The San Carlos Real Estate Week in Review: 9/18/2017.
September 18, 2017
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.
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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) |
---|---|---|---|---|
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:
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.)
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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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