The San Carlos Real Estate Week in Review: 6/12/2017.

June 12, 2017

555-Exeter-Way

We are at the mid-point of June, and the San Carlos real estate market continues to surge ahead with the same strength that has been powering the market all through the Spring season. More homes went into contract than there were new listings, so the inventory of homes for sale dropped down to 13 as of this morning.

This week should tell us quite a bit about the appetite for the higher end of the market, as 1420 Orange Avenue debuts as the highest list price ever for a house in White Oaks. It's a fabulous home if you have not seen it yet, as it's one of the very few homes in San Carlos with a fully functional basement among other spectacular features. Market watchers are very curious to see what this home will ultimately sell for.

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 6/11/2017:

San Carlos SFR Data 6/11/17 Prior Week
Closed Sales for the Week: 5 7
Average Sales Price: $1,724,001 $1,559,624
Median Sales Price: $1,780,000 $1,425,000
Average % Sold vs List Price: 109% 109%
Average DOM of Closed Sales 14 9
Average $/Sq Foot (Sold) $860 $1,070
No. of New Listings: 6 6
Total # of Active Listings: 13 15
Average Price of Active Listings: $2,169,031 $2,056,433
Average DOM of Active Listings: 15 13
Average $/Sq Foot (List) $964 $984
Total # of Homes Pending Sale: 28 27
Active-Pending Ratio: 0.56 : 1 0.56 : 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:

 

555 Exeter Way

555 Exeter Way

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)
555 Exeter Way $2,050,000 $1,880,000 +$170,000 (+9.0%) 15
2717 San Miguel Way $1,790,000 $1,850,000 -$60,000 (-3.2%) 29
2032 Arroyo Avenue $1,780,000 $1,549,950 +$230,050 (+14.8%) 8
936 Sunset Drive $1,665,000 $1,398,000 +$267,000 (+19.1%) 11
173 Vine Street $1,335,007 $1,295,000 +$40,007 (+3.1%) 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
2115 White Oak Way 18 $2,848,000
224 Baytree Road 14 $1,995,000
1937 Saint Francis Way 14 $1,595,000
34 Cedar Street 8 $1,549,000
17 Belvedere Avenue 8 $1,495,000
1360 Eaton Avenue 43 $2,595,995

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New Single-Family Home Listings in San Carlos:

 

1420 Orange Avenue

1420 Orange 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
1420 Orange Avenue $3,750,000 6BR/5.5BA 4,300/7,8404 Regan Byers, Coldwell Banker
132 Bay View Drive $2,380,000 4BR/3.5BA 3,520/10,441 Michael Yang, Alain Pinel Realtors
215 Club Drive $2,099,950 4BR/3BA 3,010/19,983 Donna Colangelo, Intero
1119 Alameda de las Pulgas $1,198,950 2BR/1BA 1,140/11,840 Ricky Soriano, Vesta Residential

 

(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)
6 Lilly Lane $1,300,000 $1,275,000 +$25,000 (+2.0%) 11
438 Portofino Drive #101 $1,300,000 $1,299,000 +$1,000 (+0.0%) 29
757 Elm Street #11 $810,000 $849,000 -$39,000 (-4.8%) 32
775 Chestnut Street #29 $653,000 $615,000 +$38,000 (+6.2%) 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
3334 Brittan Avenue #4 4 $779,000
646 Chestnut Street 30 $1,099,000

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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
3388 Brittan Avenue #9 $925,000 3BR/2BA 1,239 Violaine Mraihi, Intero

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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