The San Carlos Real Estate Week in Review: 4/17/2017.

As we communicated on the site last week, the price of housing in San Carlos hit an all-time high in the first quarter of 2017. Prices for both single-family homes and condos hit uncharted territory last quarter, and it doesn't appear that this trend will be abating any time soon. The inventory of homes in San Carlos continues to remain extremely low, which is one of prime catalysts behind the continuous upward trajectory of home prices. As of this morning, there are still only 10 homes for sale in all of San Carlos, and 4 multi-residence units on the market. This is an absurdly low number for being in the middle of April.

The Spring market only has another 6 weeks left before we hit the month of June and activity starts to curtail as we head into to the summer months. These next 6 weeks will tell us a whole lot about what we can expect the market to look like for the rest of 2017.

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 4/16/2017:

San Carlos SFR Data	4/16/17	Prior Week
Closed Sales for the Week:	4	8
Average Sold Price:	$1,522,500	$1,741,875
Average % of List Price:	110%	110%
Average DOM of Closed Sales	4	10
Average $/Sq Foot (Sold)	$1,067	$906
No. of New Listings:	5	4
Total # of Active Listings:	10	9
Average Price of Active Listings:	$1,900,395	$1,809,994
Average DOM of Active Listings:	14	13
Average $/Sq Foot (List)	$989	$921
Total # of Homes Pending Sale:	23	22
Active-Pending Ratio:	0.43 : 1	0.41 : 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)
293 Club Drive	$2,260,000	$2,150,000	+$110,000 (+5.1%)	5
967 McCue Avenue	$1,380,000	$1,199,000	+$181,000 (+15.1%)	7
933 Walnut Street	$1,350,000	$1,248,000	+$102,000 (+8.2%)	2
1041 Cherry Street	$1,100,000	$988,000	+$112,000 (+11.3%)	3

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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
1012 Sylvan Drive	14	$1,249,000
1310 Saint Francis Way	11	$1,698,000
1374 Chestnut Street	9	$1,228,000
808 Sunset Drive	6	$1,479,000

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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
19 Anchor Lane	$2,995,000	6BR/3.5BA	3,650/11,900	Brian Ayer, Dreyfus Sothebys
2720 Debbie Court	$1,788,000	3BR/2BA	1,870/5,600	Thomas Diridon, RE/MAX
2424 Saint Francis Way	$1,398,000	3BR/1.5BA	1,320/5,225	Jennifer Buenrostro, Alain Pinel Realtors
8 Gaylord Court	$1,288,000	3BR/2BA	1,230/8,000	Justine Ford & Associates
929 Holly Street	$899,000	2BR/1BA	890/5,850	Gordon Ferguson, Coldwell Banker

 

(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)
731 Chestnut Street #113	$942,000	$915,000	+$27,000 (+3.0%)	6
728 Elm Street #108	$815,000	$769,000	+$46,000 (+6.0%)	11

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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
3324 Brittan Avenue #6	6	$795,000
404 Portofino Drive #2	14	$860,000

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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
939 Laurel Street #201	$799,000	2BR/2BA	926	Chris Mosher, Sereno Group

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 sourc