The San Carlos Real Estate Week in Review: 4/4/2016.

The Scoop.

The San Carlos real estate market snapped back into its normal Spring form this week after the Easter break. There were seven new single family home listings to hit the market, but even with the surge of listing activity the inventory of single family homes to choose from in San Carlos is still sitting at only at 17 as of this morning. That's because five homes went into contract during the same period. Interestingly, two of the five sold within the first three days of being on the market. That means there's lots of activity, but still no inventory is being established.

For the third straight week, we will be dealing with some form of Spring break. This time it's the local public schools that will be off for the week, so we will have to see if it has a negative effect on the market activity, since many San Carlos families will ducking out of town for the week.

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 4/3/2016:

San Carlos Housing Data	4/3/16	Prior Week
Closed Sales for the Week:	3	1
Average Sold Price:	$1,641,667	$1,510,000
Average $/Sq Foot (Sold)	$791	$1,228
Average Sold as Percentage Of List Price:	106%	117%
Average DOM of Closed Sales	16	12
Total # of Homes Pending Sale:	20	17
No. of New Listings:	7	1
Total # of Active Listings:	17	14
Average Price of Active Listings:	$2,176,231	$2,203,280
Average DOM of Active Listings:	25	27
Average $/Sq Foot (List)	$895	$839
Active-Pending Ratio:	0.8 : 1	0.8 : 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)
1008 Elm Street	$2,125,000	$1,650,000	+$475,000 (+29%)	7
338 Hill Way	$1,910,000	$1,910,000	$0 (0)	1
928 Holly Street	$890,000	$999,999	-$109,999 (-11%)	41

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
1047 Cherry Street	1	$770,000
125 Chestnut Street	12	$1,650,000
120 Club Drive	3	$1,225,000
1408 Crestview Drive	8	$1,824,950
15 Garden Lane	41	$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
29 Hillcrest Road	$2,248,000	4BR/2.5BA	2,480/6,320	Chuck Gillooley, Dwell Realtors
932 Heather Drive	$2,199,000	4BR/3BA	2,430/7,321	Jennifer Kline, Kline Mann Realty
1637 Cedar Street	$1,995,000	4BR/3BA	2,260/4,522	Brian Ayer, Dreyfus Sothebys
1001 Rosewood Avenue	$1,800,000	3BR/2BA	1,570/6,600	Charles Rauch, CR Properties
1341 Alameda de las Pulgas	$1,500,000	3BR/2BA	1,540/6,164	Judy Ploshay, Coldwell Banker
120 Club Drive	$1,249,000	3BR/2BA	1,820/6,599	Sam Anagnostou, Coldwell Banker
1047 Cherry Street	$770,000	2BR/1BA	900/5,001	Charles Rauch, CR Properties

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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