The San Carlos Real Estate Week in Review: 6-23-12.
June 24, 2012
San Carlos Real Estate Summary.
A milestone was reached this week — for the first time in several months, there were as many homes listed on the market as there were pending sale. If you've watched the stats in the table below, you now for much of the year that ratio has been below 1.0, which is uncommon in any market for such an extended period of time. But this week, we finished up with 36 homes for sale and 36 homes pending sale. This is a small step in the right direction toward a more balanced real estate market. Perhaps over the summer months the inventory will continue to slowly build back to a normal level… We'll see.
Here are the numbers for the week:
By The Numbers.
Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 6-23-2012:
| San Carlos Housing Data | 6-23-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
6 | 9 |
| Average Sold Price |
$1,070,000 | $1,267,576 (-15.6%) |
| Average $/Sq Foot (Sold) |
$617 | $554 |
| Sold Price vs Orig List (%) | 103% | 104% |
| Average DOM of Closed Sales | 12 | 16 |
| No. of Homes Pending Sale: | 36 | 36 |
| Inventory of Active Listings: |
36 | 31 (+16%) |
| Average Price of Active Listings: | $1,299,849 | $1,464,234 |
| Average DOM of Active Listings: | 32 | 37 |
| Average $/Sq Foot (List) | $572 | $583 |
| Active-Pending Ratio: |
1 : 1 | 0.9 : 1 |
The San Carlos Open House Page.
If you're looking at open houses this weekend in San Carlos here's the only link you'll need: The San Carlos Open House Page. With one click, 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.
Single-Family Homes SOLD in San Carlos:
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 |
|---|---|---|---|---|
| 1439 Cedar Street |
$1,525,000 | $1,450,000 | +$75,000 (+5.2%) |
13 |
| 53 Fay Avenue |
$1,260,000 | $1,328,000 | -$68,000 (-5.1%) |
34 |
| 2019 White Oak Way |
$1,230,000 | $1,100,000 | +$120,000 (+11.8%) |
4 |
| 2140 Belmont Avenue |
$961,000 | $898,888 | +$62,112 (+6.9%) |
12 |
| 220 Oakview Drive |
$755,000 | $759,000 | -$4,000 (-0.5%) |
5 |
| 24 Plymouth Drive |
$689,000 | $689,000 | $0 (0%) |
2 |
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.
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Single-Family Homes Pending Sale in San Carlos:
The following homes went “Pending Sale” this week. Click on the address of any of these homes for additional info:
| Address | DOM (days) | List Price |
|---|---|---|
| 9 Robin Way |
32 | $1,097,000 |
| 233 Club Drive |
69 | $929,000 |
| 2132 San Carlos Avenue |
9 | $899,000 |
| 6 Estates Court |
85 | $1,825,000 |
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.
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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. Simply click on the address of each home to get the complete details.
| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
|---|---|---|---|---|
| 159 Mesa Verde Way | $1,749,000 | 6BR/3.5BA | 3,105/10,956 | Miriam Chirko, Coldwell Banker |
| 182 Exbourne Avenue | $1,600,000 | 6BR/3BA | 3,510/5,750 | Dana Capiello, Keller Williams |
| 182 Crestview Drive | $1,279,000 | 3BR/2.5BA | 2,210/8,080 | Kamiar Lashgari, California Regency |
| 140 Molton Avenue | $1,249,950 | 5BR/3BA | 2,340/9,380 | Michelle Glaubert, Coldwell Banker |
| 197 Coventry Court | $1,239,000 | 3BR/2.5BA | 2,240/11,700 | Melanie Smith, Coldwell Banker |
| 441 Clifton Avenue | $1,198,000 | 4BR/2BA | 1,970/6,360 | Abe Matar, Landmark |
| 118 Oakview Drive | $879,000 | 3BR/2BA | 1,460/6,800 | David Young, Coldwell Banker |
| 2063 Arroyo Avenue | $800,000 | 3BR/1BA | 1,380/5,000 | Linda Scheifler Mark, Alain Pinel Realtor |
Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.
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