The San Carlos Real Estate Week in Review: 6/20/2016.
June 20, 2016
The Scoop.
The inventory of single-family homes in San Carlos continued to hold in the mid-20's again this past week. There are still quite a few sellers that are looking to get their homes sold before we hit the 4th of July weekend, so I expect that new listing will continue to be brisk this week. Since only 3 homes went into contract last week, it's conceivable that we could hit 30 homes for sale in San Carlos by the time this weekend rolls around. That will certainly play in the favor of home buyers, who will now have more homes to choose from.
Traditionally, July is one of the slower months in local residential real estate. Many buyers and sellers are on vacation, and sellers who are not in a rush to sell will opt to wait until the Fall when the buyers are back. But we are in a transitional market right now, and some sellers may choose forgo conventional wisdom and list their homes in July or August, since the forecast for the fall market is somewhat uncertain. Buyers who stick around this summer may indeed find the home that has eluded them so far this year.
Here is a look at last week's numbers:
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 6/19/2016:
| San Carlos Housing Data | 6/19/16 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 7 | 9 |
| Average Sold Price: | $1,949,286 | $1,914,000 |
| Average $/Sq Foot (Sold) | $956 | $989 |
| Average Sold as Percentage Of List Price: | 107% | 114% |
| Average DOM of Closed Sales | 10 | 9 |
| Total # of Homes Pending Sale: | 33 | 34 |
| No. of New Listings: | 8 | 6 |
| Total # of Active Listings: | 24 | 22 |
| Average Price of Active Listings: | $1,846,447 | $2,020,529 |
| Average DOM of Active Listings: | 30 | 27 |
| Average $/Sq Foot (List) | $875 | $860 |
| Active-Pending Ratio: | 0.73 : 1 | 0.65 : 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) |
|---|---|---|---|---|
| 2 Sudan Lane | $3,160,000 | $3,150,000 | +$10,000 (+0.3%) | 7 |
| 1021 Rosewood Avenue | $2,295,000 | $2,198,000 | +$97,000 (+4.4%) | 15 |
| 142 Plymouth Avenue | $2,060,000 | $1,899,000 | +$161,000 (+8.5%) | 6 |
| 1230 Highland Court | $1,920,000 | $1,799,950 | +$120,050 (+6.7%) | 10 |
| 448 Emerald Avenue | $1,590,000 | $1,625,000 | -$35,000 (-2.2%) | 13 |
| 1961 Brittan Avenue | $1,410,000 | $1,298,000 | +$112,000 (+8.6%) | 7 |
| 117 Wilshire Court | $1,210,000 | $999,950 | +$210,050 (+21.0%) | 11 |
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 |
|---|---|---|
| 2071 Belle Avenue | 11 | $1,498,000 |
| 115 Chesham Avenue | 11 | $1,248,000 |
| 3398 Melendy Drive | 7 | $1,395,000 |
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 |
|---|---|---|---|---|
| 890 Crestview Drive | $1,798,000 | 4BR/3BA | 2,565/8,525 | Justine Ford |
| 3 Graceland Lane | $1,598,000 | 3BR/2BA | 2,070/9,871 | Janet Davis, Hometown Realty |
| 115 Northam Avenue | $1,595,000 | 3BR/2BA | 2,040/7,653 | Bob Bredel, Dwell Realtors |
| 382 Beverly Drive | $1,540,000 | 3BR/2BA | 1,450/10,258 | Donna Colangelo |
| 153 Fairbanks Avenue | $1,448,000 | 3BR/2BA | 1,500/4,395 | Joyce & Tatum, Dwell Realtors |
| 820 Buckland Avenue | $1,448,000 | 3BR/2BA | 1,550/7,200 | Julie Vejmola, Coldwell Banker |
| 1341 Alameda | $1,355,000 | 4BR/2BA | 1,680/6,164 | Marla Perego, Coldwell Banker |
| 2763 San Carlos Avenue | $1,299,999 | 3BR/2BA | 1,240/7,000 | Andrew Sturtevant, Intelligent Buyer |
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: