The San Carlos Real Estate Week in Review: 11/6/2017.

Low inventory continues to be the underlying story in the San Carlos real estate market this week. Entering this morning, there are only 11 single-family homes and 1 townhouse for sale in all of San Carlos. Five new listings did hit the market last week, but buyers took homes into contract at nearly the same rate which kept the inventory in the low teens for the second straight week.

As we are now in November, one can expect that the rate of new listings will start to slow down as some potential sellers will opt to wait until the new year to sell their home rather deal with the inconvenience of listing their home during the holiday season. Those sellers that do venture into the market will find that there are still lots of qualified and eager buyers, and very little competition for their listing.

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 11/5/2017:

San Carlos SFR Data	11/5/17	Prior Week
Closed Sales for the Week:	10	13
Average Sales Price:	$1,983,680	$1,859,823
Median Sales Price:	$1,859,000	$1,750,000
Average % Sold vs List Price:	107%	110%
Average DOM of Closed Sales	19	9
Average $/Sq Foot (Sold)	$1,075	$988
No. of New Listings:	5	1
Total # of Active Listings:	11	10
Average Price of Active Listings:	$2,309,172	$2,192,984
Average DOM of Active Listings:	18	22
Average $/Sq Foot (List)	$980	$894
Total # of Homes Pending Sale:	20	26
Active-Pending Ratio:	0.55 : 1	0.38 : 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)
2139 Greenwood Avenue	$2,746,800	$2,998,000	-$251,200 (-8.4%)	14
135 Lynton Avenue	$2,595,000	$2,750,000	-$155,000 (-5.6%)	102
1291 Crestview Drive	$2,130,000	$1,898,000	+$232,000 (+12.2%)	9
1717 Saint Francis Way	$2,040,000	$1,788,000	+$252,000 (+14.1%)	6
1912 Eaton Avenue	$1,908,000	$1,695,000	+$213,000 (+12.6%)	8
183 Ruby Avenue	$1,810,000	$1,598,000	+$212,000 (+13.2%)	7
1817 Brittan Avenue	$1,692,000	$1,498,000	+$194,000 (+13.0%)	10
307 Chesham Avenue	$1,660,000	$1,699,000	-$39,000 (-2.3%)	8
43 Willow Glen Way	$1,650,000	$1,698,000	-$48,000 (-2.8%)	17
855 Cedar Street	$1,605,000	$1,295,000	+$310,000 (+23.9%)	8

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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
2952 Sherwood Drive	47	$2,300,000
366 Oakview Drive	11	$1,599,950
200 Sycamore Street	19	$1,699,999

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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
291 Hyde Park Avenue	$3,488,000	3BR/2.5BA	3,395/8,045	Chris Anderson, Alain Pinel Realtors
30 Gateway Court	$2,400,000	4BR/3BA	2,861/4,951	Samuel Pilli, Engel & Voelkers
25 Sunnydale Avenue	$2,038,000	3BR/2.5BA	1,930/5,000	Rachel Ni, Coldwell Banker
109 Brook Street	$1,495,000	2BR/3BA	1,618/4,824	Mary Ficklin, Alain Pinel Realtors
1380 Hull Drive	$1,448,000	3BR/1.5BA	1,560/8,800	Vandervort Group, Reside Real Estate

 

(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)
1001 Laurel Street #415	$1,050,000	$1,100,000	-$50,000 (-4.5%)	41
793 Elm Street #5	$975,000	$899,000	+$76,000 (+8.5%)	2
1701 San Carlos Avenue #6	$600,000	$525,000	+$75,000 (+14.3%)	8

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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
793 Elm Street #24	15	$998,000

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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
2 Geranium Lane	$1,449,000	2BR/2.5BA	2,260	Greg Celotti, Alain Pinel Realtors

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.