San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 7/24/2017. | The White Oaks Blog
San Carlos Real Estate July 24, 2017

The San Carlos Real Estate Week in Review: 7/24/2017.

by Chuck Gillooley

There are some amazing sales prices in the table below for homes that closed escrow last week in San Carlos.  Four of the six homes that closed escrow did so at prices that were at least $200,000 over their respective asking prices, and the average amount over the asking price last week was a whopping 15% — the highest average in a number of weeks. The other amazing statistic is the average price per square foot of these sold homes, which just topped $1,200/square foot.  This makes it abundantly clear that home prices in San Carlos are showing no sign of weakening any time soon, which is not good news for home buyers.

If there is good news for buyers, it’s that the inventory is holding steady in the mid-teens, and that more listings will definitely be hitting the market in the August and September time frame.   The backlog of pending sales is finally dwindling down, as is apparent in the active/pending ratio of 1.4:1, which is the highest it has been in a long time.

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 7/23/2017:

San Carlos SFR Data 7/23/17 Prior Week
Closed Sales for the Week: 6 8
Average Sales Price: $1,650,807 $2,131,875
Median Sales Price: $1,599,920 $1,800,000
Average % Sold vs List Price: 115% 109%
Average DOM of Closed Sales 9 10
Average $/Sq Foot (Sold) $1,201 $974
No. of New Listings: 2 7
Total # of Active Listings: 14 15
Average Price of Active Listings: $1,962,629 $1,954,520
Average DOM of Active Listings: 25 18
Average $/Sq Foot (List) $1,007 $993
Total # of Homes Pending Sale: 10 14
Active-Pending Ratio: 1.4 : 1 1.07 : 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:

 

1800 Howard Avenue
1800 Howard Avenue

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)
1800 Howard Avenue $2,320,000 $1,950,000 +$370,000 (+19.0%) 14
132 Arundel Road $1,775,000 $1,498,000 +$277,000 (+18.5%) 10
247 Fairmont Avenue $1,624,840 $1,395,000 +$229,840 (+16.5%) 13
33 Cedar Street $1,575,000 $1,299,000 +$276,000 (+21.2%) 7
1300 Orange Avenue $1,570,000 $1,589,000 -$19,000 (-1.2%) 9
929 Holly Street $1,060,000 $899,000 +$161,000 (+17.9%) 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
553 Dartmouth Avenue 6 $1,400,000
1451 Magnolia Avenue 7 $1,637,000
61 Devonshire Circle 11 $1,998,000

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New Single-Family Home Listings in San Carlos:

 

2148 Brittan Avenue
2148 Brittan 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
2148 Brittan Avenue $1,695,000 3BR/2BA 1,699/5,000 Horacio Bertinetti, Realty One
12 Wildwood Avenue $1,599,000 3BR/2BA 1,670/7,874 Linda Davis, Intero

 

(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)
3388 Brittan Avenue #9 $975,000 $925,000 +$50,000 (+5.4%) 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
$–

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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
32 Chicory Lane $1,425,000 3BR/3BA 2,031 Glen Mitchell, 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 no way responsible for the accuracy of the data from this source.

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