It was another busy week…and that was just on Friday. A whole bunch of new inventory hit the market on Friday, and quite a few homes closed escrow. This is great news for both buyers and sellers, because the inventory was starting to get stale with so little movement.
San Carlos Inventory Analysis
As you can see from the New Listings and Homes Sold sections below, there was a flurry of new listings, and quite a few home sales this past week. When both of these numbers surge like this, the Active : Pending ratio jumps too, but likely just temporarily. It simply takes time to absorb that much new inventory. Here’s a snapshot of the San Carlos market, as of 5/2. The previous week’s stats are in parentheses:
|Homes < $1M||40 (41)||18 (22)||2.2 : 1 (1.9 : 1)|
|Homes $1M –$1.5M||19 (17)||5 (10)||3.8 : 1 (1.7 : 1)|
|Homes >$1.5M||11 (9)||2 (2)||5.5 : 1 (4.5 : 1)|
|Total||70 (67)||25 (34)||2.8 : 1 (2.0 : 1)|
San Carlos Home Sales
Below are homes that sold this past week in San Carlos. Click on the respective addresses to get all the details.
- Pictured above — Sale Price: $1,258,750. Original List Price: $1,399,000. Difference: $140,250 (10.0%) below original list. DOM: 69 Days under MLS # 80911382. Listed by Trish Ward of Intero Real Estate Services.
- Sale Price: $1,200,000. Original List Price: $1,359,000. Difference: $159,000 (11.7%) below original list. CDOM: 182 Days under MLS # 80906029. Listed by Goldie Morabito of Coldwell Banker.
- Sale Price: $1,037,500. Original List Price: $1,349,000. Difference: $311,500 (23.1%) below original list. CDOM: 161 Days under MLS # 80843334. Listed by Molitor and Lunder of Intero Real Estate Services.
- Sale Price: $1,050,000. Original List Price: $1,050,000. No difference from original list: DOM: 17 Days under MLS # 80909169. Listed by Deborah Sharp of Alain Pinel Realtors.
- Sale Price: $1,015,000. Original List Price: $1,349,000. Difference: $334,000 (24.8%) below original list. DOM: 178 Days under MLS # 80836780. Listed by Sophie Ravel of Keller Williams.
- Sale Price: $900,000. Original List Price: $969,000. Difference: $69,000 (7.1%) below original list. DOM: 31 Days under MLS # 80909259. Listed by Justine Ford of RE/MAX Today.
- Sale Price: $780,000. Original List Price: $798,000. Difference: $18,000 (2.3%) below original list. DOM: 26 Days under MLS # 80913564. It originally listed two months ago under a different MLS # for $839,000. Listed by John Shroyer of RE/MAX Today
- Sale Price: $705,000. Original List Price: $729,000. Difference: $24,000 (3.3%) below original list. DOM: 23 Days under MLS # 80911903. Listed by Barbara Mecham of RE/MAX Today.
- Sale Price: $675,000. Original List Price: $729,000. Difference: $54,000 (7.4%) below original list. DOM: 73 Days under MLS # 80903588. Listed by Valerie Hinton of Coldwell Banker.
- Sale Price: $570,000. Original List Price: $585,000. Difference: $15,000 (2.6%) above original list. DOM: 4 Days under MLS # 80912969. Listed by Jennie Peterson of Coldwell Banker.
***To see all of the homes that have sold in San Carlos in the past 3 months, click here: San Carlos Home Sales
Homes Pending Sale in San Carlos
This is a new feature to the Week in Review where I’ll note any homes that went into contract that were interesting for any reason (short or long days on market, for example.)
84 Club Drive was the only noteworthy pending sale, as it went into contract after only 8 days.
**To see all the homes that are Pending Sale in San Carlos, click here: San Carlos Homes Pending Sale
New Listings in San Carlos
Below are the new listings that hit the market this past week in San Carlos. Click on the respective addresses to get all the details. (Note: If a generic map comes up instead of a property profile, it likely means that particular home is already Pending Sale. Click the link in the “Homes Pending Sale” section to check.)
- Pictured Above: $1,988,000 — 5BR/3BA, 2,860 sq ft on a 12,920 square foot lot. MLS# 80921418, listed by the Clarke Team of Cashin Company.
- $1,799,971 — 3BR/2.5BA, 2,440 sq ft on a 7,524 square foot lot. MLS# 80920574, listed by Donna Marie Baldwin of Coldwell Banker.
- $1,499,000 — 4BR/4+BA, 2,491 sq ft on a 7,051 square foot lot. MLS# 80921394, listed by Bob Bredel of RE/MAX Today.
- $1,475,000 — 4BR/3BA, 2,430 sq ft on a 6,190 square foot lot. MLS# 80921599, listed by Kristin Archibald of RE/MAX Today.
- $949,950 — 3BR/2BA, 1,420 sq ft on a 4,400 square foot lot. MLS# 80921464, listed by Bryan Jacobs of J.V. and Associates.
- $898,000 — 3BR/2BA, 1,340 sq ft on a 15,665 square foot lot. MLS# 80921018, listed by Leyla Alhosseini of New Light Realty. This is a bank-owned property.
- $879,500 — 3BR/2.5BA, 1,480 sq ft on a 12,513 square foot lot. MLS# 80921577, listed by Michelle Despres of SC Properties.
- $789,000 — 3BR/1.5BA, 1,520 sq ft on a 5,000 square foot lot. MLS# 80921491, listed by Mary Abolmoluki of Coldwell Banker.
- $739,000 — 3BR/2BA, 1,360 sq ft on a 5,400 square foot lot. MLS# 80921563, listed by Howard Clark of Dumas & Company.
***To see ALL of the homes currently for sale in San Carlos, click here: San Carlos Single Family Residences for Sale
(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week, and an occasional podcast mixed in to keep things lively. Between the two, you should get a great idea of what happened last week in San Carlos real estate.)
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