San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 5/1/2017. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 5/1/2017.

by Chuck Gillooley

There is subtle yet significant difference in the San Carlos real estate market when you compare 2016 to 2017.  In both years, the market started out very strong for the first three months of the year. Then at the end of March in both years, a significant surge of new listings hit the market. The big difference is that in 2016, this surge caused the market to stumble (relatively speaking) for most of the rest of the year. Buyers felt as if they had more to choose from, and the pace and intensity of the market waned – especially for homes that didn’t have all of the right stuff. This was especially noticeable in the second half of the year when multiple offers and 10% premiums over the list price were harder to come by.

But in 2017, the market has behaved entirely differently. Not only did it consume the late-March listing surge with a voracious appetite, but that intensity and urgency has continued unabated right through the end of April. Just look at the numbers below.  A week ago, we had a relatively big surge of 11 new listings that hit the market — twice the weekly average of what we have seen so far this year. But buyers scooped up listings faster than they were hitting the market. Just last week, a whopping 12 homes went into contract, effectively pushing the inventory back down to 11 homes for sale in all of San Carlos. And when you see some of the prices that these homes fetched, it will be jaw-dropping.

Later this week, I will update the graph that shows the number of homes that have sold for $2,000,000 or more in San Carlos over the past 8 years. The numbers are simply staggering.

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 4/30/2017:

San Carlos SFR Data 4/30/17 Prior Week
Closed Sales for the Week: 11 3
Average Sold Price: $1,601,364 $1,749,000
Average % of List Price: 109% 118%
Average DOM of Closed Sales 10 7
Average $/Sq Foot (Sold) $963 $1,045
No. of New Listings: 6 11
Total # of Active Listings: 11 18
Average Price of Active Listings: $2,007,790 $1,765,933
Average DOM of Active Listings: 11 8
Average $/Sq Foot (List) $988 $943
Total # of Homes Pending Sale: 28 25
Active-Pending Ratio: 0.39 : 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.

San Carlos Open House List

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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)
17 Primrose Lane $2,200,000 $1,850,000 +$350,000 (+18.9%) 7
785 Cordilleras Avenue $2,100,000 $1,995,000 +$105,000 (+5.3%) 0
205 Highland Avenue $1,732,000 $1,549,000 +$183,000 (+11.8%) 8
1012 Sylvan Drive $1,600,000 $1,249,000 +$351,000,000 (+28.1%) 14
1161 Woodland Avenue $1,600,000 $1,499,000 +$183,000 (+6.7%) 9
133 Madera Avenue $1,556,000 $1,550,000 +$6,000 (+0.4%) 26
1426 Chestnut Street $1,450,000 $1,328,000 +$122,000 (+9.2%) 2
1049 Sunset Drive $1,410,000 $1,299,000 +$111,000 (+8.5%) 13
1056 Riverton Drive $1,400,000 $1,298,000 +$102,000 (+7.9%) 9
534 Wellington Drive $1,348,000 $1,348,000 $0 (0%) 11
734 Neal Avenue $1,219,000 $1,249,000 -$30,000 (-2.4%) 8

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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
45 Maple Way 3 $1,335,000
677 Knoll Drive 4 $3,495,000
3189 La Mesa Drive 6 $1,995,000
244 Windsor Drive 6 $1,328,000
2424 Saint Francis Way 14 $1,398,000
3020 Melendy Drive 8 $1,895,000
2032 Arroyo Avenue 8 $1,549,950
2417 Graceland Avenue 25 $1,495,000
224 Ruby Avenue 7 $1,998,000
224 Oakview Drive 8 $1,098,000
201 Exeter Avenue 7 $1,725,000
147 Leslie Drive 3 $2,195,000

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New Single-Family Home Listings in San Carlos:

 

1360 Eaton Avenue
1360 Eaton 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
1360 Eaton Avenue $3,675,000 4BR/2.5BA 2,350/11,000 Craig Suhl, Suhl and Company
147 Leslie Drive $2,195,000 5BR/3BA 2,660/13,300 Bob Bredel, Dwell Realtor
2415 Eaton Avenue $1,850,000 3BR/2BA 1,960/8,788 Greg Damelio, Today Sothebys
2717 San Miguel Way $1,850,000 3BR/2.5BA 2,480/9,585 Steven Karp, California Realty
7 Phillip Lane $1,599,000 3BR/2BA 1,620/5,170 Sue Mahlstedt, Coldwell Banker
2441 San Carlos Avenue $1,485,850 3BR/2BA 1,601/7,000 Stephan Marshall, Coldwell Banker

 

(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)
3356 La Mesa Drive #5 $950,000 $849,000 +$101,000 (+11.9%) 3
3324 Brittan Avenue #6 $875,000 $795,000 +$80,000 (+10.0%)
6

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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
757 Elm Street #11 32 $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
6 Lilly Lane $1,275,000 2BR/2.5BA 1,793 Edward Pozzi, Keller Williams
793 Elm Street #18 $998,000 2BR/2BA 1,524 Vivienne Kelvin, Realty World
3321 Brittan Avenue #11 $795,000 2BR/2BA 1,040 Mark Martinho, Vabrato
3376 La Mesa Drive #5 $785,000 2BR/2BA 1,040 Edward Pozzi, Keller Williams

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

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