The San Carlos Real Estate Week in Review: 10/31/2016.
October 31, 2016
Happy Halloween, San Carlos!! Buyers were definitely the story this week in the local real estate market. Despite the inclement weather and the shortening days, home buyers took 9 homes into contract this week, which is a pretty strong number for this time of year. But despite the large overall number, it's interesting to note that it takes longer for houses to get into contract this time of year. Unlike the Spring market when you can have sufficient interest to take offers after only one open house weekend, it often takes 2-3 weekends of showings before the right buyer is found. Home buyers are simply more distracted during the fall, with school activities, weekend sports, and of course, the approaching holidays. But they are definitely still out there.
As we say goodbye to October today and head into November, it will be interesting to see how much these factors will impact what has been a surprisingly steady pace in San Carlos.
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 10/30/2016:
| San Carlos SFR Data | 10/30/16 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 11 | 7 |
| Average Sold Price: | $1,509,800 | $1,727,286 |
| Average % List Price: | 105% | 102% |
| Average DOM of Closed Sales | 31 | 28 |
| Average $/Sq Foot (Sold) | $878 | $920 |
| No. of New Listings: | 6 | 8 |
| Total # of Active Listings: | 20 | 23 |
| Average Price of Active Listings: | $1,849,187 | $1,955,595 |
| Average DOM of Active Listings: | 24 | 26 |
| Average $/Sq Foot (List) | $849 | $813 |
| Total # of Homes Pending Sale: | 27 | 29 |
| Active-Pending Ratio: | 0.74 : 1 | 0.79 : 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 Residences 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) |
|---|---|---|---|---|
| 2425 Melendy Drive | $2,060,000 | $1,699,000 | +$361,000 (+21.2%) | 9 |
| 865 Somerset Court | $1,825,000 | $1,799,000 | +$26,000 (+1.4%) | 45 |
| 160 Winding Way | $1,800,000 | $1,850,000 | -$50,000 (-2.7%) | 113 |
| 1300 Magnolia Avenue | $1,575,000 | $1,498,000 | +$77,000 (+5.1%) | 11 |
| 1920 Howard Avenue | $1,555,000 | $1,449,000 | +$106,000 (+7.3%) | 11 |
| 1381 Alameda de las Pulgas | $1,525,000 | $1,475,000 | +$50,000 (+7.3%) | 14 |
| 1358 Woodland Avenue | $1,318,800 | $1,189,000 | +$129,800 (+10.9%) | 11 |
| 964 Lupin Way | $1,299,000 | $1,399,000 | -$100,000 (-7.1%) | 30 |
| 1833 Brittan Avenue | $1,220,000 | $998,000 | +$222,000 (+22.2%) | 18 |
| 84 Fay Avenue | $1,079,000 | $1,195,000 | -$116,000 (-9.7%) | 63 |
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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 |
|---|---|---|
| 3198 La Mesa Drive | 47 | $1,799,999 |
| 940 Crestview Drive | 12 | $1,895,000 |
| 596 Club Drive | 57 | $3,400,000 |
| 16 Miramonte Court | 14 | $1,498,000 |
| 86 Madrona Street | 100 | $3,495,000 |
| 75 Hilltop Drive | 11 | $1,978,000 |
| 1983 Belle Avenue | 7 | $1,259,000 |
| 830 Crestview Drive | 9 | $1,998,000 |
| 3101 Melendy Drive | 16 | $1,788,888 |
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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 |
|---|---|---|---|---|
| 16 Madrona Street | $2,799,000 | 3BR/3BA | 2,224/8,647 | Vincent Armando, Armando Investment |
| 2607 Graceland Avenue | $2,295,000 | 3BR/3BA | 2,400/18,239 | Jackie Cockreham, Today Sothebys |
| 785 Cordilleras Avenue | $1,995,000 | 4BR/3BA | 2,080/7,501 | John Shroyer, Today Sothebys |
| 232 Beverly Drive | $1,698,000 | 4BR/3BA | 1,947/6,400 | Mark Tauber, Coldwell Banker |
| 2047 Arroyo Avenue | $1,449,950 | 4BR/2BA | 2,150/5,000 | Maxine & Michelle, Dumas & Company |
| 1011 Hall Street | $880,000 | 2BR/1BA | 910/4,352 | Kelly Clarke, Coldwell Banker |
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