The San Carlos Real Estate Week in Review: 7-5-15.
July 6, 2015
I hope everyone had a safe and happy 4th of July weekend. It's Monday, and time to get back to reality!
If there will ever be a part of this year where the momentum may swing slightly back in favor of home buyers, this next 5-6 weeks is probably going to be it. This is the time of year where buyers enjoy the unique combination of having the least amount of competition while there is still decent inventory to choose from. There have already been reports in the past week of homes in San Carlos and Belmont that have only gotten one offer – or none at all – once offer dates have been set. This is a sign that there are either fewer buyers in the market, or that the buyers that are out there have suddenly gotten a lot more picky. Whatever the reason is, this simply wasn't happening just a few months ago.
Home owners who decide to sell during the summer months will wisely choose to avoid the 4th of July weekend, so you can expect to see a bump in new listings over the next couple of weeks since we have now passed that date. Home buyers that stay on task may be rewarded in the coming weeks.
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 7-5-2015:
| San Carlos Housing Data | 7-5-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 3 | 2 |
| Average Sold Price: | $1,465,000 | $1,605,000 |
| Average $/Sq Foot (Sold) | $860 | $763 |
| Average Sold as Percentage Of List Price: | 105% | 113% |
| Average DOM of Closed Sales | 13 | 55 |
| No. of Homes Pending Sale: | 25 | 22 |
| No. of New Listings: | 4 | 4 |
| Total # of Active Listings: | 9 | 11 |
| Average Price of Active Listings: | $1,714,889 | $1,910,535 |
| Average DOM of Active Listings: | 19 | 19 |
| Average $/Sq Foot (List) | $726 | $737 |
| Active-Pending Ratio: | 0.36 : 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 |
|---|---|---|---|---|
| 1750 Chestnut Street | $1,908,000 | $1,695,000 | +$213,000 (+12.6%) | 9 |
| 2904 Brittan Avenue | $1,600,000 | $1,548,000 | +$52,000 (+3.3%) | 15 |
| 910 Hall Street | $877,000 | $899,000 | -$22,000 (-2.4%) | 15 |
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 |
|---|---|---|
| 205 Glasgow Lane | 8 | $2,395,000 |
| 259 Winding Way | 11 | $1,325,000 |
| 868 Hemlock Street | 47 | $2,080,000 |
| 932 Lupin Way Upper | 15 | $1,149,000 |
| 235 Lemoore Drive | 7 | $1,588,888 |
| 149 Madera Avenue | 30 | $1,988,000 |
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 |
|---|---|---|---|---|
| 3329 Melendy Drive | $2,395,000 | 4BR/2.5BA | 2,820/6,720 | Susan Wang, Coldwell Banker |
| 540 Pearl Avenue | $1,395,000 | 3BR/2BA | N/A/5,500 | Edward Stephens, Coldwell Banker |
| 31 Vine Street | $1,200,000 | 3BR/1BA | 1,620/5,394 | Sally Thompson, Intero |
| 363 Laurel Street | $1,050,000 | 3BR/1BA | 1,310/6,960 | Robert Stuart |
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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