The San Carlos Real Estate Week in Review: 10/2/2017.
October 2, 2017
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.
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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) |
---|---|---|---|---|
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:
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.)
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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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