The San Carlos Real Estate Week in Review: 8/28/2017.
August 28, 2017
The vacation portion of the summer months is drawing to a close as we head into the Labor Day weekend. This was traditionally the start of the fall real estate market, although that date has begun to inch forward on the calendar as schools seem to start back a little earlier every year. Despite the 4 new listings that hit the market this week, inventory for single-family homes in San Carlos remains extremely tight with only 11 homes to choose from. Worse yet for buyers, a full 1/3 of the active listings have been on the market for 3 weeks or longer, so in reality there's even less “fresh” inventory to choose from.
The condo and townhouse market was uncharacteristically quiet last week as well. Only one unit went into contract, and there were no closed sales nor new listings to report. Perhaps this is just the last of the lazy days of summer? We will certainly know how the fall market is going to shake out soon enough…
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 8/27/2017:
San Carlos SFR Data | 8/27/17 | Prior Week |
---|---|---|
Closed Sales for the Week: | 3 | 2 |
Average Sales Price: | $1,835,667 | $1,602,500 |
Median Sales Price: | $1,607,000 | $1,602,500 |
Average % Sold vs List Price: | 114% | 106% |
Average DOM of Closed Sales | 11 | 7 |
Average $/Sq Foot (Sold) | $1,007 | $824 |
No. of New Listings: | 4 | 3 |
Total # of Active Listings: | 11 | 12 |
Average Price of Active Listings: | $1,871,818 | $1,763,158 |
Average DOM of Active Listings: | 27 | 22 |
Average $/Sq Foot (List) | $1,109 | $1,021 |
Total # of Homes Pending Sale: | 18 | 16 |
Active-Pending Ratio: | 0.61 : 1 | 0.75 : 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) |
---|---|---|---|---|
12 Elston Court | $2,450,000 | $2,298,000 | +$152,000 (+6.6%) | 11 |
948 McCue Avenue | $1,607,000 | $1,295,000 | +$312,000 (+24.1%) | 12 |
2667 San Carlos Avenue | $1,450,000 | $1,295,000 | +$155,000 (+12.0%) | 11 |
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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 |
---|---|---|
345 Devonshire Boulevard | 11 | $999,000 |
136 Devonshire Boulevard | 18 | $2,795,000 |
2611 San Carlos Avenue | 14 | $1,699,900 |
150 Manor Drive | 16 | $1,495,000 |
56 Chilton Avenue | 14 | $1,750,000 |
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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 |
---|---|---|---|---|
1636 Howard Avenue | $2,695,000 | 4BR/2.5BA | 2,680/10,400 | Joyce & Tatum, Dwell Realtors |
225 Club Drive | $1,729,000 | 2BR/2BA | 1,510/16,000 | Laura Peters, Alain Pinel Realtors |
15 Hartford Avenue | $1,648,000 | 3BR/2BA | 1,610/13,775 | Chuck Gillooley, Dwell Realtors |
2443 San Carlos Avenue | $1,049,000 | 2BR/2BA | 1,100/7,000 | Stephan Marshall, Pacific Union |
(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) |
---|---|---|---|---|
— | $– | $– | $– (%) | — |
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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 |
---|---|---|
633 Elm Street #202 | 13 | $729,000 |
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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 |
---|---|---|---|---|
— | $– | — | — | — |
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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