The San Carlos Real Estate Week in Review: 2-15-15.
February 16, 2015
The combination of low inventory and high buyer anxiety is pushing home prices to mind-numbing heights not only in San Carlos, but in some surrounding communities where you might not expect this type of behavior. One of those local neighborhoods is the Mount Carmel neighborhood of Redwood City, which in fairly close proximity to the southern most part of San Carlos.
Normally, there is a noticeable difference in pricing between equivalent sized homes in Mount Carmel, and anywhere in San Carlos. This is mostly due the to the fact that many buyers would eschew the picturesque Redwood City neighborhood and hold out for the higher ranked school district in San Carlos. But this past week, two 3-bedroom homes went pending in Mount Carmel at prices that certainly seem much more San Carlos-like than Redwood City. The gap between the two cities certainly seems to be closing.
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 2-15-2015:
| San Carlos Housing Data | 2-15-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 3 | 1 |
| Average Sold Price: | $1,593,333 | $1,350,000 |
| Average $/Sq Foot (Sold) | $632 | $785 |
| Average Sold – Percentage Of List Price: | 113% | 113% |
| Average DOM of Closed Sales | 55 | 6 |
| No. of Homes Pending Sale: | 23 | 22 |
| No. of Active Listings: | 10 | 10 |
| Average Price of Active Listings: | $1,331,500 | $1,297,900 |
| Average DOM of Active Listings: | 47 | 7 |
| Average $/Sq Foot (List) | $753 | $729 |
| Active-Pending Ratio: | 0.43 : 1 | 0.45: 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 |
|---|---|---|---|---|
| 55 Sequoia Court | $1,675,000 | $1,549,950 | +$125,050 (+8.1%) | 7 |
| 836 Cedar Street | $1,585,000 | $1,249,000 | +$336,000 (+26.9%) | 10 |
| 905 Bauer Drive | $1,520,000 | $1,449,888 | +$70,112 (+4.8%) | 147 |
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 |
|---|---|---|
| 753 Tamarack Avenue | 8 | $1,158,000 |
| 979 Cherry Street | 11 | $879,000 |
| 1445 Greenwood Avenue | 8 | $1,449,000 |
| 1009 Porto Marino Drive | 9 | $1,495,000 |
| 17 Granite Court | 13 | $1,600,000 |
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 |
|---|---|---|---|---|
| 2140 Elizabeth Street | $1,795,000 | 4BR/3BA | 2,700/11,150 | Joanie Cattermole, Alain Pinel Realtors |
| 47 Winding Way | $1,500,000 | 1BR/1BA | 1,010/18,150 | Julia Boyle, Home Sales Team |
| 7 Krista Lane | $1,488,000 | 3BR/2.5BA | 2,210/9,350 | Mike Horwitz, Better Homes and Gardens |
| 953 Lupin Way Lower | $1,099,000 | 2BR/2BA | 1,420/5,500 | Lynne Carteris, 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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