The San Carlos Real Estate Week in Review: 7/4/2016.

The Scoop.

As I suspected would happen, there was a flurry of buying activity leading up to the 4th of July weekend in San Carlos. This seems to happen every year as buyers who have been circling for the month of June (or longer) decide to pull the trigger and make their purchase before the vacation months set in. Nine single-family homes went into contract last week, with a third of them having sat on the market for a month or longer. Clearly, buyers have more patience now then they have in the past few quarters.

Only 4 new listings tested the market for the holiday week, which caused the inventory of homes for sale to drop below 20 for the first time in a month. This is a level that we've been accustomed to seeing for several years, and it will remain to be seen whether it stays lean, or if more sellers will forgo conventional wisdom and decide to list their homes during the slower months of July and August.

Have a happy and safe 4th!

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 in San Carlos. This data is for the 7-day period ending Sunday 7/3/2016:

San Carlos Housing Data	7/3/16	Prior Week
Closed Sales for the Week:	6	9
Average Sold Price:	$1,626,667	$1,683,833
Average $/Sq Foot (Sold)	$906	$841
Average Sold as Percentage Of List Price:	102%	99%
Average DOM of Closed Sales	16	19
Total # of Homes Pending Sale:	34	32
No. of New Listings:	4	6
Total # of Active Listings:	18	23
Average Price of Active Listings:	$1,985,599	$1,993,249
Average DOM of Active Listings:	34	30
Average $/Sq Foot (List)	$807	$883
Active-Pending Ratio:	0.53 : 1	0.72 : 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 Homes 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)
113 Colton Avenue	$3,025,000	$2,995,000	+$30,000 (+10.0%)	9
7 Bay View Drive	$1,850,000	$1,690,000	+$160,000 (+9.5%)	13
589 Emerald Avenue	$1,515,000	$1,449,950	+$65,050 (+4.5%)	10
90 Bayport Court	$1,300,000	$1,399,000	-$99,000 (-7.1%)	34
2092 Greenwood Avenue	$1,190,000	$1,149,000	+$41,000 (+3.6%)	11
915 Hall Street	$880,000	$898,000	-$18,000 (-2.0%)	20

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. The source of this data is the Multiple Listing Service (MLS). Author is in now way responsible for the accuracy of the data from this source.

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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
820 Buckland Avenue	10	$1,448,000
833 Cordilleras Avenue	8	$2,495,000
932 Heather Drive	89	$2,155,000
2763 San Carlos Avenue	14	$1,299,999
3251 La Mesa Drive	9	$1,899,950
109 Arundel Road	45	$2,495,000
1362 Woodland Avenue	34	$1,299,000
382 Beverly Drive	15	$1,540,000
840 Bauer Court	15	$1,540,000

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. _______________________________________________________________________________________

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
59 Bay View Drive	$1,898,000	4BR/3.5BA	3,550/11,928	Lucy Goldenshteyn, Redfin
1973 Saint Francis Way	$1,698,000	3BR/2BA	1,630/6,050	Robert Garrison, Garrison Properties
3184 Brittan Avenue	$1,595,000	4BR/2.5BA	2,600/14,305	Marilou Atencio, Coldwell Banker
120 Arundel Road	$1,348,00	2BR/2BA	1,420/8,425	Justine Ford, Justine Ford & Associates

Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent. This data is pulled from the Multiple listing service, and the author is in no way responsible for the accuracy of the data provided herein.

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

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Condos and Townhomes Sold in San Carlos:

Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.

Address	Sold Price	Orig. List	Difference	DOM (days)
416 Portofino Drive #206	$879,000	$799,000	+$80,000 (+10.0%)	47
775 Chestnut Street #11	$860,000	$835,000	+$25,000 (+3.0%)	13

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Condo/Townhouse Pending Sale this Week.

The following condos/townhouses went into contract this week. Click on the address of each home to see more details and photos.

Address	DOM (days)	List Price
3358 La Mesa Drive #11	7	$849,000

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address of each home to see more details and photos.

Address	List Price	BR/BA	Sq Feet	Listed By
1265 San Carlos Avenue #B	$1,296,000	3BR/3BA	2,030	Energy Real Estate

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(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)