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San Carlos Real Estate October 9, 2017

The San Carlos Real Estate Week in Review: 10/9/2017.

by Chuck Gillooley

Home buyers kept up the strong activity last week in the San Carlos real estate market. Nine single-family homes were put into contract, which easily exceeded the three new listings that hit the market during the same period.  The net result was that the inventory of homes for sale dropped for the second straight week, and is now sitting at 14 homes for sale in the entire city.  Several of these 14 existing listings should be going into contract this week, too.  So unless there is another surge in new listings this coming week, our inventory is likely going to drop even further.

That period of time where we were had 20+ listings on the market was very short-lived.

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 7
Average Sales Price: $2,109,143 $1,644,714
Median Sales Price: $2,010,000 $1,735,000
Average % Sold vs List Price: 108% 109%
Average DOM of Closed Sales 11 15
Average $/Sq Foot (Sold) $1,022 $1,001
No. of New Listings: 3 9
Total # of Active Listings: 14 21
Average Price of Active Listings: $2,300,966 $2,021,379
Average DOM of Active Listings: 18 14
Average $/Sq Foot (List) $918 $978
Total # of Homes Pending Sale: 39 37
Active-Pending Ratio: 0.36 : 1 0.57 : 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:

 

55 Hilltop Drive
55 Hilltop Drive

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)
55 Hilltop Drive $3,075,000 $3,169,000 -$94,000 (-3.0%) 18
1636 Howard Avenue $2,715,000 $2,695,000 +$20,000 (+0.7%) 16
144 Chesham Avenue $2,300,000 $1,988,000 +$312,000 (+15.7%) 4
6 Cypress Court $2,010,000 $1,749,000 +$261,000 (+14.9%) 5
225 Club Drive $1,775,000 $1,729,000 +$46,000 (+2.7%) 14
15 Hartford Avenue $1,747,000 $1,648,000 +$99,000 (+6.0%) 11
976 Holly Street $1,142,000 $999,000 +$143,000 (+15.1%) 6

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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
1817 Brittan Avenue 10 $1,498,000
1180 Elm Street 13 $1,698,000
1717 Saint Francis Way 6 $1,788,000
183 Ruby Avenue 7 $1,598,000
1912 Eaton Avenue 8 $1,695,000
855 Cedar Street 8 $1,295,000
1028 Rosewood Avenue 4 $2,598,000
108 Windsor Drive 13 $1,669,000
403 De Anza Avenue 20 $2,298,888

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New Single-Family Home Listings in San Carlos:

 

345 Oakview Drive
345 Oakview 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
345 Oakview Drive $2,998,000 3BR/3BA 2,675/7,150 David Anderson, I Star Properties
309 Oakview Drive $2,695,000 4BR/4BA 2,680/12,600 Justine Ford & Associates
1028 Rosewood Avenue $2,598,000 4BR/3.5BA 2,720/6,000 Hadar Guibara, Sereno Group

 

(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)
3 Mayflower Lane $1,585,000 $1,498,000 +$87,000 (+5.8%) 18
400 Portofino Drive #4 $1,100,000 $949,999 $150,001 (+15.8%) 2

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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
8 Iris Lane 21 $1,598,000
793 Elm Street #5 2 $899,000
3 Geranium Lane 22 $1,480,000
1701 San Carlos Avenue #6 8 $525,000

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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
1001 Laurel Street #206 $988,000 2BR/2BA 1,138 Lucy Goldenshtyn, Redfin

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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