The San Carlos Real Estate Week in Review: 9-6-14.

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.

___________________________________________________________________

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. (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
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.

(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
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.

(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
13 Chicory Lane	$915,000	$898,000	+$17,000 (+1.9%)	2
772 Walnut Street #8	$627,000	$605,000	+$22,000 (+3.6%)	13
3311 La Mesa Drive #11	$598,000	$569,000	+$29,000 (+5.1%)	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:

Address	DOM (days)
—	—

(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
15 Trillium Lane	$1,050,000	3BR/2.5BA	1,709	Joanna Lem, Gilmartin Group
9 Buttercup Lane	$985,000	3BR/2.5BA	1,709	Eddie Azzopardi, Realty World

(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.)