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.


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


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


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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