The San Carlos Real Estate Week in Review: 9/5/2016.

Happy Labor Day, San Carlos! As vacationers enjoy the last 3-day weekend of the summer, home sellers are gearing up to get their homes on the market while weather is good and there's still plenty of daylight. Labor Day historically marks the beginning of the Fall real estate market, even though the vast majority of kids are already back in school. If the tradition of past years holds true, there should be a significant bump in new listings all along the Peninsula over the next 14 days.  This will be a welcome relief for home buyers who are intent on finding a place before the holidays, but have yet to find anything that wows theme with the current inventory. For sellers whose homes have been on the market for awhile, this will not be good news. Just like we saw back in the March-April timeframe of 2016, a sudden uptick in inventory has an adverse effect on the desirability of the “fringe” homes — those that are challenged in the area of price, condition, and/or location. It should be a very interesting couple of weeks.

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 9/4/2016:

San Carlos SFR Data	9/4/16	Prior Week
Closed Sales for the Week:	6	6
Average Sold Price:	$1,785,547	$1,600,167
Average $/Sq Foot (Sold)	$910	$896
Average % List Price:	96%	107%
Average DOM of Closed Sales	30	25
Total # of Homes Pending Sale:	19	20
No. of New Listings:	4	3
Total # of Active Listings:	18	19
Average Price of Active Listings:	$1,981,222	$1,836,471
Average DOM of Active Listings:	31	29
Average $/Sq Foot (List)	$865	$873
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.

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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)
39 Oak Creek Lane	$3,680,000	$3,680,000	$0 (0%)	2
1089 Lupin Way	$1,690,000	$1,690,000	$0 (0%)	2
1973 Saint Francis Way	$1,515,000	$1,698,000	-$183,000 (-10.8%)	40
1449 Howard Avenue	$1,488,280	$1,449,000	+$39,280 (+2.7%)	8
1108 Royal Lane	$1,390,000	$1,449,000	-$59,000 (-4.1%)	98
1223 Alameda de las Pulgas	$950,000	$1,090,000	-$140,000 (-12.8%)	25

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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
1525 Greenwood Avenue	9	$1,150,000
1223 Alameda de las Pulgas	25	$989,000
1541 Hull Drive	11	$1,499,950
8 El Sereno Drive	13	$1,998,000
192 Dartmouth Avenue	56	$1,699,000

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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
596 Club Drive	$3,400,000	3BR/3BA	2,810/21,401	Max Reinhardt, Berkshire Hathaway
151 Windsor Drive	$1,799,000	4BR/2.5BA	2,950/5,358	Lauren Kraus, Coldwell Banker
225 Alberta Avenue	$1,698,000	3BR/2BA	1,667/5,600	Jennifer Liske, Pacific Union
228 Windsor Drive	$1,399,000	3BR/3BA	1,605/4,750	Carol and Nicole, Alain Pinel Realtors

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