The San Carlos Real Estate Week in Review: 1-10-15.
January 12, 2015
The early-January real estate market in San Carlos is slowly starting to awaken from the traditional holiday hibernation. There were 3 new listings to hit the market last week, and more that are in the planning phases to make their debut in the coming weeks. It will take a pretty significant push to get the inventory back up into the double-digits, but early indications are showing that January will be an active month.
If you're a buyer in this market, it would be good advice to pay close attention to the market in the coming weeks. There should be some good opportunities coming available.
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 1-10-2015:
| San Carlos Housing Data | 1-10-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 3 | 3 |
| Average Sold Price: | $1,485,000 | $1,122,960 |
| Average $/Sq Foot (Sold) | $603 | $804 |
| Average Sold – Percentage Of List Price: | 97% | 100% |
| Average DOM of Closed Sales | 31 | 24 |
| No. of Homes Pending Sale: | 13 | 16 |
| No. of Active Listings: | 5 | 3 |
| Average Price of Active Listings: | $1,310,990 | $1,189,667 |
| Average DOM of Active Listings: | 9 | 32 |
| Average $/Sq Foot (List) | $758 | $804 |
| Active-Pending Ratio: | 0.38 : 1 | 0.19: 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 |
|---|---|---|---|---|
| 3394 Melendy Drive | $1,685,000 | $1,749,000 | -$64,000 (-3.7%) | 40 |
| 208 Exeter Avenue | $1,520,000 | $1,499,900 | +$20,100 (+1.3%) | 9 |
| 240 Chesham Avenue | $1,250,000 | $1,349,000 | -$99,000 (-7.3%) | 45 |
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 |
|---|---|---|
| 1005 Cherry Street | 10 | $849,000 |
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 see more details and photos.
| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
|---|---|---|---|---|
| 55 Sequoia Court | $1,549,500 | 4BR/2.5BA | 2,610/5,096 | Maxine Dumas, Dumas & Company |
| 162 Coronado Avenue | $1,495,000 | 4BR/3BA | 1,990/7,700 | Mike Torres, Century 21 |
| 37 Maple Way | $1,190,000 | 3BR/2BA | 1,720/5,450 | David Young, 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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