The San Carlos Real Estate Week in Review: 2/29/2016.
February 29, 2016
Thanks to the fact that we're in a leap year, we get an extra day before we close the books on February, which means there will be a few more listings to hit the market in San Carlos before we close the books on this month. But regardless of what debuts today, we will still finish the first two months of the year significantly off the pace of last year and even further behind the year-to-date totals that were registered in prior years. There will be a separate post that will update these totals later this week.
Sales prices remain very strong throughout San Carlos. The homes that closed escrow last week registered and impressive average of $1,053/square foot and a $2,110,600 sales price — both of which are well above the metrics that have been set to date. Look for this to continue as long as listings remain tight.
Here is a look at last week's 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 2/28/2016:
|San Carlos Housing Data||2/28/16||Prior Week|
|Closed Sales for the Week:||5||7|
|Average Sold Price:||$2,110,600||$1,879,286|
|Average $/Sq Foot (Sold)||$1,053||$984|
|Average Sold as Percentage Of List Price:||113%||114%|
|Average DOM of Closed Sales||10||6|
|Total # of Homes Pending Sale:||9||11|
|No. of New Listings:||5||1|
|Total # of Active Listings:||11||7|
|Average Price of Active Listings:||$1,702,284||$1,564,798|
|Average DOM of Active Listings:||18||29|
|Average $/Sq Foot (List)||$920||$763|
|Active-Pending Ratio:||1.2 : 1||0.64 : 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)|
|1985 Carmelita Drive||$3,600,000||$3,600,000||$0 (0%)||0|
|112 Wildwood Avenue||$2,725,000||$2,249,000||+$476,000 (+21.2%)||9|
|1925 Howard Avenue||$1,380,000||$1,349,000||+$31,000 (+2.3%)||12|
|2220 San Carlos Avenue||$1,588,000||$1,288,000||+$300,000 (+23.3%)||17|
|1647 Walnut Street||$1,250,000||$1,049,000||+$201,000 (+19.2%)||10|
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|
|928 Holly Street||41||$849,900|
|1316 Rosewood Avenue||12||$1,288,000|
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|
|219 Frances Lane||$1,899,000||4BR/3BA||2,400/13,504||Joyce and Tatum, Dwell Realtors|
|1008 Elm Street||$1,650,000||4BR/2.5BA||2,070/5,998||Susan Wang, Coldwell Banker|
|184 Lyndhurst Avenue||$1,549,950||3BR/2BA||1,660/7,649||Donna Colangelo, Intero|
|393 Ridge Road||$1,325,000||3BR/1.5BA||1,310/5,450||Liza Vernazza, Keller Williams|
|10 Cottage Lane||$1,248,000||3BR/2.5BA||1,660/4,948||Justine Ford|
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.
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.
|Address||Sold Price||Orig. List||Difference||DOM (days)
|28 Trillium Lane||$1,301,000||$1,195,000|| +$106,000 (+8.9%)
|656 Cedar Street #3||$990,000||$899,000|| +$91,000 (+10.1%)
|3382 Brittan Avenue #6||$955,000||$949,950|| +$5,050 (+0.5%)
|222 Laurel Street #100||$750,000||$650,000|| +$100,000 (+15.4%)
Condo/Townhouse Pending Sale this Week.
The following condos/townhouses went into contract this week. Click on the address of each home to see more details and photos.
|Address||DOM (days)||List Price|
|539 Elm Street||17||$1,199,000|
|3335 La Mesa Drive #3||12||$597,000|
New Condo/Townhouse Listings in San Carlos:
The following condo/townhouses listed this past week. Click on the address of each home to see more details and photos.
|Address||List Price||BR/BA||Sq Feet||Listed By|
|24 Trillium Lane||$1,229,000||3BR/2.5BA||1,709||Brendan Leary, Sereno|
|3358 Brittan Avenue #12||$869,000||3BR/2BA||1,239||Sean Clar, RE/MAX|
|3321 Brittan Avenue #17||$785,000||2BR/2BA||1,040||Mark Martinho, Vabrato|
(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)