The San Carlos Real Estate Week in Review: 3/7/2016.

The Scoop.

The San Carlos real estate market got a nice shot in the arm this past week with six new single-family homes hitting the market, which is a bit more typical of what we expect to see this time of year. But four of the existing listings went into contract during the same period, so the net impact on the available inventory was only an increase of 2. What's amazing about this figure is not that there are only 12 homes for sale in San Carlos right now — it's that the average price of a home for sale in San Carlos right now is just a shade under $2,000,000. Who would have thought that it would go this high?

The next few weeks mark the true start of the Spring real estate market in San Carlos. It will be very interesting to see if we continue to get a surge of new listings, or if we will register yet another consecutive year where were simply fewer homes to choose from.

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 3/6/2016:

San Carlos Housing Data	3/6/16	Prior Week
Closed Sales for the Week:	3	5
Average Sold Price:	$1,475,000	$2,110,600
Average $/Sq Foot (Sold)	$1,152	$1,053
Average Sold as Percentage Of List Price:	103%	113%
Average DOM of Closed Sales	16	10
Total # of Homes Pending Sale:	12	9
No. of New Listings:	6	5
Total # of Active Listings:	12	10
Average Price of Active Listings:	$1,914,967	$1,702,284
Average DOM of Active Listings:	19	18
Average $/Sq Foot (List)	$881	$920
Active-Pending Ratio:	1.0 : 1	1.2 : 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)
3165 La Mesa Drive	$2,100,000	$1,998,000	+$102,000 (+5.1%)	0
1938 Eaton Avenue	$1,420,000	$1,395,000	+$25,000 (+1.8%)	7
147 Windsor Drive	$905,000	$899,950	+$5,050 (+0.1%)	35

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
15 Garden Lane	17	$1,288,000
393 Ridge Road	9	$1,325,000
1008 Elm Street	7	$1,650,000
184 Lyndhurst Avenue	9	$1,549,950

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
60 Ensenada Road	$2,999,800	5BR/6BA	3,566/8,111	Justine Ford
400 Devonshire Boulevard	$1,999,999	3BR/2.5BA	2,350/8,102	Mary Yeargain, Alain Pinel Realtors
760 Tamarack Avenue	$1,799,000	4BR/2BA	1,898/6,399	Haifa and Ruba, Today Sothebys
541 Vista Avenue	$1,529,950	3BR/2.5BA	1,997/9,165	Donna Colangelo, Intero
1108 Royal Lane	$1,449,000	2BR/2.5BA	2,720/2,256	Denette Bartoli, Terrace Associates
2411 Graceland Avenue	$1,325,000	3BR/2BA	1,450/4,900	Marilyn Koron, Coldwell Banker

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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