The San Carlos Real Estate Week in Review: 2-1-15.
February 2, 2015
The activity was very intense last week in the world of San Carlos real estate, especially considering that we're still in the final week of January, which is traditionally a slower month. But buyers really rolled up their sleeves and battled for the few homes that were on the market. 8 homes went into contract in the last 7 days, with the vast majority of them getting multiple offers.
That in itself is not a surprise, but the prices that some of these homes fetched will raise some eyebrows when they are posted in a few weeks. And the sheer strength of the offers that are being written (even the losing ones) is simply amazing. Suffice it to say that the new year has not brought any relief in pricing for homes in San Carlos. The game is definitely on.
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 2-1-2015:
| San Carlos Housing Data | 2-1-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 4 | 4 |
| Average Sold Price: | $1,228,675 | $1,358,750 |
| Average $/Sq Foot (Sold) | $703 | $860 |
| Average Sold – Percentage Of List Price: | 103% | 99% |
| Average DOM of Closed Sales | 11 | 37 |
| No. of Homes Pending Sale: | 19 | 15 |
| No. of Active Listings: | 8 | 11 |
| Average Price of Active Listings: | $1,282,494 | $1,534,177 |
| Average DOM of Active Listings: | 18 | 16 |
| Average $/Sq Foot (List) | $689 | $786 |
| Active-Pending Ratio: | 0.42 : 1 | 0.69: 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 |
|---|---|---|---|---|
| 179 Bayview Drive | $1,590,000 | $1,549,000 | +$41,000 (+2.6%) | 14 |
| 954 Sunset Drive | $1,470,000 | $1,395,000 | +$75,000 (+5.4%) | 16 |
| 1230 Greenbrier Road | $969,700 | $988,888 | -$19,188 (-1.9%) | 5 |
| 1005 Cherry Street | $885,000 | $849,000 | +$36,000 (+4.2%) | 10 |
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 |
|---|---|---|
| 149 Lynton Avenue | 10 | $1,687,000 |
| 2515 Eaton Avenue | 15 | $2,289,000 |
| 1911 Belle Avenue | 14 | $1,525,000 |
| 999 Orange Avenue | 13 | $1,498,000 |
| 287 Alberta Avenue | 13 | $1,379,000 |
| 1039 Springfield Drive | 7 | $939,000 |
| 212 Fairmont Avenue | 7 | $1,485,000 |
| 875 Heather Drive | 9 | $1,650,000 |
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 |
|---|---|---|---|---|
| 17 Granite Court | $1,600,000 | 3BR/3BA | 2,320/6,464 | Michael Mendenhall, Keller Williams |
| 753 Tamarack Avenue | $1,158,000 | 3BR/2BA | 1,820/6,732 | Lou Carlos, Coldwell Banker |
| 1385 Alameda de las Pulgas | $1,150,000 | 3BR/2BA | 1,670/5,500 | Lana Kuo, Access |
| 205 Clifton Avenue | $1,049,000 | 3BR/2BA | 1,440/6,300 | Val Vandervort, Keller Williams |
| 979 Cherry Street | $879,000 | 3BR/1.5BA | 980/5,000 | Robert Applegate, 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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