The San Carlos Real Estate Week in Review: 9/11/2017.
September 11, 2017
There are some days (not many) on this site where I look like a genius. Last week was one of those days, when I predicted that the fall market would turn out to be very active right after Labor Day weekend. By the end of last week, no fewer than 9 new listings hit the market in San Carlos, which is very likely the highest one week total all year. But even with that uncharacteristic surge in new listings, the inventory of homes for sale in San Carlos is still only at 12! That tells you how unbelievably depleted our inventory has been for so long.
The buyer population responded very well to this sudden increase in inventory. Open houses were packed this weekend, even despite the hot weather and the opening weekend for soccer. Even though this uptick in inventory will provide some help for home buyers, there are still clearly way more buyers in the San Carlos market than there are homes to buy. It will be very interesting to see how the market absorbs the new activity, and whether we can expect the surge to continue.
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 9/10/2017:
San Carlos SFR Data | 9/10/17 | Prior Week |
---|---|---|
Closed Sales for the Week: | 4 | 4 |
Average Sales Price: | $1,911,750 | $1,910,688 |
Median Sales Price: | $1,656,000 | $1,518,875 |
Average % Sold vs List Price: | 113% | 109% |
Average DOM of Closed Sales | 11 | 25 |
Average $/Sq Foot (Sold) | $1,139 | $796 |
No. of New Listings: | 9 | 2 |
Total # of Active Listings: | 12 | 9 |
Average Price of Active Listings: | $2,236,565 | $2,120,000 |
Average DOM of Active Listings: | 11 | 25 |
Average $/Sq Foot (List) | $934 | $1,047 |
Total # of Homes Pending Sale: | 19 | 18 |
Active-Pending Ratio: | 0.63 : 1 | 0.50 : 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) |
---|---|---|---|---|
136 Devonshire Boulevard | $2,825,000 | $2,795,000 | +$30,000 (+1.1%) | 18 |
1523 Elm Street | $1,677,000 | $1,398,000 | +$279,000 (+20.0%) | 7 |
2294 Carmelita Drive | $1,635,000 | $1,350,000 | +$285,000 (+21.1%) | 11 |
2024 Brittan Avenue | $1,510,000 | $1,395,000 | +$115,000 (+8.2%) | 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 |
---|---|---|
15 Hartford Avenue | 11 | $1,648,000 |
6 Cypress Court | 5 | $1,749,000 |
8 Ensenada Road | 19 | $1,598,000 |
926 Laurel Street | 80 | $2,148,000 |
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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 |
---|---|---|---|---|
2604 Graceland Avenue | $3,750,000 | 5BR/3.5BA | 4,131/19,160 | John Shroyer, Today Sothebys |
2139 Greenwood Avenue | $2,998,000 | 4BR/4BA | 2,334/9,380 | Sam Anagnostou, Coldwell Banker |
144 Chesham Avenue | $1,998,000 | 4BR/2BA | 2,330/7,270 | Alan Canas, Sothebys International |
1291 Crestview Drive | $1,898,000 | 4BR/2.5BA | 2,300/19,350 | Que Foor, Alain Pinel Realtors |
739 Orange Avenue | $1,849,000 | 4BR/2BA | 1,860/6,100 | Kevin Pickett, Today Sothebys |
746 Orange Avenue | $1,798,888 | 3BR/2BA | 2,000/11,928 | Chuck Gillooley, Dwell Realtors |
43 Willow Glen Way | $1,698,000 | 3BR/2BA | 1,900/10,900 | Adam Levin, Marcus & Millichap |
858 Orange Avenue | $1,450,000 | 4BR/2BA | 2,010/5,500 | Cheryl Bower, Zephyr Real Estate |
976 Holly Street | $949,000 | 2BR/1BA | 1,040/5,850 | Haneen Hayder, Coldwell Banker |
(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) |
---|---|---|---|---|
3348 La Mesa Drive #1 | $890,000 | $879,000 | +$11,000 (+1.3%) | 18 |
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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 |
---|---|---|
400 Portofino Drive #4 | 2 | $949,999 |
655 Prospect Street | 7 | $998,000 |
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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 |
---|---|---|---|---|
3347 Brittan Avenue #1 | $879,000 | 2BR/2BA | 1,040 | Chris Yuen, Perisson |
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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