San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 9/4/2017. | The White Oaks Blog
San Carlos Real Estate September 4, 2017

The San Carlos Real Estate Week in Review: 9/4/2017.

by Chuck Gillooley

Happy Labor Day weekend to everyone! For once, the real estate market wasn’t the hottest topic in town as the temperatures rose to severely uncomfortable levels over the weekend. I think it’s a safe bet that the percentage of homes in San Carlos that have air conditioning will notch up perceptibly after this latest heat wave.

Labor Day marks the traditional start of the fall real estate market. Understandably, the activity in the week leading up to Labor Day was relatively light as only two listings decided to their open house debuts over the holiday weekend. That in combination with the four homes that went into contract has driven the inventory down to 9 homes for sale in the entire city. And that will likely drop even further before next weekend.

But I believe this is a temporary condition, and that there will be a renewed surge in inventory as we head into September.  I have two San Carlos listings that I will be rolling out this month, and from the activity level that I see with stagers, inspectors, and other agents, I believe we are in for a very busy fall season.  So whether you plan to buy or sell between now and Thanksgiving, it would be sound advice to pay very close attention to the market 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 9/3/2017:

San Carlos SFR Data 9/3/17 Prior Week
Closed Sales for the Week: 4 3
Average Sales Price: $1,910,688 $1,835,667
Median Sales Price: $1,518,875 $1,607,000
Average % Sold vs List Price: 109% 114%
Average DOM of Closed Sales 25 11
Average $/Sq Foot (Sold) $796 $1,007
No. of New Listings: 2 4
Total # of Active Listings: 9 11
Average Price of Active Listings: $2,120,000 $1,871,818
Average DOM of Active Listings: 25 22
Average $/Sq Foot (List) $1,047 $1,021
Total # of Homes Pending Sale: 18 18
Active-Pending Ratio: 0.50 : 1 0.61 : 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:

 

1340 Orange Avenue
1340 Orange 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)
1340 Orange Avenue $3,225,000 $2,980,000 +$245,000 (+8.2%) 6
3236 Brittan Avenue $1,520,000 $1,699,000 -$179,000 (-10.5%) 28
2120 Saint Francis Way $1,517,750 $1,148,500 +$369,250 (+32.2%) 47
2 Daffodil Lane $1,380,000 $1,399,999 -$19,999 (-1.40%) 17

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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
1447 Alameda 10 $1,329,000
2443 San Carlos Avenue 9 $1,049,000
517 Cedar Street 93 $2,100,000
217 Clifton Avenue 31 $1,895,000

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New Single-Family Home Listings in San Carlos:

 

55 Hilltop Drive

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
55 Hilltop Drive $3,169,000 5BR/4BA 3,384/6,818 Pete Vece, Today Sothebys
6 Cypress Court $1,749,000 4BR/2.5BA 2,260/9,660 Bob Bredel, Dwell Realtors

 

(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)
32 Chicory Lane $1,467,500 $1,425,000 +$42,500 (+3.0%) 15

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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 #115 49 $729,000
3 Mayflower Lane 18 $1,498,000

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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
655 Prospect Street $998,000 2BR/2.5BA 1,263 Haifa Khoury, Today Sothebys
400 Portofino Drive #4 $949,999 3BR/2BA 1,570 Jim Meech, 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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