San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 1/8/2018. | The White Oaks Blog
San Carlos Real Estate January 8, 2018

The San Carlos Real Estate Week in Review: 1/8/2018.

by Chuck Gillooley

This is the first update in what promises to be a very eventful 2018 in the world of San Carlos real estate. Much of the talk so far in the new year revolves around how much, if at all, the new tax plan will impact the real estate market all along the Peninsula. I have read some fairly in-depth analyses of tax plan that take into account ALL of the new changes, not only just those that directly impact real estate holdings. What is apparent from these case studies is that much of the loss in tax deductions on real estate holdings is made up for in a lowering of the overall tax rate.  So for many current homeowners and prospective buyers, the difference in overall taxes paid may only be minimal.

And from the perspective of home buyers, even though the tax benefit of home ownership has been diminished somewhat, it still beats renting…beyond the shadow of a doubt.

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 1/7/2018:

San Carlos SFR Data 1/7/18 Prior Week
Closed Sales for the Week: 4 4
Average Sales Price: $2,107,125 $2,065,000
Median Sales Price: $1,807,500 $2,020,000
Average % Sold vs List Price: 110% 107%
Average DOM of Closed Sales 10 12
Average $/Sq Foot (Sold) $1,029 $983
No. of New Listings: 1 0
Total # of Active Listings: 4 3
Average Price of Active Listings: $1,891,500 $2,243,000
Average DOM of Active Listings: 33 36
Average $/Sq Foot (List) $950 $971
Total # of Homes Pending Sale: 9 14
Active-Pending Ratio: 0.44 : 1 0.21 : 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

____________________________________________________________________

San Carlos Single-Family Residences Sold:

 

345 Oakview Drive
345 Oakview 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)
345 Oakview Drive $3,150,000 $2,988,000 +$152,000 (+5.1%) 5
2756 Debbie Court $1,865,000 $1,950,000 -$85,000 (-4.4%) 13
2267 Howard Avenue $1,750,000 $1,398,000 +$352,000 (+25.2%) 9
338 De Anza Avenue $1,663,500 $1,450,000 +$213,500 (+14.7%) 11

__________________________________________________________________

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
$–

____________________________________________________________________

New Single-Family Home Listings in San Carlos:

 

1040 Cherry Street
1040 Cherry 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
1040 Cherry Street $1,188,000 3BR/2BA 1,130/5,000 Maruja Francisco, Realty One 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

____________________________________________________________________

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)
1263 Holly Street #A $1,250,500 $988,888 +$261,112 (+26.4%) 12

_____________________________________________________________________

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
$–

____________________________________________________________________

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 Laurel Street #100 $799,000 2BR/2BA 1,030 Stephen Hicks, Gateway Properties

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.

__________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...
Leave a comment