San Carlos 4th Quarter Market Overview (2014)
I would like to invite you to preview the single family home market overview for San Carlos in the 4th quarter of 2014 versus the 4th quarter of 2013. Please find below a table of sales data showing you the comparison.[table id=SC_4qtr /]
Single family home price in San Carlos remained significant higher in the 4th quarter of 2014 . Both the average list price and the average sales price in the 4th quarter of 2014 were 11% higher than the 4th quarter of 2013. The average list price per sq ft increased 22% from $640 per sq ft in 4th quarter of 2013 to $778 per sq ft in 4th quarter of 2014. The average sales price and median sales price in San Carlos increased by 11 to 12% in 4th quarter of 2014 versus 2013.
The number of sales transactions in San Carlos decreased by 15 % from a total of 62 sales transactions of 4th quarter in 2014 versus 73 sales transactions in 2013.
The highest price home sold in the 4th quarter of 2014 in San Carlos was $2,400,000 whereas the highest price home sold in the 4th quarter of 2013 was $2,807,500. The lowest price home sold in the 4th quarter of 2014 in San Carlos was $740,000 and the lowest price home sold in the 4th quarter of 2013 was $70,4000.
For those of you who are not familiar with the MLS area, San Carlos consists of 6 MLS areas:
Area 350 – Alder Manor
Area 351 – Beverly Terrace
Area 352 – El Sereno Corte (also known as White Oaks)
Area 353 – Howard Park
Area 354 – Clearfield Park
Area 355 – Cordes
Here’s a map of the San Carlos neighborhood:
TOP PERCENTAGE GAIN IN AVERAGE SALES PRICE in the 4th quarter of 2014 in San Carlos
Cordes ( MLS area 355 ) had the highest percentage gain of 32% in average sales price . $1,589,714 in 4th quarter of 2014 versus $1,201,429 in 2013. Howard park (MLS area 353 ) had the second highest percentage gain of 30 % in average sales price . $1,433,333 in 4th of 2014 versus $1,099,000 in 2013. White oaks ( MLS area 352 ) had the third highest percentage gain of 29% in average sales price. $1,424,095 in 4th of 2014 versus $1,101,154 in 2013 .
TOP VALUATION PER SQUARE FEET in the 4th quarter of 2014 in San Carlos
In the 4th quarter of 2014, the neighborhood Cordes (MLS area 355) has the highest price sold per sq ft – $1,750 per sq ft (436 Laurel Street). This property was sold with a proposed 5 units condominium project for $ 2,100,000 with the current home at 1,200 sqft.
The second & third highest price sold per square ft are both the White Oaks neighborhood which were at $1,281 per sq ft (1528 Cordilleras Ave) and $1,138 per sq ft (1371 Orange Ave). 1528 Cordilleras Ave is a one story home with 2 bedrooms, 1 baths, and a 970 sq ft interior on a 5,000 sq ft lot. It sold for $1,240,000, which was 14% above list price. 1371 Orange Ave is 970 sq ft one story home with 2 bedrooms, 1 bath and sits on a 3,500 sq ft lot.
The fourth highest price sold per sq ft is in the Beverly Terrace neighborhood at $1,081/sq ft (139 Plymouth Ave). Sold for $1,124,000, this one story home in its original condition that features 2 bedrooms, 1 baths with a 1,040 interior sq ft on a 4,896 sq ft lot.
THE TOP NUMBER OF SALES TRANSACTIONS
In the 4th quarter of 2014, White Oaks has 22 sales transactions, Beverly Terrace has 18, and Cordes has 7.
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