San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 2/5/2018. | The White Oaks Blog
San Carlos Real Estate February 5, 2018

The San Carlos Real Estate Week in Review: 2/5/2018.

by Chuck Gillooley

If it seemed like there was virtually nothing to choose from in the San Carlos real estate market in January, it’s not just your imagination.  There were only 16 new single-family listings in the entire month of January, and while this was on par with January of 2017, it’s about 25% less than what we would historically see in the first month of the year.

So as we head into February, there are only 6 single-family homes and 2 condos for sale in the entire city — and far more buyers than there are places to put them. When you see some of the closing prices in the coming weeks (like the one below), you’ll see the direct impact that this situation is having on home prices in San Carlos. We’ll discuss the situation in a bit more detail on another post later this week, but it’s pretty tough going right now for buyers who are trying to make San Carlos their next home.

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 2/4/2018:

San Carlos SFR Data 2/4/18 Prior Week
Closed Sales for the Week: 1 1
Average Sales Price: $2,600,000 $1,775,000
Median Sales Price: $2,600,000 $1,775,000
Average % Sold vs List Price: 125% 96%
Average DOM of Closed Sales 7 60
Average $/Sq Foot (Sold) $986 $986
No. of New Listings: 4 6
Total # of Active Listings: 6 7
Average Price of Active Listings: $2,407,658 $2,393,850
Average DOM of Active Listings: 19 15
Average $/Sq Foot (List) $884 $967
Total # of Homes Pending Sale: 15 10
Active-Pending Ratio: 0.4 : 1 0.7 : 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:

 

1627 Chestnut Street
1627 Chestnut Street

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)
1627 Chestnut Street $2,600,000 $2,088,000 +$512,000 (+24.5%) 7

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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
10 Gateway Court 3 $2,450,000
190 Wilshire Court 0 $1,549,000
125 Belvedere Avenue 4 $2,895,000
1040 McCue Avenue 7 $988,000
1008 Sylvan Drive 1 $1,149,000
1985 Carmelita Drive 12 $3,495,000

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New Single-Family Home Listings in San Carlos:

50 Gateway Court
50 Gateway Court

 

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) aListed By
35 Winding Way $3,198,000 4BR/3BA 2,750/18,200 Bob Bredel, Dwell Realtors
50 Gateway Court $2,750,000 4BR/3.5BA 3,204/5,197 Samuel Pilli, Engel & Voelkers
1968 San Carlos Avenue $1,569,000 3BR/2BA 1,830/6,050 John Shroyer, Today Sothebys
1008 Sylvan Drive $1,149,000 3BR/1BA 1,120/5,000 Michael Bruno, Cal-West Realty

 

(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)
3392 Brittan Avenue #7 $950,000 $899,000 +$51,000 (+5.7%) 0

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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
$–

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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
26 Trillium Lane $1,388,000 2BR/2.5BA 1,793 David Young, Coldwell Banker

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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