BR/3BA | 2,920/7,062 | Carmen Miranda, Alain Pinel Realtors |
| 107 Winding Way | $1,349,000 | 3BR/2.5BA | 2,050/5,786 | David Young, Coldwell Banker |
| 2753 Bromley Drive | $1,250,000 | 3BR/2BA | 1,710/20,560 | Teri Shaughnessy, RE/MAX |
| 23 Willow Glen Way | $1,175,000 | 3BR/2BA | 1,380/3,915 | Marilou Atencio, Coldwell Banker |
| 1020 Orange Avenue | $849,950 | 2BR/1BA | 1,080/5,000 | Maxine and Michelle Dumas, Dumas & Company |
| 950 Cherry Street | $745,000 | 2BR/1BA | 814/2,500 | Tamara Patterson, 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.
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