The San Carlos Real Estate Week in Review: 11-29-15.
November 30, 2015
The Scoop.
Thanksgiving week is now over, and we are heading into the final month of 2015. It was predictably slow last week due to the holiday, and the numbers reflect that below. For the second straight week there were no new listings to hit the market in San Carlos, so the inventory of single-family homes for sale has now dropped to six, easily one of the lowest levels of the year for either. And with an average DOM of 54 days, these homes aren't exactly fresh on the market, either. The townhouse and condo market isn't faring much better, a there's only a single unit on the market in the entire city.
Inventory levels should stay fairly low for the duration of 2015. Traditionally, most home sellers will not opt to test the market in December unless they absolutely need to sell. They will wait to list until early January after the completion of the holidays when home buyers are fully focused again on finding a home. We'll know for certain very soon whether that trend will hold true for this year too, but I don't expect a huge deviation from what you see right now.
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 11-29-2015:
| San Carlos Housing Data | 11-29-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 2 | 5 |
| Average Sold Price: | $1,455,000 | $1,654,600 |
| Average $/Sq Foot (Sold) | $1,124 | $736 |
| Average Sold as Percentage Of List Price: | 120% | 116% |
| Average DOM of Closed Sales | 7 | 12 |
| No. of Homes Pending Sale: | 21 | 20 |
| No. of New Listings: | 0 | 0 |
| Total # of Active Listings: | 6 | 9 |
| Average Price of Active Listings: | $1,730,667 | $1,540,333 |
| Average DOM of Active Listings: | 54 | 36 |
| Average $/Sq Foot (List) | $853 | $909 |
| Active-Pending Ratio: | 0.29 : 1 | 0.45 : 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.
___________________________________________________________________
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) |
|---|---|---|---|---|
| 1437 Oakhurst Avenue | $1,510,000 | $1,225,000 | +$285,000 (+23.3%) | 7 |
| 1375 Chestnut Street | $1,400,000 | $1,199,000 | +$201,000 (+16.8%) | 7 |
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.
_____________________________________________________________________________
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 |
|---|---|---|
| 160 Plymouth Avenue | 14 | $1,575,000 |
| 1007 Northwood Drive | 12 | $925,000 |
| 1361 Hull Drive | 11 | $899,000 |
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 |
|---|---|---|---|---|
| — | $ | –BR/–BA | –/– | — |
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.
___________________________________________________________________
Posted in: