The San Carlos Real Estate Week in Review: 6-14-15.
June 15, 2015
One of the changes that is common to see around this time of year is that the number offers that each property fetches tends to drop from what you might see in the peak months of March-May. This makes sense, because when the calendar hits June, many buyers hit the road. And if it's not vacation that's beckoning, it's the multitude of graduations and weddings that are pulling at everyone's time.
It's important to note this, because what is not happening right now with this decrease in offers is a decrease in purchase prices. Quite the contrary – although the homes that went pending over the past two weeks fetched fewer offers, there was definitely no signs of weakness in the prices that these homes fetched, as you will see when the sales prices are posted on the blog in the coming weeks.
It's important for buyers to not get lulled into a sense of complacency if they are only up against 1-2 other offers on a particular property, because it's clear from the market performance that a decrease in the number of offers is not causing a decrease in the final price.
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 6-14-2015:
| San Carlos Housing Data | 6-14-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 5 | 3 |
| Average Sold Price: | $1,736,300 | $1,551,933 |
| Average $/Sq Foot (Sold) | $826 | $909 |
| Average Sold as Percentage Of List Price: | 110% | 106% |
| Average DOM of Closed Sales | 13 | 9 |
| No. of Homes Pending Sale: | 24 | 22 |
| No. of New Listings: | 5 | 6 |
| Total # of Active Listings: | 9 | 11 |
| Average Price of Active Listings: | $1,895,556 | $1,962,364 |
| Average DOM of Active Listings: | 20 | 20 |
| Average $/Sq Foot (List) | $757 | $770 |
| Active-Pending Ratio: | 0.38 : 1 | 0.50 : 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 |
|---|---|---|---|---|
| 24 Oak Creek Lane | $1,850,000 | $1,695,000 | +$155,000 (+9.1%) | 7 |
| 2532 San Carlos Avenue | $1,800,000 | $1,980,000 | -$180,000 (-9.1%) | 23 |
| 50 Club Drive | $1,708,000 | $1,498,000 | +$210,000 (+14.0%) | 12 |
| 1920 Eucalyptus Avenue | $1,700,000 | $1,300,000 | +$400,000 (+30.8%) | 7 |
| 173 Fairmont Avenue | $1,625,000 | $1,549,000 | +$76,000 (+4.9%) | 16 |
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 |
|---|---|---|
| 947 Woodland Avenue | 25 | $1,889,000 |
| 136 Garnet Avenue | 8 | $1,150,000 |
| 1816 Greenwood Avenue | 9 | $1,498,000 |
| 1750 Chestnut Street | 9 | $1,695,000 |
| 996 Hall Street | 5 | $1,049,000 |
| 1050 Drake Court | 17 | $1,990,000 |
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. _______________________________________________________________________________________
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 |
|---|---|---|---|---|
| 1985 Saint Francis Way | $1,848,000 | 4BR/3BA | 2,416/5,500 | Chuck Gillooley, Dwell Realtors |
| 2012 Saint Francis Way | $1,675,000 | 3BR/2BA | 2,060/6,328 | Ken Nichols, Realty World |
| 54 Madera Avenue | $1,498,000 | 3BR/3BA | 1,940/5,952 | Craig Smith, Intero |
| 996 Hall Street | $1,049,000 | 3BR/2BA | 1,510/5,000 | Bryan Jacobs, Realsmart Properties |
| 1026 Alameda de las Pulgas | $975,000 | 2BR/1BA | 1,007/5,856 | Lana Wong, Alain Pinel Realtors |
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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