The San Carlos Real Estate Week in Review: 9-20-14.
September 22, 2014
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:
|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.)