The San Carlos Real Estate Week in Review: 10-25-14.

This past week in San Carlos the market tallied another round of stellar sales results, and that was right on the heels of an equally strong week before.   The data from the 8 homes that closed escrow is pretty amazing:  $881/ square foot, 106% of the list price, and only 8 days on average to sell.   Those are almost Spring-like numbers, but it confirms what I have conveyed all along in the pages of this site — the early part of the Fall market, from Labor Day to about mid-October, is a very robust “secondary” market and nearly rivals the traditional Spring buying season.

Despite all of the expectation that interest rates would start to climb, world events and a rocky ride on the stock market over the past two weeks have kept rates bouncing along at rock-bottom levels.  The conditions are still very good for buyers in this abbreviated market.  The only thing holding back this market, as has been the case all year, is a lack of good inventory.  This means that sellers should still be able to secure very good pricing all the way up through the Thanksgiving holiday weekend.

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 10-25-2014:

San Carlos Housing Data	10-25-14	Prior Week
Closed Sales for the Week:	8	6
Average Sold Price:	$1,505,486	$1,481,667
Average $/Sq Foot (Sold)	$881	$825
Average Sold – Percentage Of List Price:	106%	113%
Average DOM of Closed Sales	8	10
No. of Homes Pending Sale:	21	23
No. of Active Listings:	17	16
Average Price of Active Listings:	$1,529,575	$1,526,361
Average DOM of Active Listings:	35	37
Average $/Sq Foot (List)	$706	$605
Active-Pending Ratio:	0.81 : 1	0.7: 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
109 Wildwood Avenue	$1,840,000	$1,840,000	+$0 (+0%)	0
3140 Melendy Drive	$1,705,000	$1,698,000	+$7,000 (+0.4%)	14
808 Bauer Drive	$1,608,888	$1,478,888	+$130,000 (+8.8%)	11
117 Highland Avenue	$1,600,000	$1,399,950	+$200,050 (+14.3%)	3
2651 Eaton Avenue	$1,450,000	$1,380,000	+$70,000 (+5.1%)	9
419 Emerald Avenue	$1,425,000	$1,289,000	+$136,000 (+10.6%)	7
220 Oakview Drive	$1,265,000	$1,249,000	+$16,000 (+1.3%)	8
1725 Eaton Avenue	$1,150,000	$998,000	+$152,000 (+15.2%)	12

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
197 Coventry Court	8	$1,400,000
166 Loma Road	10	$1,395,000
240 Chesham Avenue	45	$1,349,000
502 Cedar Street	35	$1,298,000
1357 Cedar Street	4	$1,295,000

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
436 Laurel Street	$2,388,000	2BR/1.5BA	1,200/6,975	Robert Stafford, Stafford Realty
969 Crestview Drive	$1,888,000	4BR/2.5BA	3,280/13,175	Chet Lane, Prudential California Realty
1357 Cedar Street	$1,295,000	3BR/2BA	1,840/5,700	Hiep Nguyen, Intero
2284 Carmelita Drive	$1,049,000	2BR/1BA	1,290/4,400	Sandy Rostad, Coldwell Banker
345 Oakview Drive	$899,000	3BR/2BA	1,920/7,150	Marilyn Koron, 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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