San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 10/23/2017. | The White Oaks Blog
San Carlos Real Estate October 23, 2017

The San Carlos Real Estate Week in Review: 10/23/2017.

by Chuck Gillooley

Eye-popping closing prices made up the big story from last week in the San Carlos real estate market. Of the 9 homes that closed escrow during the past 7 days, 4 of them fetched premiums of $400,000 or more over their relative asking prices.  The average premium paid over the list price was a whopping 20%, which is about double what we normally see — and this was during period when we had an abnormally high blip in inventory! Nothing seems to be slowing this market down.

Home buyers have continued to chip away at the available inventory in San Carlos, and as of this morning there are only 11 single-family homes for sale — about 1/3 of what we had just a few weeks ago. It didn’t help matters that only two new listings popped up last week, but pickings are going to be a bit slim for a while until more listings start hitting the market again.

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 10/22/2017:

San Carlos SFR Data 10/22/17 Prior Week
Closed Sales for the Week: 9 5
Average Sales Price: $1,965,111 $1,889,600
Median Sales Price: $1,755,000 $1,830,000
Average % Sold vs List Price: 120% 112%
Average DOM of Closed Sales 10 9
Average $/Sq Foot (Sold) $934 $979
No. of New Listings: 2 8
Total # of Active Listings: 11 17
Average Price of Active Listings: $2,269,803 $2,056,876
Average DOM of Active Listings: 23 17
Average $/Sq Foot (List) $889 $890
Total # of Homes Pending Sale: 37 39
Active-Pending Ratio: 0.30 : 1 0.44 : 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:

 

5 Porto Marino Lane
5 Porto Marino Lane

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)
5 Porto Marino Lane $2,330,000 $1,898,000 +$432,000 (+22.8%) 11
90 Dartmouth Avenue $2,250,000 $1,788,000 +$462,000 (+25.8%) 11
739 Orange Avenue $2,210,000 $1,849,888 +$360,112 (+19.5%) 8
3230 Melendy Drive $2,200,000 $1,749,000 +$451,000 (+25.8%) 9
101 Belvedere Avenue $1,755,000 $1,535,000 +$220,000 (+14.3%) 7
16 Madrona Street $1,751,000 $1,599,950 +$151,050 (+9.4%) 9
146 Rockridge Road $1,750,000 $1,295,000 +$455,000 (+35.1%) 7
2273 Howard Avenue $1,730,000 $1,395,000 +$335,000 (+24.0%) 8
253 Devonshire Boulevard $1,710,000 $1,598,000 +$112,000 (+7.0%) 20

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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
1645 Elm Street 17 $1,898,000
2667 Thornhill Drive 32 $1,495,000
1320 Hull Drive 7 $1,528,000
3180 Brittan Avenue 10 $1,498,000
1343 Eaton Avenue 7 $1,733,000
2423 Saint Francis Way 7 $1,799,000
58 Club Drive 8 $1,798,000

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New Single-Family Home Listings in San Carlos:

 

2549 San Carlos Avenue
2549 San Carlos Avenue

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
2549 San Carlos Avenue $1,849,000 3BR/2BA 1,800/11,450 Tom Stone, Coldwell Banker
366 Oakview Drive $1,599,950 3BR/3BA 1,920/5,500 David Blewett, Intero

 

(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)
3347 Brittan Avenue #1 $960,000 $879,000 +$81,000 (+9.2%) 13
1 Elm Street #202 $930,000 $899,000 +$31,000 (+3.4%) 12

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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 #206 11 $988,000

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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
793 Elm Street #24 $998,000 2BR/2BA 1,539 John Shroyer, 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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