The San Carlos Real Estate Week in Review: 11/7/2016.

The tempo of the real estate market in San Carlos remained fairly high over the past seven days, and this is on the heels of two very strong weeks.  Seven more homes were snapped up and that served to drive the inventory level back down to only 17 homes for sale in the entire city. As one would expect, the rate of new listings is starting to taper off as some home sellers opt to wait until after the holidays to put their home on the market.

That's not to say that selling a home over the holidays is not a good idea. With reduced inventory comes reduced competition for sellers, and while some home buyers will take a break for the holidays, there is still a very large contingency of willing and able buyers who won't be deterred by the holiday season. There is a fair amount of uncertainty looking forward into 2017, with the election tomorrow and the specter of the Fed raising interest rates again in December.  Risk averse sellers may take the “bird in hand” philosophy and not wait to see what the climate will look like next year.

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 11/6/2016:

San Carlos SFR Data	11/7/16	Prior Week
Closed Sales for the Week:	5	11
Average Sold Price:	$1,580,000	$1,509,800
Average % List Price:	101%	105%
Average DOM of Closed Sales	26	31
Average $/Sq Foot (Sold)	$946	$878
No. of New Listings:	4	6
Total # of Active Listings:	17	20
Average Price of Active Listings:	$1,892,762	$1,849,187
Average DOM of Active Listings:	27	24
Average $/Sq Foot (List)	$916	$849
Total # of Homes Pending Sale:	29	27
Active-Pending Ratio:	0.59 : 1	0.74 : 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 Residences 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)
1125 Dayton Avenue	$1,700,000	$1,580,000	+$120,000 (+7.6%)	14
274 Vine Street	$1,700,000	$1,549,000	+$151,000 (+9.7%)	4
924 Elm Street	$1,580,000	$1,650,000	-$70,000 (-4.2%)	27
276 Fir Street	$1,470,000	$1,699,000	-$229,000 (-13.5%)	78
1722 Arroyo Avenue	$1,450,000	$1,385,000	+$65,000 (+4.7%)	8

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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
477 Emerald Avenue	14	$2,398,000
2047 Arroyo Avenue	3	$1,449,950
220 Club Drive	11	$1,449,950
100 Palm Avenue	12	$999,888
231 Exeter Avenue	49	$1,900,000
228 Manor Drive	30	$1,495,000
1011 Hall Street	7	$880,000

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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
25 Sunnydale Avenue	$1,799,000	3BR/2.5BA	1,930/5,001	Gino Mazzoni, Coldwell Banker
1529 Cedar Street	$1,350,000	3BR/1BA	1,260/4,600	Mike Bohnert, Coldwell Banker
166 Oakview Drive	$1,318,000	2BR/2BA	1,330/4,400	Shirley Kraus, Intero
206 Sycamore Street	$1,299,000	2BR/1BA	1,080/7,840	Michelle Glaubert, Coldwell Banker

 

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

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Condos and Townhomes Sold in San Carlos:

Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.

Address	Sold Price	Orig. List	Difference	DOM (days)
21 Calypso Lane	$1,250,000	$1,198,000	+$52,000 (+4.3%)	13

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Condo/Townhouse Pending Sale this Week.

The following condos/townhouses went into contract this week. Click on the address of each home to see more details and photos.

Address	DOM (days)	List Price
2 Buttercup Lane	37	$1,189,000

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address of each home to see more details and photos.

Address	List Price	BR/BA	Sq Feet	Listed By
408 Portofino Drive #4	$1,028,000	2BR/2BA	1,570	Christina Ng, Alain Pinel Realtors

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.