The San Carlos Real Estate Week in Review: 8/29/2016.

There's not much change in this week's numbers from the prior week. The inventory of single family homes in San Carlos continues to hover around the 20 mark, as the rate of new listings essentially matches the rate of consumption. Also like the prior week, we're continuing to see the recurrence of red ink in the sales column, with a few homes that have tried to stretch the market just a bit too much and had to take reductions in order to sell. This adds continuing evidence that house prices are starting to level off ever so slightly in San Carlos.

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 8/28/2016:

San Carlos SFR Data	8/28/16	Prior Week
Closed Sales for the Week:	6	4
Average Sold Price:	$1,600,167	$1,657,250
Average $/Sq Foot (Sold)	$896	$799
Average % List Price:	107%	103%
Average DOM of Closed Sales	25	31
Total # of Homes Pending Sale:	20	22
No. of New Listings:	3	7
Total # of Active Listings:	19	20
Average Price of Active Listings:	$1,836,471	$1,808,250
Average DOM of Active Listings:	29	23
Average $/Sq Foot (List)	$873	$901
Active-Pending Ratio:	0.9 : 1	0.9 : 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 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)
2209 Carmelita Drive	$2,525,000	$2,598,000	-$73,000 (-2.8%)	95
237 Oakview Drive	$1,750,000	$1,548,000	+$202,000 (+13.0%)	8
1424 Elm Street	$1,600,000	$1,600,000	$0 (0%)	3
125 Madera Avenue	$1,365,000	$1,245,000	+$120,000 (+9.6%)	11
120 Arundel Road	$1,328,000	$1,348,000	-$20,000 (-1.5%)	27
2148 Brittan Avenue	$1,033,000	$849,950	+$183,050 (+9.6%)	8

____________________________________________________________________

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
1066 Porto Marino Drive	12	$1,595,000
107 Dartmouth Avenue	15	$1,599,000
1319 Geneva Avenue	11	$1,198,000
819 Rutherdale Avenue	7	$1,625,000

____________________________________________________________________

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
113 Mirabel Place	$1,895,000	4BR/3.5BA	2,291/3,568	Wayne Rivas, Alain Pinel Realtors
1541 Hull Drive	$1,499,950	4BR/2.5BA	2,230/7,500	David Blewett, Intero
79 Wessex Way	$1,349,999	4BR/2BA	2,110/6,212	Michael Batshon, Intero

____________________________________________________________________

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 now way responsible for the accuracy of the data from this source.