The San Carlos Real Estate Week in Review: 9/26/2016.

September 26, 2016

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After two weeks of above-average stats, the number of new listings to hit the market in San Carlos leveled off a bit this past week. Only five new listings hit the market, and they seemed to be coincidentally bunched right around the $1.5M price range. With eight homes being sold during the same period, that dropped the inventory of homes for sale back to down to 21 at the time of this post. Depending on what hits the market on Monday, this number may continue to drop, as several of these homes could be taking offers early in the week.

We are in the last week of September, which means that anyone who is considering selling their home and taking advantage of the Fall real estate market has about 3 weeks to get their home on the market. Once we hit the end of October, the weather begins to change and the daylight gets cut way back with the end of Daylight Savings Time. So if you're still on the fence about getting your home on the market, this is THE week that you need to probably make that decision and get your plans moving.

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 (SFR) in San Carlos. This data is for the 7-day period ending Sunday 9/25/2016:

San Carlos SFR Data 9/25/16 Prior Week
Closed Sales for the Week: 4 5
Average Sold Price: $1,679,500 $1,506,000
Average $/Sq Foot (Sold) $987 $933
Average % List Price: 107% 103%
Average DOM of Closed Sales 12 35
Total # of Homes Pending Sale: 28 25
No. of New Listings: 5 9
Total # of Active Listings: 21 24
Average Price of Active Listings: $1,906,071 $2,061,604
Average DOM of Active Listings: 24 24
Average $/Sq Foot (List) $835 $887
Active-Pending Ratio: 0.75 : 1 0.96 : 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.

San Carlos Open House List

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San Carlos Single-Family Homes Sold:

 

71 Madera Avenue, San Carlos

71 Madera Avenue, 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 (days)
71 Madera Avenue $1,900,000 $1,895,000 +$5,000 (+0.3%) 14
101 Vine Street $1,735,000 $1,598,000 +$137,000 (+8.6%) 14
819 Rutherdale Avenue $1,778,000 $1,625,000 +$153,000 (+9.4%) 7
1319 Geneva Avenue $1,305,000 $1,198,000 +$107,000 (+8.9%) 11

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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
1837 Greenwood Avenue 11 $1,198,000
1345 Howard Avenue 48 $1,598,000
1722 Arroyo Avenue 8 $1,385,000
84 Fay Avenue 63 $1,095,000
916 Tamarack Avenue 8 $2,198,000
276 Fir Street 78 $1,499,000
2425 Melendy Drive 9 $1,699,000
1732 Elizabeth Street 15 $2,595,000

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New Single-Family Home Listings in San Carlos:

 

1300 Magnolia Avenue

1300 Magnolia Avenue

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
1300 Magnolia Avenue $1,498,000 2BR/2BA 2,000/7,440 Stephen Hicks, Gateway Properties
228 Manor Drive $1,495,000 4BR/3BA 2,100/11,613 David Young, Coldwell Banker
1381 Alameda de las Pulgas $1,475,000 3BR/2BA 1,470/5,500 Shawna Sullivan, Coldwell Banker
1920 Howard Avenue $1,449,000 3BR/2BA 1,550/5,898 Anne King, KW
529 Sycamore Street $1,300,000 2BR/2BA 2,210/5,445 Patrick Ryan, Alain Pinel Realtors

 

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

Homes 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)
$– $– $– (–%)

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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
408 Portofino Drive #2 19 $865,000
772 Walnut Street #6 19 $865,000
2 Honeysuckle Lane 13 $1,498,000

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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
15 Trillium Lane $1,450,000 3BR/2.5BA 1,709 Andrew Lemke, KW

Disclaimer: The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week. The data provided in this report is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction unless explicitly stated otherwise. The source of this data is the Multiple Listing Service (MLS), so the author is in now way responsible for the accuracy of the data from this source.

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