The San Carlos Real Estate Week in Review: 12-6-15.
December 7, 2015
The Scoop.
The first week of December was off like a shot, with seven new single-family home listings to hit the market in San Carlos. This brought the inventory of homes for sale back up to 10, which is still not a whole lot to choose from, but certainly better than last week. Home buyers weren't that busy last week simply because there was so little to choose from, and consequently only one home was put into contract.
Prices on homes that closed escrow last week were much closer to their original asking price, fetching only an average of 3% over. In fact, half of the homes that sold last week didn't even achieve their asking price, which is yet another indication that the market is simply not quite as hot as it was in the spring.
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 12-6-2015:
| San Carlos Housing Data | 12-6-15 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 4 | 2 |
| Average Sold Price: | $1,603,250 | $1,455,000 |
| Average $/Sq Foot (Sold) | $876 | $1,124 |
| Average Sold as Percentage Of List Price: | 103% | 120% |
| Average DOM of Closed Sales | 13 | 7 |
| No. of Homes Pending Sale: | 18 | 21 |
| No. of New Listings: | 7 | 0 |
| Total # of Active Listings: | 10 | 6 |
| Average Price of Active Listings: | $1,563,600 | $1,730,667 |
| Average DOM of Active Listings: | 23 | 54 |
| Average $/Sq Foot (List) | $773 | $853 |
| Active-Pending Ratio: | 0.56 : 1 | 0.29 : 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) |
|---|---|---|---|---|
| 221 Ruby Avenue | $1,950,000 | $1,989,000 | -$39,000 (-2.0%) | 13 |
| 62 Madera Avenue | $1,880,000 | $1,645,000 | +$235,000 (+14.3%) | 11 |
| 167 Oakview Drive | $1,658,000 | $1,695,000 | -$37,000 (-2.2%) | 14 |
| 1007 Northwood Drive | $925,000 | $925,000 | $0 (0%) | 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 |
|---|---|---|
| 106 Acacia Court | 21 | $1,225,000 |
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 |
|---|---|---|---|---|
| 77 Madera Avenue | $1,799,000 | 4BR/2.5BA | 2,928/7,812 | Ken Jacobi, California Wide Properties |
| 416 Hillcrest Road | $1,599,000 | 3BR/2BA | 1,560/4,704 | Peter Spirakis, Big Block Realty |
| 2525 Nanette Drive | $1,599,000 | 4BR/3BA | 2,690/14,080 | John Reese, Intero |
| 1917 Saint Francis Way | $1,498,000 | 2BR/2.5BA | 1,850/7,749 | Justine Ford |
| 205 Oakview Drive | $1,395,000 | 3BR/1.5BA | 1,610/6,000 | Jennifer Liske, Pacific Union |
| 108 Ruby Avenue | $1,382,000 | 2BR/1.5BA | 1,210/6,575 | David Young, Coldwell Banker |
| 171 Coronado Avenue | $899,000 | 5BR/5.5BA | 4,500/10,275 | KT Eckardt, Coldwell Banker |
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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