The San Carlos Real Estate Week in Review: 2-8-15.

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. (Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos over the past month.)

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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.

(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
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.

(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
—	$–	$–	$–	—

(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)
3347 Brittan Avenue #2	7
2 Elm Street #101	7

(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
14 Trillium Lane	$1,050,000	2BR/2.5BA	1,793	Tony Gabb, RE/MAX
10 Pyxie Lane	$895,000	2BR/2BA	1,350	Lottie Kendall, Today Sothebys
7 Pyxie Lane	$789,000	2BR/2BA	1,350	Amy Anderson, Keller Williams

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

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