The San Carlos Real Estate Week in Review: 8-16-15.
August 17, 2015
The Scoop.
This past week marked the first of the back-to-school weeks, and the end of summer break for many in San Carlos. It's shocking to believe that summer break is already over! But it also marks the beginning of what we hope will be a very robust Fall real estate market here in San Carlos. This is traditionally the last 3-month period of the year (August 15 – November 15) that sellers will put their homes on the market before shutting everything down for the holidays.
The activity last week was underwhelming by any standard. Only 3 new single-family listings hit the market, and 4 homes that were put into contract. We are starting the week with an inventory of 12 homes for sale in the entire city, and only one condo. Here's to hoping we see more 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 8-16-2015:
| San Carlos Housing Data | 8-16-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 3 | 3 |
| Average Sold Price: | $1,178,333 | $2,001,000 |
| Average $/Sq Foot (Sold) | $823 | $888 |
| Average Sold as Percentage Of List Price: | 109% | 113% |
| Average DOM of Closed Sales | 14 | 28 |
| No. of Homes Pending Sale: | 22 | 21 |
| No. of New Listings: | 3 | 7 |
| Total # of Active Listings: | 12 | 13 |
| Average Price of Active Listings: | $2,131,583 | $2,074,308 |
| Average DOM of Active Listings: | 17 | 11 |
| Average $/Sq Foot (List) | $767 | $751 |
| Active-Pending Ratio: | 0.55 : 1 | 0.62 : 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 |
|---|---|---|---|---|
| 31 Vine Street | $1,315,000 | $1,200,000 | +$115,000 (+9.6%) | 14 |
| 932 Lupin Way Upper | $1,300,000 | $1,149,000 | +$151,000 (+13.1%) | 15 |
| 127 Chesham Avenue | $920,000 | $888,000 | +$32,000 (+3.6%) | 47 |
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. The source of this data is the Multiple Listing Service (MLS). Author is in now way responsible for the accuracy of the data from this source.
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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 |
|---|---|---|
| 104 Brook Street | 11 | $1,199,000 |
| 977 Alameda | 9 | $1,148,000 |
| 204 Exeter Avenue | 8 | $1,788,000 |
| 2612 Graceland Avenue | 17 | $2,098,000 |
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 |
|---|---|---|---|---|
| 1322 Pebble Drive | $2,198,000 | 4BR/2.5BA | 3,000/19,500 | Bob Bredel, Dwell Realtors |
| 10 Winding Way | $1,650,000 | 4BR/2.5BA | 2,000/5,445 | Christopher Danesi, Spinnaker Real Estate Group |
| 496 Wellington Drive | $998,000 | 3BR/2BA | 1,500/4,888 | Mike Danao, Better Homes & Gardens |
Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent. This data is pulled from the Multiple listing service, and the author is in no way responsible for the accuracy of the data provided herein.
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