The San Carlos Real Estate Week in Review: 7/25/2016.

The inventory of homes for sale in San Carlos remained essentially unchanged this week, during moderate activity that is typical of mid July. There were only 5 new listings to test the market, and an equal number of homes went into contract, thus finishing the week right where we started with 20 single-family homes for sale in the city.

Of the seven homes that closed escrow this week, only 4 were able to secure a premium over the asking price. This, combined with the average DOM of 20 days on the market, is consistent with the slight “leveling” of the market that we are seeing right now in San Carlos as we head into the last 1/3 of summer. Homes are not guaranteed to fetch double-digit premiums over the asking price nor sell in the first 7 days like they once were, so some level of patience and realism is definitely required for home sellers in this market.

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 7/24/2016:

San Carlos SFR Data	7/24/16	Prior Week
Closed Sales for the Week:	7	9
Average Sold Price:	$1,714,286	$1,985,000
Average $/Sq Foot (Sold)	$919	$943
Average % List Price:	101%	106%
Average DOM of Closed Sales	20	9
Total # of Homes Pending Sale:	28	30
No. of New Listings:	5	6
Total # of Active Listings:	20	20
Average Price of Active Listings:	$1,871,694	$1,917,644
Average DOM of Active Listings:	31	30
Average $/Sq Foot (List)	$886	$850
Active-Pending Ratio:	0.71 : 1	0.67 : 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)
109 Arundel Road	$2,425,000	$2,595,000	-$170,000 (-6.6%)	45
890 Crestview Drive	$1,890,000	$1,798,000	+$92,000 (+5.1%)	5
1601 Arroyo Avenue	$1,835,000	$1,799,000	+$36,000 (+2.0%)	10
1044 Hewitt Drive	$1,750,000	$1,749,000	+$1,000 (+0.0%)	23
43 Willow Glen Way	$1,448,000	$1,525,000	-$77,000 (-5.0%)	28
43 Pine Avenue	$1,350,000	$1,350,000	$0 (0%)	16
2424 San Carlos Avenue	$1,300,000	$1,149,950	+$150,050 (+13.0%)	14

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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
293 Club Drive	95	$2,150,000
125 Madera Avenue	11	$1,245,000
39 Oak Creek Lane	7	$3,680,000
723 Orange Avenue	7	$1,49,000
2430 Eaton Avenue	8	$1,498,000

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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
86 Madrona Street	$3,950,000	5BR/4BA	3,750/19,915	Alexander Lehr, Lehr Realty
865 Somerset Court	$1,799,000	3BR/2.5BA	2,380/31,328	Brian Musante, Alliance Bay
1424 Elm Street	$1,600,000	3BR/2.5BA	1,800/5,828	Daniel Ebrahemi, Intero
1012 Sylvan Drive	$750,000	2BR/1BA	820/5,001	Kelly Clarke, Coldwell Banker
84 Fay Avenue	$1,195,000	3BR/1BA	1,030/5,589	Dan Lyons, Keller Williams

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