The San Carlos Real Estate Week in Review: 3/7/2016.
March 7, 2016
The San Carlos real estate market got a nice shot in the arm this past week with six new single-family homes hitting the market, which is a bit more typical of what we expect to see this time of year. But four of the existing listings went into contract during the same period, so the net impact on the available inventory was only an increase of 2. What's amazing about this figure is not that there are only 12 homes for sale in San Carlos right now — it's that the average price of a home for sale in San Carlos right now is just a shade under $2,000,000. Who would have thought that it would go this high?
The next few weeks mark the true start of the Spring real estate market in San Carlos. It will be very interesting to see if we continue to get a surge of new listings, or if we will register yet another consecutive year where were simply fewer homes to choose from.
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 3/6/2016:
|San Carlos Housing Data||3/6/16||Prior Week|
|Closed Sales for the Week:||3||5|
|Average Sold Price:||$1,475,000||$2,110,600|
|Average $/Sq Foot (Sold)||$1,152||$1,053|
|Average Sold as Percentage Of List Price:||103%||113%|
|Average DOM of Closed Sales||16||10|
|Total # of Homes Pending Sale:||12||9|
|No. of New Listings:||6||5|
|Total # of Active Listings:||12||10|
|Average Price of Active Listings:||$1,914,967||$1,702,284|
|Average DOM of Active Listings:||19||18|
|Average $/Sq Foot (List)||$881||$920|
|Active-Pending Ratio:||1.0 : 1||1.2 : 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)|
|3165 La Mesa Drive||$2,100,000||$1,998,000||+$102,000 (+5.1%)||0|
|1938 Eaton Avenue||$1,420,000||$1,395,000||+$25,000 (+1.8%)||7|
|147 Windsor Drive||$905,000||$899,950||+$5,050 (+0.1%)||35|
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|
|15 Garden Lane||17||$1,288,000|
|393 Ridge Road||9||$1,325,000|
|1008 Elm Street||7||$1,650,000|
|184 Lyndhurst Avenue||9||$1,549,950|
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|
|60 Ensenada Road||$2,999,800||5BR/6BA||3,566/8,111||Justine Ford|
|400 Devonshire Boulevard||$1,999,999||3BR/2.5BA||2,350/8,102||Mary Yeargain, Alain Pinel Realtors|
|760 Tamarack Avenue||$1,799,000||4BR/2BA||1,898/6,399||Haifa and Ruba, Today Sothebys|
|541 Vista Avenue||$1,529,950||3BR/2.5BA||1,997/9,165||Donna Colangelo, Intero|
|1108 Royal Lane||$1,449,000||2BR/2.5BA||2,720/2,256||Denette Bartoli, Terrace Associates|
|2411 Graceland Avenue||$1,325,000||3BR/2BA||1,450/4,900||Marilyn Koron, Coldwell Banker|
Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent. This data is pulled from the Multiple listing service, and the author is in no way responsible for the accuracy of the data provided herein.
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.
|Address||Sold Price||Orig. List||Difference||DOM (days)
|—||$–||$–|| +$– (+–%)
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|
|793 Elm Street #20||13||$849,000|
|3321 Brittan Avenue #7||7||$785,000|
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|
|533 Elm Street #1||$1,198,000||2BR/2BA||1,559||Edward Stephens, Coldwell Banker|
|1700 San Carlos Avenue #101||$649,000||2BR/2BA||1,300||Maria Neal, Initio|
(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)