San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 10/2/2017. | The White Oaks Blog
San Carlos Real Estate October 2, 2017

The San Carlos Real Estate Week in Review: 10/2/2017.

by Chuck Gillooley

Happy October!  If there was any question remaining about the strength of the San Carlos real estate market in light of the recent surge of new listings, this past week should have answered it emphatically.  For the second straight week, we witnessed that the number of homes to go pending exceeded the number of new listings, and that gap was even greater last week than it was two weeks ago. Home buyers are buying up the inventory faster than it is coming on.

The numbers below certainly reflect that strong buying activity.  After hitting a height of 28 early in the week, home buyers whittled that number back down to 21 by last night’s calculations. But what’s just as impressive as the number of houses to go pending is the strength of the offers being received.  With such an uptick in inventory, one could easily assume that it would diffuse some of the pent up pressure in the market. But many of the homes that went into contract in the past week did so with large contingents of multiple offers — just like it was when there were only 8 homes on the market!

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 10/1/2017:

San Carlos SFR Data 10/1/17 Prior Week
Closed Sales for the Week: 7 3
Average Sales Price: $1,644,714 $1,753,333
Median Sales Price: $1,735,000 $1,700,000
Average % Sold vs List Price: 109% 117%
Average DOM of Closed Sales 15 15
Average $/Sq Foot (Sold) $1,001 $1,119
No. of New Listings: 9 12
Total # of Active Listings: 21 26
Average Price of Active Listings: $2,021,379 $1,761,496
Average DOM of Active Listings: 14 10
Average $/Sq Foot (List) $978 $930
Total # of Homes Pending Sale: 37 30
Active-Pending Ratio: 0.57 : 1 0.87 : 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:

 

2611 San Carlos Avenue
2611 San Carlos 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)
2611 San Carlos Avenue $1,900,000 $1,895,000 +$5,000 (+0.2%) 14
119 Oakview Drive $1,800,000 $1,475,000 +$325,000 (+22.0%) 8
12 Chestnut Street $1,788,000 $1,950,000 -$162,000 (-8.3%) 25
150 Manor Drive $1,735,000 $1,495,000 +$240,000 (+16.1%) 16
8 Ensenada Road $1,625,000 $1,598,000 +$27,000 (+1.7%) 19
1447 Alameda $1,435,000 $1,329,000 +$106,000 (+8.0%) 10
345 Devonshire Boulevard $1,230,000 $999,000 +$231,000 (+23.1%) 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
90 Dartmouth Avenue 11 $1,788,000
1018 Montgomery Street 7 $895,000
1648 Walnut Street 12 $2,198,000
255 Ruby Avenue 9 $1,448,000
860 Crestview Drive 9 $1,895,000
1705 Eaton Avenue 13 $1,349,000
2273 Howard Avenue 8 $1,395,000
668 Dartmouth Avenue 9 $1,588,000
1091 Porto Marino Drive 10 $1,598,000
101 Belvedere Avenue 7 $1,535,000
1382 Geneva Avenue 7 $1,798,000
2472 San Carlos Avenue 13 $1,398,000
253 Devonshire Boulevard 12 $1,598,000

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New Single-Family Home Listings in San Carlos:

 

1645 Elm Street
1645 Elm Street

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
30 La Barthe Lane $2,795,000 4BR/2.5BA 2,520/14,370 David Young, Coldwell Banker
3426 Brittan Avenue $2,295,000 5BR/3BA 2,890/10,9374 Trish Ward, Keller Williams
1645 Elm Street $1,898,000 3BR/2BA 1,880/6,250 Chuck Gillooley, Dwell Realtors
5 Porto Marino Lane $1,898,000 3BR/2.5BA 3,240/57,500 Deanna Reuddy, Pacific Union
307 Chesham Avenue $1,699,000 3BR/1.5BA 1,670/19,090 Tom Stone, Coldwell Banker
1912 Eaton Avenue $1,695,000 3BR/2BA 1,740/5,928 Janet Davis, Hometown Realty
1717 Saint Francis Way $1,788,000 3BR/2BA 1,680/5,500 Debbie Wilhelm, Coldwell Banker
183 Ruby Avenue $1,598,000 3BR/2BA 1,430/6,000 Alana Corso, Dwell Realtors
855 Cedar Street $1,295,000 3BR/2BA 1,300/5,850 Bryan Jacobs, RealSmart

 

(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)
633 Elm Street #115 $740,000 $729,000 +$11,000 (+1.5%) 49
633 Elm Street #202 $729,000 $729,000 $0 (0.0%) 13

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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
1001 Laurel Street #415 41 $1,100,000

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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
1 Elm Street #102 $899,000 2BR/2BA 1,180 Lottie Kendall, Today Sothebys
1701 San Carlos Avenue #6 $525,000 1BR/1BA 740 Lottie Kendall, Today Sothebys

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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