The San Carlos Real Estate Week in Review: 7-19-15.
July 20, 2015
I always like to comb through the data every week when I run these reports to look for particular numbers that stand out. There's usually one or two that will raise an eyebrow, and this week is no exception.
The first number that jumped out at me was the average sold price in San Carlos last week, which was a a whopping $1,837,725. And that's just the average price for the week, and it's abnormally skewed by having a small data pool. There were 8 homes that closed escrow last week, which is a decent number for San Carlos, and half of them sold for $1.9M or higher.
Along the same theme, the second number that made me take notice was the average list price for a single-family home in San Carlos, which has now topped $1.8M. This 8% jump in the average list price in just a single week can be largely attributed to the addition of the $3M listing at 120 Wingate Avenue, but it's still amazing to see how high home prices have climbed in San Carlos in just a few years. The City of Good Living is becoming an expensive place to live.
Here's the scoop from last week:
Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 7-19-2015:
|San Carlos Housing Data||7-19-15||Prior Week|
|Closed Sales for the Week:||8||4|
|Average Sold Price:||$1,837,725||$1,775,950|
|Average $/Sq Foot (Sold)||$852||$801|
|Average Sold as Percentage Of List Price:||110%||112%|
|Average DOM of Closed Sales||23||28|
|No. of Homes Pending Sale:||19||24|
|No. of New Listings:||4||5|
|Total # of Active Listings:||10||9|
|Average Price of Active Listings:||$1,829,395||$1,693,100|
|Average DOM of Active Listings:||11||9|
|Average $/Sq Foot (List)||$823||$807|
|Active-Pending Ratio:||0.53 : 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.
San Carlos Single-Family Homes Sold:
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|
|205 Glasgow Lane||$2,400,000||$2,395,000||+$5,000 (+0.2%)||8|
|575 Alameda||$2,335,000||$2,300,000||+$35,000 (+1.5%)||34|
|54 Madera Avenue||$1,940,000||$1,498,000||+$442,000 (+29.5%)||13|
|1816 Greenwood Avenue||$1,912,800||$1,498,000||+$414,800 (+27.7%)||9|
|947 Woodland Avenue||$1,889,000||$1,889,000||$0 (0%)||25|
|90 Hartford Avenue||$1,650,000||$1,650,000||$0 (0%)||30|
|49 Madera Avenue||$1,350,000||$1,300,000||+$50,000 (+3.8%)||63|
|996 Hall Street||$1,225,000||$1,049,000||+$176,000 (+16.8%)||5|
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.
San Carlos Single-Family Homes Pending Sale:
The following single-family homes went into contract in San Carlos this past week. Click on the address of each home to see more details and photos:
|Address||DOM (days)||List Price|
|3329 Melendy Drive||13||$1,499,000|
|31 Vine Street||14||$1,200,000|
|1350 Chestnut Street||10||$1,488,000|
|540 Pearl Avenue||14||$1,395,000|
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|
|120 Wingate Avenue||$2,998,000||3BR/2.5BA||3,620/58,692||Tom Huff, Coldwell Banker|
|1016 Porto Marino Drive||$1,448,000||3BR/2BA||1,590/12,240||Val Vandervort, Keller Williams|
|209 Beverly Drive||$1,299,950||3BR/2.5BA||2,100/11,600||Donna Colangelo, Intero|
|517 Cedar Street||$1,199,000||3BR/1BA||1,290/5,824||Bryce Cook, Today Sothebys|
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.)
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|
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.
|618 Walnut Street #406||11|
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|
|3341 Brittan Avenue #1||$779,950||3BR/2BA||1,239||Gina Scafani, Renovation Realty|
(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)