The San Carlos Real Estate Week in Review: 2/29/2016.

The Scoop.

Thanks to the fact that we're in a leap year, we get an extra day before we close the books on February, which means there will be a few more listings to hit the market in San Carlos before we close the books on this month. But regardless of what debuts today, we will still finish the first two months of the year significantly off the pace of last year and even further behind the year-to-date totals that were registered in prior years. There will be a separate post that will update these totals later this week.

Sales prices remain very strong throughout San Carlos. The homes that closed escrow last week registered and impressive average of $1,053/square foot and a $2,110,600 sales price — both of which are well above the metrics that have been set to date. Look for this to continue as long as listings remain tight.

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 in San Carlos. This data is for the 7-day period ending Sunday 2/28/2016:

San Carlos Housing Data	2/28/16	Prior Week
Closed Sales for the Week:	5	7
Average Sold Price:	$2,110,600	$1,879,286
Average $/Sq Foot (Sold)	$1,053	$984
Average Sold as Percentage Of List Price:	113%	114%
Average DOM of Closed Sales	10	6
Total # of Homes Pending Sale:	9	11
No. of New Listings:	5	1
Total # of Active Listings:	11	7
Average Price of Active Listings:	$1,702,284	$1,564,798
Average DOM of Active Listings:	18	29
Average $/Sq Foot (List)	$920	$763
Active-Pending Ratio:	1.2 : 1	0.64 : 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 Homes 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)
1985 Carmelita Drive	$3,600,000	$3,600,000	$0 (0%)	0
112 Wildwood Avenue	$2,725,000	$2,249,000	+$476,000 (+21.2%)	9
1925 Howard Avenue	$1,380,000	$1,349,000	+$31,000 (+2.3%)	12
2220 San Carlos Avenue	$1,588,000	$1,288,000	+$300,000 (+23.3%)	17
1647 Walnut Street	$1,250,000	$1,049,000	+$201,000 (+19.2%)	10

Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction. The source of this data is the Multiple Listing Service (MLS). Author is in now way responsible for the accuracy of the data from this source.

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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
928 Holly Street	41	$849,900
1316 Rosewood Avenue	12	$1,288,000

Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction. _______________________________________________________________________________________

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
219 Frances Lane	$1,899,000	4BR/3BA	2,400/13,504	Joyce and Tatum, Dwell Realtors
1008 Elm Street	$1,650,000	4BR/2.5BA	2,070/5,998	Susan Wang, Coldwell Banker
184 Lyndhurst Avenue	$1,549,950	3BR/2BA	1,660/7,649	Donna Colangelo, Intero
393 Ridge Road	$1,325,000	3BR/1.5BA	1,310/5,450	Liza Vernazza, Keller Williams
10 Cottage Lane	$1,248,000	3BR/2.5BA	1,660/4,948	Justine Ford

Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent. This data is pulled from the Multiple listing service, and the author is in no way responsible for the accuracy of the data provided herein.

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