San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 9/18/2017. | The White Oaks Blog
San Carlos Real Estate September 18, 2017

The San Carlos Real Estate Week in Review: 9/18/2017.

by Chuck Gillooley

When I predicted that there would be a surge of new listings in San Carlos after the Labor Day Weekend, I wasn’t envisioning the relative tsunami that we have experienced over the past two weeks. Last week alone in San Carlos, 17 new listings hit the market.  That is far and away the largest single week of new listings for any week in 2017, and quite possibly for the past several years.

That brings the two week total of new listing in San Carlos to a whopping 26.  To put that number into perspective, it’s more than the entire month of September average for most years and we’re barely halfway through. So what’s behind this unprecedented surge?

There are a couple of probable explanations.  First, there was so little inventory throughout the summer that something had to give.  People simply heeded conventional wisdom and avoided listing their home during the slower months of July and August, opting to wait until September.

But there’s another underlying sentiment that I get from talking to sellers, and that’s the belief that we have to be nearing a pinnacle in the local housing market. Certainly statistics are showing that the rate of increase of home prices in San Carlos is starting to slow, and for some sellers who have been waiting to time the top of the market, this belief may be the catalyst for them selling.

Regardless, this turn of events is great news for home buyers since they finally have choices. It will be very interesting to see how the numbers below will have changed when I compile the data next week.

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 9/17/2017:

San Carlos SFR Data 9/17/17 Prior Week
Closed Sales for the Week: 5 4
Average Sales Price: $1,734,100 $1,911,750
Median Sales Price: $1,700,000 $1,656,000
Average % Sold vs List Price: 101% 113%
Average DOM of Closed Sales 39 11
Average $/Sq Foot (Sold) $1,028 $1,139
No. of New Listings: 17 9
Total # of Active Listings: 22 12
Average Price of Active Listings: $1,837,357 $2,236,565
Average DOM of Active Listings: 22 11
Average $/Sq Foot (List) $993 $934
Total # of Homes Pending Sale: 21 19
Active-Pending Ratio: 1 : 1 0.63 : 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:

 

517 Cedar Street
517 Cedar Street

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)
517 Cedar Street $1,985,500 $2,100,000 -$114,500 (-5.5%) 93
56 Chilton Avenue $1,885,000 $1,750,000 +$135,000 (+7.7%) 14
26 Hilltop Drive $1,700,000 $1,600,000 +$100,000 (+6.3%) 12
2148 Brittan Avenue $1,600,500 $1,695,000 -$95,000 (-5.6%) 24
231 Winding Way $1,500,000 $1,500,000 $0 (0%) 52

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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
1636 Howard Avenue 16 $2,695,000
144 Chesham Avenue 4 $1,988,000
746 Orange Avenue 7 $1,798,888
55 Hilltop Avenue 18 $3,169,000
739 Orange Avenue 8 $1,849,888
1291 Crestview Drive 9 $1,898,000

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New Single-Family Home Listings in San Carlos:

 

2952 Sherwood Drive
2952 Sherwood 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
2952 Sherwood Drive $2,300,000 4BR/3BA 3,120/30,702 John Rice, Coastside Associates
1648 Walnut Street $2,198,000 3BR/2.5BA 2,470/6,000 Shirley Kraus, Intero
90 Dartmouth Avenue $1,788,000 4BR/2BA 2,280/8,648 Justine Ford
734 Neal Avenue $1,749,000 3BR/2BA 1,230/5,450 Raj Singh, Intero
3230 Melendy Drive $1,749,000 4BR/2.5BA 3,070/8,760 Laura Bertolacci, Dwell Realtors
270 Dartmouth Avenue $1,698,000 3BR/2BA 1,875/8,500 Justine Ford & Associates
16 Madrona Street $1,599,950 3BR/3BA 2,279/8,120 Maxine Dumas, Dumas & Company
1412 Howard Avenue $1,589,000 4BR/2BA 1,703/5,031 Sarah Ravella, Today Sothebys
337 Elm Street $1,524,950 3BR/2.5BA 2,260/7,650 David Blewett, Intero
3210 Brittan Avenue $1,499,950 4BR/2BA 1,710/11,520 David Blewett, Intero
2667 Thornhill Drive $1,495,000 2BR/2BA 1,790/5,650 Alex Lehr, Lehr Real Estate
119 Oakview Drive $1,475,000 3BR/1BA 1,290/7,500 Melanie Smith, Coldwell Banker
2333 Howard Avenue $1,475,000 3BR/2BA 1,260/5,400 Mike Moresco, Alain Pinel Realtors
2472 San Carlos Avenue $1,398,000 3BR/2BA 1,640/9,600 Michelle Glaubert, Coldwell Banker
1705 Eaton Avenue $1,349,000 3BR/2BA 1,600/8,500 Brett Barron, Capital Realty Group
1031 Sunset Drive $1,298,000 3BR/2BA 1,280/5,350 Chet Lane, Berkshire Hathaway
146 Rockridge Road $1,295,000 3BR/2BA 1,930/6,875 Caroline Huo, Keller Williams

 

(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)
$– $– +$– (+–%)

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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 Geranium Lane $899,000 2BR/2BA 1,180 Beth Leathers, Coldwell Banker
1 Elm Street #202 $899,000 2BR/2BA 1,180 Beth Leathers, Coldwell Banker

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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