The San Carlos Real Estate Week in Review: 1/23/2017.

As we finish up the third week of the new year, it's apparent that buyers are still clearly outnumbering sellers throughout the Peninsula, and especially in San Carlos.  It's very evident with homes at the “entry-level” of the market. The homes at 941 Holly Street and 961 Cherry Street reportedly got strong multiple offers and were pending sale only a week after they listed. The open house at 1723 Alameda was swamped (with people, not water) on both Saturday and Sunday.  So any thoughts about the market leveling off are going to have to wait until more inventory is built up along the Peninsula.  If or when that happens is anyone's guess, but for now 2017 very much has a 2015 feel to it so far.

The numbers aren't much better for condos and townhouses either. Entering this week, there are only two for sale in the entire city.

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 1/22/2017:

San Carlos SFR Data	1/22/17	Prior Week
Closed Sales for the Week:	0	1
Average Sold Price:	$0	$2,400,000
Average % List Price:	0%	96%
Average DOM of Closed Sales	0	22
Average $/Sq Foot (Sold)	$0	$955
No. of New Listings:	3	7
Total # of Active Listings:	7	9
Average Price of Active Listings:	$1,732,571	$1,547,500
Average DOM of Active Listings:	13	11
Average $/Sq Foot (List)	$1,147	$1,075
Total # of Homes Pending Sale:	11	6
Active-Pending Ratio:	0.6 : 1	1.5 : 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)
—	$–	$–	$– (%)	—

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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
941 Holly Street	8	$848,000
961 Cherry Street	8	$995,000
253 Highland Avenue	11	$1,674,500
142 Plymouth Avenue	11	$2,176,000

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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
1020 Orange Avenue	$2,895,000	5BR/3.5BA	3,260/5,000	Sarah Ravella, Today Sothebys
734 Neal Avenue	$1,249,000	2BR/1BA	1,230/5,450	Liza Vernazza, Keller Wiliams
1723 Alameda de las Pulgas	$1,098,000	2BR/1.5BA	1,030/3,400	Chuck Gillooley, Dwell Realtors

 

(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)
3319 La Mesa Drive #12	$810,000	$829,000	-$19,000 (-2.3%)	12

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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
3358 Brittan Avenue #11	9	$769,000

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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
—	$–	—	—	—

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.