The San Carlos Real Estate Week in Review: 8-9-15.
August 10, 2015
The Scoop.
Continuing our discussion from last week about the $2,000,000 sales mark for homes in San Carlos, this week marked another interesting milestone — the average list price for all 13 homes currently on the market in San Carlos is now sitting at $2,001,000. Since I have been compiling statistics for the Real Estate Week in Review, I cannot recall if or when the average asking price has ever topped $2M for a given week. I can remember that it wasn't too long ago when the average price of a home in San Carlos first eclipsed the $1,000,000 mark, though. It was more recent than you probably think!
The same milestone also held true for homes that closed escrow this past week, with two of the three homes selling for over $2,000,000. There doesn't seem to be any reluctance to hit this mark in San Carlos, that's for sure.
After a relatively busy week, the condo and townhouse market has went back to sleep. There were no new listings in San Carlos last week in this market segment, and no closed sales to report. Only one unit went pending last week, putting the inventory at three units for sale in the entire city. And those three should all be in contract sometime this week.
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 8-9-2015:
| San Carlos Housing Data | 8-9-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 3 | 5 |
| Average Sold Price: | $2,001,000 | $1,857,500 |
| Average $/Sq Foot (Sold) | $888 | $777 |
| Average Sold as Percentage Of List Price: | 113% | 115% |
| Average DOM of Closed Sales | 28 | 14 |
| No. of Homes Pending Sale: | 21 | 17 |
| No. of New Listings: | 7 | 4 |
| Total # of Active Listings: | 13 | 13 |
| Average Price of Active Listings: | $2,074,308 | $1,759,267 |
| Average DOM of Active Listings: | 11 | 14 |
| Average $/Sq Foot (List) | $751 | $792 |
| Active-Pending Ratio: | 0.62 : 1 | 0.76 : 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 |
|---|---|---|---|---|
| 868 Hemlock Street | $2,525,000 | $2,080,000 | +$445,000 (+21.4%) | 47 |
| 149 Madera Avenue | $2,028,000 | $2,188,000 | -$160,000 (-7.3%) | 30 |
| 136 Garnet Avenue | $1,450,000 | $1,150,000 | +$300,000 (+26.1%) | 8 |
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 |
|---|---|---|
| 363 Laurel Street | 37 | $1,050,000 |
| 440 Chestnut Street | 13 | $1,595,000 |
| 1976 White Oak Way | 12 | $1,195,000 |
| 1561 Greenwood Avenue | 17 | $1,499,500 |
| 229 Oakview Drive | 14 | $1,495,000 |
| 2806 San Carlos Avenue | 7 | $1,098,000 |
| 57 Madera Avenue | 10 | $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 |
|---|---|---|---|---|
| 281 Dartmouth Avenue | $3,198,000 | 4BR/3.5BA | 3,000/14,800 | Todd Weidmer, RealSmart Properties |
| 313 Oakview Drive | $2,595,000 | 4BR/3.5BA | 4,212/7,800 | Medina Begic, Coldwell Banker |
| 204 Exeter Avenue | $1,788,000 | 4BR/3.5BA | 3,450/8,851 | Donna Colangelo, Intero |
| 171 Rogers Avenue | $1,650,000 | 3BR/3BA | 1,845/6,300 | Tom Kucsak, Berkshire Hathaway |
| 509 De Anza Avenue | $1,449,000 | 3BR/2BA | 1,990/10,140 | Michelle Glaubert, Coldwell Banker |
| 2840 Brittan Avenue | $1,399,000 | 3BR/2BA | 2,030/10,374 | Stephen Hicks, Gateway Properties |
| 977 Alameda | $1,148,000 | 3BR/1.5BA | 1,240/6,048 | Justine Ford |
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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