San Carlos Real Estate Recap: 10/14/13

San Carlos Market Recap:

This past week we saw a nice surge in new listings for single family residences in San Carlos.  The week started off with only 12 homes for sale in the entire city, which caused a very uneasy feeling for many buyers still trying to buy a home in San Carlos this year.  But by the end of the week, there were 9 new homes to hit the market, which pushed the effective inventory of homes for sale up to 19.  That's not a huge number for this time of year, but certainly better than 12.

Here are some other key stats for the San Carlos real estate market last week:

• # of Closed Sales: 4
• Average Sold Price:  $1,127,750
• Average $/sq foot (sold):  $739
• Average Days on Market (DOM) of Sold Homes:  28
• # of Homes to go Pending: 2
• Average Price of Homes for Sale:  $1,485,781

What Sold in San Carlos:

The following is the list of single-family homes that sold this past week in San Carlos.  Click on the address for more information and pictures on each property:

• 38 Cobblestone Lane:  $1,580,000
• 10 Graceland Lane:  $1,305,000
• 33 Chestnut Street:  $901,000
• 1028 Northwood Drive:  $725,000

If you're interested in more data and statistics on what happened in the San Carlos real estate this past week, check out The San Carlos Real Estate Week in Review, which is posted every week in the White Oaks Blog.  

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Chuck Gillooley is a Realtor, long-time San Carlos resident, and author of The White Oaks Blog -- the leading source for information on San Carlos real estate.