The San Carlos Real Estate Week in Review: 3/6/2017.

The inventory of homes for sale in San Carlos is still running very lean so far this year. We are starting this week off with only 10 homes for sale in the entire city. If it seems like we are still stuck in a listings drought, that's because we technically are. While the number of new listings to hit the market this year (39) is slightly ahead of where were at the same time last year (35), it's important to note that last year we tallied the lowest number of listings for the first two months in San Carlos in the past 15 years. So even though we are slightly ahead of last year's number, we're still sitting at historically low levels of inventory turns.

Tight supply and higher prices go hand in hand, and that trend has certainly held true in San Carlos. Through the first two months of this year, the average price of the 23 homes that sold in San Carlos was a whopping $2,018,049 — and the median sales price came in at $1,835,000. Both of these figures are easily record high number for both metrics in January and February, and are setting the stage for what should be a very interesting and closely watched Spring real estate market in San Carlos.

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 3/5/2017:

San Carlos SFR Data	3/5/17	Prior Week
Closed Sales for the Week:	2	6
Average Sold Price:	$1,381,000	$2,160,405
Average % of List Price:	111%	99%
Average DOM of Closed Sales	17	38
Average $/Sq Foot (Sold)	$1,125	$1,197
No. of New Listings:	5	4
Total # of Active Listings:	10	7
Average Price of Active Listings:	$1,947,100	$1,788,143
Average DOM of Active Listings:	10	8
Average $/Sq Foot (List)	$816	$853
Total # of Homes Pending Sale:	19	20
Active-Pending Ratio:	0.53 : 1	0.35 : 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 Residences 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)
70 Shelford Avenue	$1,750,000	$1,699,000	+$51,000 (+3.0%)	24
1643 Alameda de las Pulgas	$1,012,000	$849,950	+$162,050 (+19.1%)	9

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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
133 Madera Avenue	11	$1,550,000
172 Lyndhurst Avenue	8	$1,398,000

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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
222 Oakley Avenue	$4,350,000	5BR/4BA	6,070/20,298	Jim Arbeed, Coldwell Banker
12 Camborne Avenue	$1,850,000	4BR/3BA	2,390/11,206	Charlene McHugh, BHHS Drysdale
8 Dover Court	$1,775,000	3BR/2BA	1,910/6,534	Carrie Du Bois, Coldwell Banker
28 Fay Avenue	$1,099,000	3BR/2BA	1,230/3,657	Jim Minkey, Today Sothebys
982 Holly Street	$928,000	2BR/2BA	1,180/5,850	Holly Fang, Keller Williams

 

(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)
—	$–	$–	$– (–)	—

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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
—	—	$–

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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
1001 Laurel Street #419	$1,149,000	3BR/3BA	1,494	Tim Kerns, Coldwell Banker

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 source1