The San Carlos Real Estate Week in Review: 9-20-14.

The Fall real estate market is now in full swing in San Carlos.  There were 12 closings last week, which is a testament to how much activity has been going on in the past month or so.  Pricing has remained strong, with the past group of homes fetching an average of 8% over the asking price.  Some were much higher, as you can see below.

Buyers made a strong statement that they are back in the hunt, as seven homes from last week's inventory were snapped up — and it's worth noting that all 7 of these homes were only on the market for two weeks or less.  So the inventory is turning at a pretty brisk pace again right now in San Carlos.  What's the message in that for buyers?  You need to make sure you get out to see new homes as soon as they hit the market.  The homes that are priced right and check the most number of boxes for today's buyers are starting to sell again in just the first week on the market.

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 9-20-2014:

San Carlos Housing Data	9-20-14	Prior Week
Closed Sales for the Week:	12	3
Average Sold Price:	$1,460,042	$1,173,333
Average $/Sq Foot (Sold)	$819	$653
Average Sold – Percentage Of List Price:	108%	101%
Average DOM of Closed Sales	10	31
No. of Homes Pending Sale:	27	34
No. of Active Listings:	16	15
Average Price of Active Listings:	$1,406,479	$1,411,779
Average DOM of Active Listings:	15	18
Average $/Sq Foot (List)	$706	$734
Active-Pending Ratio:	0.6 : 1	0.44 : 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
3166 La Mesa Drive	$2,000,000	$1,895,000	+$105,000 (+5.5%)	12
340 Elm Street	$1,849,500	$1,849,500	$0 (0%)	11
8 El Sereno Drive	$1,770,000	$1,498,000	+$272,000 (+18.2%)	3
107 Mirabel Place	$1,685,000	$1,585,000	+$100,000 (+6.3%)	1
245 Highland Avenue	$1,602,000	$1,395,000	+$207,000 (+14.8%)	7
43 Sequoia Court	$1,527,000	$1,345,000	+$182,000 (+13.5%)	8
7 Dover Court	$1,382,000	$1,349,000	+$33,000 (+2.4%)	11
2043 Saint Francis Way	$1,375,000	$1,375,000	$0 (0%)	12
21 Hilltop Drive	$1,250,000	$1,349,000	-$99,000 (-7.3%)	20
1020 Orange Avenue	$1,130,000	$849,950	+$280,050 (+32.9%)	6
124 Winding Way	$1,100,000	$925,000	+$175,000 (+18.9%)	12
976 Holly Street	$850,000	$786,000	+$64,000 (+8.1%)	13

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
154 Alberta Avenue	7	$1,299,000
23 Willow Glen Way	13	$1,175,000
460 Phelps Road	10	$1,499,900
107 Winding Way	11	$1,349,000
2753 Bromley Drive	13	$1,250,000
9 Sara Lane	0	$2,250,000
3140 Melendy Drive	14	$1,698,000

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
191 Fairmont Avenue	$1,699,888	4BR/2BA	1,930/6,496	Dave Blewett, Intero
35 Bay View Drive	$1,549,000	3BR/2.5BA	2,619/8,200	The Symon Group, Alain Pinel Realtors
808 Bauer Drive	$1,478,888	4BR/2BA	2,160/8,176	Lorelei Komm, Keller Williams
502 Cedar Street	$1,398,000	3BR/2BA	2,023/6,475	Holly Noto, Coldwell Banker
1700 Greenwood Avenue	$1,395,000	3BR/2BA	1,690/5,440	Chuck Gillooley, Alain Pinel Realtors
1221 Highland Court	$1,350,000	4BR/2BA	2,380/11,242	Lottie Kendall, Today Sothebys
1750 Chestnut Street	$1,049,000	2BR/2BA	1,290/6,420	Stephen Hicks, Gateway Properties
1230 Greenbrier Road	$988,888	3BR/2.5BA	1,720/8,200	Frank Welch, BC Home Realty

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
939 Laurel Street #202	$680,000	$695,000	-$15,000 (-2.2%)	31
633 Elm Street #114	$675,000	$639,000	+$36,000 (+5.6%)	14
602 Cedar Street #2	$655,000	$649,000	+$6,000 (+0.9%)	22

(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)
222 Laurel Street #203	9
9 Buttercup Lane	8
728 Elm Street #108	7

(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
11 Trillium Lane	$985,000	2BR/2.5BA	1,793	Eddie Azzopardi, Realty World
3375 Brittan Avenue #12	$795,000	3BR/2BA	1,239	Wendi Selig-Aimonetti, Coldwell Banker
1561 Cherry Street #5	$631,000	2BR/1BA	993	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)

___________________________________________________________________

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