The San Carlos Real Estate Week in Review: 11-15-14.

The pendulum swung back toward the buyers direction this past week in San Carlos, at least temporarily, as ten new listings made their debut on the market. And during the same period of time only one home went into contract, which combined to temporarily push the inventory of single-family homes briefly up to 18.  That's not a huge number, but it's 80% more than what we had at the same time just a week ago.  Unless we get a similar push of new listings this week, don't expect the inventory to stay at this level for long — homes that are on the market now are either going to sell, or you can expect that sellers who haven't been successful may consider taking their home off the market for the holidays, and try a fresh start after the first of the year.   Either way, I believe we will be looking at fairly sparse inventory from this point through the end of the year.

Here are the details from last week:

By the Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 11-15-2014:

San Carlos Housing Data	11-15-14	Prior Week
Closed Sales for the Week:	6	3
Average Sold Price:	$1,590,833	$1,833,333
Average $/Sq Foot (Sold)	$762	$776
Average Sold – Percentage Of List Price:	108%	117%
Average DOM of Closed Sales	22	11
No. of Homes Pending Sale:	19	23
No. of Active Listings:	18	10
Average Price of Active Listings:	$1,391,035	$1,632,066
Average DOM of Active Listings:	32	57
Average $/Sq Foot (List)	$770	$760
Active-Pending Ratio:	0.94 : 1	0.48: 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
27 Madera Avenue	$1,925,000	$2,149,000	-$224,000 (-10.4%)	102
975 Buckland Avenue	$1,700,000	$1,499,000	+$201,000 (+13.4%)	13
1825 Saint Francis Way	$1,700,000	$1,700,000	$0 (0%)	0
1357 Cedar Street	$1,630,000	$1,295,000	+$335,000 (+25.9%)	4
420 Winding Way	$1,350,000	$1,275,000	+$75,000 (+5.9%)	11
1528 Cordilleras Avenue	$1,240,000	$1,089,000	+$151,000 (+13.9%)	4

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.)

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San Carlos Homes Pending Sale for the Week:

The following homes went into contract his week. Click on the address of each home to see more details and photos:

Address	DOM (days)	List Price
330 Emerald Avenue	75	$1,498,888

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.)

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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 see more details and photos.

Address	List Price	BR/BA	Sq Ft (home/lot)	Listed By
1322 Central Avenue	$1,898,000	4BR/3BA	2,880/8,000	John Shroyer, Today Sothebys
1924 Saint Francis Way	$1,649,000	3BR/2BA	1,680/6,050	Bob Bredel, Today Sothebys
179 Bay View Drive	$1,549,000	3BR/2.5BA	3,268/8,900	Greg Celotti, Alain Pinel Realtors
2731 Victoria Manor	$1,295,000	3BR/2BA	1,550/5,500	Susan Silver, Intero
203 Club Drive	$1,224,950	3BR/1BA	1,650/18,515	Donna Colangelo, Intero
128 Garnet Avenue	$1,050,000	2BR/2.5BA	1,440/5,500	Teri Shaughnessy, RE/MAX
1356 Walnut Street	$925,000	2BR/1BA	1,130/5,080	Joe Carcione, RE/MAX
1031 Sylvan Drive	$799,750	2BR/1BA	820/5,000	Jim Lopez, RE Realty Experts
1004 Montgomery Street	$799,000	2BR/1BA	1,180/5,000	Anne King, Keller Williams
410 Ridge Road	$724,950	2BR/1BA	1,120/5,600	David Blewett, Intero

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.)

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Condos and Townhomes Sold in San Carlos:

Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.

Address	Sold Price	Orig. List	Difference	DOM
3 Trillium Lane	$1,200,000	$1,150,000	+$50,000 (+4.3%)	0
1 Chicory Lane #106	$1,040,000	$899,950	+$140,050 (+15.6%)	9
757 Elm Street #12	$675,000	$700,000	-$25,000 (-3.6%)	0

(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)

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Condo/Townhouse Pending Sale this Week.

The following condos/townhouses went into contract this week. Click on the address of each home to see more details and photos.

Address	DOM (days)
222 Laurel Street #309	24
1120 Royal Lane	17
1700 San Carlos Avenue #102	22

(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address of each home to see more details and photos.

Address	List Price	BR/BA	Sq Feet	Listed By
—	$–	—	—	—

(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)

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