The San Carlos Real Estate Week in Review: 11-15-15.
November 16, 2015
The Scoop.
The real estate activity in San Carlos last week was about as brisk as the weather. Not surprisingly, there were six new listings to enter the market, which puts them in a perfect position to have one or two open house weekends and still get into contract before the Thanksgiving holiday.
Any hopes of home prices starting to soften will probably be dashed when you take a glance at the numbers below. There was a $3M and a $2M closing in the very same week – and we're in November, which is usually one of the slower months. But the six new listings bumped the inventory up to 14 total homes for sale, and there's something to see in just about every price range. It will be interesting to see how many more sellers test the market early this week before we get too close to the Thanksgiving break.
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 11-15-2015:
| San Carlos Housing Data | 11-15-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 6 | 3 |
| Average Sold Price: | $1,932,083 | $1,444,333 |
| Average $/Sq Foot (Sold) | $883 | $869 |
| Average Sold as Percentage Of List Price: | 112% | 109% |
| Average DOM of Closed Sales | 14 | 13 |
| No. of Homes Pending Sale: | 20 | 23 |
| No. of New Listings: | 6 | 3 |
| Total # of Active Listings: | 14 | 11 |
| Average Price of Active Listings: | $1,566,706 | $1,910,616 |
| Average DOM of Active Listings: | 24 | 28 |
| Average $/Sq Foot (List) | $900 | $897 |
| Active-Pending Ratio: | 0.70 : 1 | 0.48 : 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 | DOM (days) |
|---|---|---|---|---|
| 1880 Carmelita Drive | $3,432,500 | $2,945,000 | +$298,500 (+10.1%) | 12 |
| 236 Oakview Drive | $2,050,000 | $1,648,000 | +$402,000 (+24.4%) | 9 |
| 170 Hillcrest Road | $1,710,000 | $1,575,000 | +$135,000 (+8.6%) | 16 |
| 12 Cranfield Avenue | $1,700,000 | $1,488,888 | +$211,112 (+14.2%) | 11 |
| 893 Bauer Drive | $1,650,000 | $1,699,000 | -$49,000 (-2.9%) | 32 |
| 959 Holly Street | $1,050,000 | $939,000 | +$111,000 (+11.8%) | 6 |
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 |
|---|---|---|
| 1620 Howard Avenue | 4 | $1,488,888 |
| 1458 Oakhurst Avenue | 6 | $1,298,000 |
| 818 Knoll Drive | 43 | $3,298,000 |
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 |
|---|---|---|---|---|
| 1230 Greenbrier Road | $1,799,000 | 4BR/3BA | 1,876/8,200 | Marquise Murphy, Marshall Real Estate |
| 160 Plymouth Avenue | $1,575,000 | 3BR/2BA | 1,440/8,190 | Genella Williamson, Alain Pinel Realtors |
| 106 Acacia Court | $1,488,888 | 3BR/1BA | 1,430/6,600 | Jalayne Forrester, Keller Williams |
| 1007 Northwood Drive | $1,388,000 | 2BR/1BA | 820/5,700 | Jeannine Sheehan, Intero |
| 1361 Hull Drive | $899,000 | 3BR/1BA | 1,130/5,880 | Carrie Du Bois, Coldwell Banker |
| 1016 Springfield Drive | $899,000 | 2BR/1BA | 820/5,000 | Dani Chrisman, Alain Pinel 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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