The San Carlos Real Estate Week in Review: 2-8-15.
February 9, 2015
January of 2015 is officially in the books, and it was a robust month by January standards. As I noted earlier on the blog, there were more new single family listings in January of this year than in any January in the past four years. And historically, January's performance tends to be an indicator of how the year will go. So if that logic holds true, buyers should have a slightly better inventory to choose from this Spring. Let's see if that holds up.
Along those very lines, February is off to a promising start with 6 single-family homes and 3 town homes making their market debut this past week. Market demand has remained very strong so far this year — of the four homes that went pending this past week, at least two of them fetched a significant number of offers. The listing at 205 Clifton raised everyone's eyebrows when it was disclosed that it received 29 offers. That has not been the norm this Spring, or at any time in San Carlos, but it does highlight the fact that the market between $1M and $1.5M remains incredibly hot in this market.
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 2-8-2015:
| San Carlos Housing Data | 2-8-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 1 | 4 |
| Average Sold Price: | $1,350,000 | $1,228,675 |
| Average $/Sq Foot (Sold) | $785 | $703 |
| Average Sold – Percentage Of List Price: | 113% | 103% |
| Average DOM of Closed Sales | 6 | 11 |
| No. of Homes Pending Sale: | 22 | 19 |
| No. of Active Listings: | 10 | 8 |
| Average Price of Active Listings: | $1,297,900 | $1,282,494 |
| Average DOM of Active Listings: | 7 | 18 |
| Average $/Sq Foot (List) | $729 | $689 |
| Active-Pending Ratio: | 0.45 : 1 | 0.42: 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 |
|---|---|---|---|---|
| 37 Maple Way | $1,350,000 | $1,190,000 | +$160,000 (+13.4%) | 6 |
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 of each home to see more details and photos:
| Address | DOM (days) | List Price |
|---|---|---|
| 836 Cedar Street | 10 | $1,249,000 |
| 120 Chesham Avenue | 12 | $1,379,950 |
| 969 Crestview Drive | 107 | $1,795,000 |
| 205 Clifton Avenue | 7 | $1,049,000 |
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 |
|---|---|---|---|---|
| 3185 La Mesa Drive | $1,649,000 | 5BR/3BA | 2,910/6,500 | Denise Villeneuve, Intero |
| 1009 Porto Marino Drive | $1,495,000 | 3BR/2.5BA | 1,920/8,750 | Drew Doran, Coldwell Banker |
| 1445 Greenwood Avenue | $1,445,000 | 3BR/2BA | 1,800/5,400 | Justine Ford & Associates |
| 941 Lupin Way, Lower | $1,350,000 | 3BR/2BA | 1,550/5,280 | Catherine Vallee, Wells & Bennett |
| 1092 Hewitt Drive | $1,250,000 | 3BR/2BA | 1,480/7,700 | Teri Shaughnessy, Dwell Realtors |
| 2408 San Carlos Avenue | $999,000 | 3BR/2BA | 1,940/11,245 | Deborah Chelini, 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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