The San Carlos Real Estate Week in Review: 10-4-15.

October 5, 2015

The Scoop.

Last week started out with a giant goose egg for new listings in San Carlos, with nothing new posting on the market until Friday. This occurs every so often, and understandably makes home buyers a little nervous since they are at least expecting something new to hit the market on Monday, which along with Friday are traditionally the two most active days for new listings.

But never fear – by the end of the weekend, there were 7 new single-family listings in San Carlos to offset the 7 homes that went pending during the week. And the wait was well worth it, because there are some simply spectacular homes to see right now — and interestingly, over half of these homes for sale right now in San Carlos have at least 4 bedrooms. That's certainly much greater than the typical distribution of housing stock in town, and bodes well for home buyers who have been holding out for that crucial 4th bedroom. If you're one of those home buyers that needs the extra bedroom and space, this is a good week to get out and look at some homes.

Here's the recap 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 10-4-2015:

San Carlos Housing Data 10-4-15 Prior Week
Closed Sales for the Week: 6 4
Average Sold Price: $1,791,869 $1,742,000
Average $/Sq Foot (Sold) $846 $914
Average Sold as Percentage Of List Price: 107% 114%
Average DOM of Closed Sales 25 10
No. of Homes Pending Sale: 21 20
No. of New Listings: 7 2
Total # of Active Listings: 15 16
Average Price of Active Listings: $1,861,982 $1,720,859
Average DOM of Active Listings: 14 19
Average $/Sq Foot (List) $834 $827
Active-Pending Ratio: 0.71 : 1 0.8 : 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
281 Dartmouth Avenue $2,900,000 $3,198,000 -$298,000 (-9.3%) 28
120 Wingate Avenue $2,600,000 $2,998,000 -$398,000 (-13.3%) 56
1118 Royal Lane $1,510,000 $1,298,000 +$212,000 (+16.3%) 9
1940 Belmont Avenue $1,320,000 $1,075,000 +$245,000 (+22.8%) 9
363 Laurel Street $1,221,211 $1,050,000 +$171,211 (+16.3%) 37
2032 Birch Avenue $1,200,000 $1,078,000 +$122,000 (+11.3%) 12

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
2245 Saint Francis Way 27 $1,695,000
1505 Cedar Street 10 $1,499,000
1036 Springfield Drive 26 $899,950
3404 Brittan Avenue 10 $1,499,950
83 Bayport Court 11 $1,299,000
1056 San Remo Way 14 $1,495,000
170 Hillcrest Road 16 $1,575,000

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
818 Knoll Drive $3,298,000 4BR/4BA 3,091/12,300 Bob Bredel, Dwell Realtors
3142 La Mesa Drive $2,198,000 5BR/3BA 2,660/9,990 Bob Bredel, Dwell Realtors
221 Ruby Avenue $1,989,000 4BR/3BA 2,290/4,400 Michelle Glaubert, Coldwell Banker
90 Cedar Street $1,499,000 3BR/2BA 2,000/7,200 Julie Geyer, RE/MAX
12 Cranfield Avenue $1,488,888 4BR/3.5BA 1,900/11,542 Marylene Notarianni, Keller Williams
20 Robin Way $1,250,000 3BR/2BA 1,580/5,100 Pete Vece, Today Sothebys
959 Holly Street $939,000 3BR/2BA 1,255/5,850 Bob Bredel, Dwell Realtors

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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