San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 8/14/2017. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 8/14/2017.

by Chuck Gillooley

Just when you think house prices are starting to level off just a bit in San Carlos, you have a week like we did last week.  Two of the three homes that closed escrow last week fetched over $300,000 over their asking prices. And neither of these two homes were significantly under-priced to begin with. It just shows that there is still a very strong appetite for good homes in good locations in San Carlos. And although it’s still a relatively small sample size, we are routinely seeing mid-sized homes (~2,000 square feet) fetching over $1,100/sq foot, which is simply amazing.

The inventory of homes for sale in San Carlos did not change from last week, since the number of new listings matched the number of homes that went into contract. As of this morning, we are still sitting on 11 homes for sale in the entire city.  It appears that it will be a good fall market for home sellers, and a market that could remain very strong all the way to the end of the year if inventory continues to remain in check.  The vacation season is starting to wrap itself up as many of the schools now start up again in late August, so expect to see the activity level start to pick up in the coming weeks.

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 8/13/2017:

San Carlos SFR Data 8/13/17 Prior Week
Closed Sales for the Week: 3 3
Average Sales Price: $1,884,333 $1,779,333
Median Sales Price: $1,920,000 $1,810,000
Average % Sold vs List Price: 112% 108%
Average DOM of Closed Sales 16 7
Average $/Sq Foot (Sold) $1,165 $1,075
No. of New Listings: 4 6
Total # of Active Listings: 11 11
Average Price of Active Listings: $1,707,909 $2,046,909
Average DOM of Active Listings: 16 21
Average $/Sq Foot (List) $1,036 $1,069
Total # of Homes Pending Sale: 16 14
Active-Pending Ratio: 0.69 : 1 0.79 : 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:

 

61 Devonshire Circle
61 Devonshire Circle

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)
61 Devonshire Circle $2,308,000 $1,998,000 +$310,000 (+15.5%) 11
12 Wildwood Avenue $1,920,000 $1,599,000 +$321,000 (+20.1%) 12
208 Oakview Drive $1,425,000 $1,420,000 +$5,000 (+0.3%) 24

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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
12 Chestnut Street 25 $1,950,000
1340 Orange Avenue 6 $2,980,000
135 Lynton Avenue 70 $2,650,000
2148 Brittan Avenue 23 1,650,000
1523 Elm Street 7 $1,398,000

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New Single-Family Home Listings in San Carlos:

 

2611 San Carlos Avenue
2611 San Carlos 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
2611 San Carlos Avenue $1,895,000 4BR/6BA 3,370/7,150 Celeste love Pagan, Hometown Realty
40 Amber Court $1,750,000 3BR/2BA 1,660/6,400 Valerie Soltau, Alain Pinel Realtors
56 Chilton Avenue $1,750,000 4BR/2BA 2,060/8,800 Philip Feinn, Perisson Real Estate
345 Devonshire Boulevard $999,000 2BR/1BA 990/7,754 Stanley Lo, Green 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)
1001 Laurel Street #220 $1,001,000 $988,000 +$13,000 (+1.3%) 10
1700 San Carlos Avenue #204 $700,000 $719,000 -$19,000 (-2.6%) 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
$–

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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
3 Mayflower Lane $1,498,000 3BR/2.5BA 2,260 Greg Celotti, Alain Pinel Realtors
633 Elm Street #202 $729,000 1BR/1BA 774 Nancy Palmer, Alain Pinel Realtors

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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