The San Carlos Real Estate Week in Review: 12-13-14.
December 15, 2014
As we enter the final weeks of the year, the pace of activity is starting to slow down. This is to be expected, since December and January are perennially two of the slower months in the real estate year. Last week, “2” seemed to be the magic number — two new listings, two pending sales, and two closed escrows.
I would expect more of the same this week as we start the final “full” week of 2014. Most people who are considering selling their homes will likely wait until after the first of the year to avoid competing with the holiday season. This is a big reason why our inventory is where it's at — a combined total of 5 homes, townhomes, and condos available in the entire city! I can't remember a time when inventory was that low.
But rest assured, that will change in the new 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 12-13-2014:
| San Carlos Housing Data | 12-13-14 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 2 | 5 |
| Average Sold Price: | $1,288,000 | $1,255,100 |
| Average $/Sq Foot (Sold) | $1,009 | $798 |
| Average Sold – Percentage Of List Price: | 120% | 114% |
| Average DOM of Closed Sales | 11 | 17 |
| No. of Homes Pending Sale: | 18 | 18 |
| No. of Active Listings: | 4 | 6 |
| Average Price of Active Listings: | $1,344,250 | $1,467,798 |
| Average DOM of Active Listings: | 19 | 35 |
| Average $/Sq Foot (List) | $777 | $722 |
| Active-Pending Ratio: | 0.21 : 1 | 0.33: 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 |
|---|---|---|---|---|
| 2731 Victoria Manor | $1,452,000 | $1,295,000 | +$157,000 (+12.1%) | 9 |
| 139 Plymouth Avenue | $1,124,000 | $875,000 | +$249,000 (+28.5%) | 13 |
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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 |
|---|---|---|
| 25 Wildwood Avenue | 8 | $975,000 |
| 208 Exeter Avenue | 9 | $1,499,900 |
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 see more details and photos.
| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
|---|---|---|---|---|
| 954 Sunset Drive | $1,295,000 | 3BR/2BA | 1,970/5,040 | Carol Segelke, Segelke Realty |
| 961 Hall Street | $799,000 | 2BR/1BA | 830/4,700 | Ann Olea-Wikjstrom, Keller Williams |
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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Hi Chuck, greetings from Way up north..been reading your blog, and just wanted to say how impressive it is – what a great amount of detail you provide! Looks like your market is really hot, too. Wishing you happy holidays, and a prosperous 2015. Cheers!