The San Carlos Real Estate Week in Review: 7/18/2016.
July 18, 2016
The Scoop.
Home sellers seem to be bucking the normal July trend, where conventional wisdom steers them away from listing their home during the summer months. There were 6 new listings to test the local market last week, bringing the total number of homes for sale in San Carlos back up to 20. The pace and activity level in the local market seem to indicate that we are in for a relatively busy summer, which is an interesting change from what we would expect to see in July and August.
The Week in Review posts and the rest of the site have a different look and feel starting this week. My hope is that you'll find the new version easier to read and navigate, and that you'll make use of the updated information in the sidebars. I'd love to hear your feedback on the updated White Oaks Blog.
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 (SFR) in San Carlos. This data is for the 7-day period ending Sunday 7/17/2016:
| San Carlos SFR Data | 7/17/16 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 9 | 4 |
| Average Sold Price: | $1,985,000 | $1,725,000 |
| Average $/Sq Foot (Sold) | $943 | $916 |
| Average % List Price: | 106% | 108% |
| Average DOM of Closed Sales | 9 | 9 |
| Total # of Homes Pending Sale: | 30 | 34 |
| No. of New Listings: | 6 | 3 |
| Total # of Active Listings: | 20 | 18 |
| Average Price of Active Listings: | $1,917,644 | $1,885,432 |
| Average DOM of Active Listings: | 30 | 36 |
| Average $/Sq Foot (List) | $850 | $849 |
| Active-Pending Ratio: | 0.67 : 1 | 0.53 : 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) |
|---|---|---|---|---|
| 1857 Elizabeth Street | $3,500,000 | $3,300,000 | +$200,000 (+6.1%) | 8 |
| 268 Park Avenue | $2,350,000 | $2,198,000 | +$152,000 (+6.9%) | 0 |
| 1281 Greenbrier Avenue | $2,225,000 | $2,198,000 | +$27,000 (+1.2%) | 6 |
| 423 Chestnut Street | $2,200,001 | $2,199,912 | +$89 (+0%) | 12 |
| 103 Club Drive | $1,650,000 | $1,725,000 | -$75,000 (-4.3%) | 15 |
| 3398 Melendy Drive | $1,650,000 | $1,395,000 | +$255,000 (+18.3%) | 7 |
| 2071 Belle Avenue | $1,550,000 | $1,498,000 | +$52,0000 (+3.5%) | 11 |
| 1015 Riverton Drive | $1,425,000 | $1,195,000 | +$230,0000 (+19.2%) | 7 |
| 115 Chesham Avenue | $1,315,000 | $1,248,000 | +$67,0000 (+5.4%) | 11 |
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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 |
|---|---|---|
| 2740 Bromley Drive | 31 | $2,195,000 |
| 3184 Brittan Avenue | 10 | $1,595,000 |
| 1100 Woodland Avenue | 97 | $1,749,999 |
| 14 Garden Lane | 42 | $1,350,000 |
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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 |
|---|---|---|---|---|
| 39 Oak Creek Lane | $3,680,000 | 4BR/3.5BA | 3,921/18,730 | Karen Doherty, Doherty Realty |
| 3469 La Mesa Drive | $1,675,000 | 4BR/2.5BA | 2,170/7,562 | Chuck Cochran, Coldwell Banker |
| 189 Barford Avenue | $1,598,000 | 3BR/2BA | 2,028/4,992 | Cliff Whearley, Dwell Realtors |
| 2430 Eaton Avenue | $1,498,000 | 3BR/2BA | 1,736/7,153 | Lucy Goldenshteyn, Redfin |
| 205 Club Drive | $1,498,000 | 3BR/2BA | 2,029/9,374 | Michael Chen, MC Investment |
| 723 Orange Avenue | $1,495,000 | 3BR/2BA | 1,750/5140 | Tim Kerns, Coldwell Banker |
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