The San Carlos Real Estate Week in Review: 7-26-15.
July 27, 2015
The Scoop.
It was a surprisingly robust week for new listings in San Carlos, considering that we're smack in the middle of the summer and late-July is not traditionally a strong market for listing homes. Nonetheless, there were seven new single-family listings that entered the market last week, which helped to drive the inventory up to a total of 14 homes for sale. That's still not a huge number, but it's a good pop above where we closed the previous week.
Sale prices for homes that closed last week were remarkably strong, too, with the sales prices fetching a whopping 19% above the list price on average. That's significantly higher than what we typically see on a weekly basis, and this week it can be attributed both to some surprisingly strong sales prices, combined with a few homes that were simply under-priced to begin with, which skewed that number slightly upward.
But regardless, the market still remains active and strong for single-family residences in San Carlos. The same can't be said for condos and townhomes, though. As of this morning, there is only one condo for sale in the entire city
Here's the scoop from last week:
The Numbers.
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 7-26-2015:
| San Carlos Housing Data | 7-26-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 6 | 8 |
| Average Sold Price: | $1,471,000 | $1,837,725 |
| Average $/Sq Foot (Sold) | $795 | $852 |
| Average Sold as Percentage Of List Price: | 119% | 110% |
| Average DOM of Closed Sales | 10 | 23 |
| No. of Homes Pending Sale: | 16 | 19 |
| No. of New Listings: | 7 | 4 |
| Total # of Active Listings: | 14 | 10 |
| Average Price of Active Listings: | $1,785,243 | $1,829,395 |
| Average DOM of Active Listings: | 12 | 11 |
| Average $/Sq Foot (List) | $785 | $823 |
| Active-Pending Ratio: | 0.89 : 1 | 0.53 : 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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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 |
|---|---|---|---|---|
| 235 Lemoore Drive | $1,800,000 | $1,588,888 | +$211,112 (+13.3%) | 7 |
| 108 Rockridge Road | $1,700,000 | $1,445,000 | +$255,000 (+17.6%) | 12 |
| 174 Ruby Avenue | $1,551,000 | $1,198,000 | +$353,000 (+29.5%) | 7 |
| 259 Winding Way | $1,525,000 | $1,325,000 | +$200,000 (+15.1%) | 11 |
| 2220 San Carlos Avenue | $1,225,000 | $899,000 | +$326,000 (+36.3%) | 12 |
| 1026 Alameda de las Pulgas | $1,025,000 | $975,000 | +$50,000 (+5.1%) | 13 |
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 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 |
|---|---|---|
| 100 Edgehill Drive | 10 | $1,449,000 |
| 1160 Walnut Street | 11 | $1,099,000 |
| 517 Cedar Street | 8 | $1,199,000 |
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 |
|---|---|---|---|---|
| 1042 Buckland Avenue | $1,695,000 | 4BR/2.5BA | 2,260/7,675 | David Young, Coldwell Banker |
| 152 Exeter Avenue | $1,668,000 | 3BR/2.5BA | 2,860/10,300 | Travis Conte, Berkshire Hathway |
| 440 Chestnut Street | $1,595,000 | 2BR/3BA | 2,460/10,990 | Patricia Giosso, Coldwell Banker |
| 1561 Greenwood Avenue | $1,499,500 | 3BR/2BA | 1,640/5,080 | Neil Mckinnell, Sequoia Realty |
| 229 Oakview Drive | $1,495,000 | 3BR/2BA | 1,630/8,100 | Val Vandervort, Keller Williams |
| 2805 Brittan Avenue | $1,298,950 | 4BR/2BA | 2,170/10,400 | Sandi Paoli, Today Sothebys |
| 1976 White Oak Way | $1,195,000 | 2BR/1BA | 1,230/5,600 | John Shroyer, 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.
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