The San Carlos Real Estate Week in Review: 2/6/2017.

Although the numbers below may not totally reflect it, home buyers are hitting the San Carlos market with a renewed ferocity that we haven't seen since about this time last year. What few open houses that we've had so far have been very well attended, and the homes that you've seen below that have changed over to “pending” will close at some pretty eye-popping prices. This is due in large part to the fact that there are simply not enough homes for sale to balance out the demand, and that is the primary reason why home prices continue to rise.

Interest rates have risen in the past few weeks, which negatively impacts some home buyers. But the stock market has also been unstoppable during the same period of time, as we witnessed it crush the 20,000 point mark for the first time in history. So despite these conflicting forces at play, home buyers appear to be getting stronger in this market, not weaker.

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 2/5/2017:

San Carlos SFR Data	2/5/17	Prior Week
Closed Sales for the Week:	0	4
Average Sold Price:	$0	$1,730,750
Average % of List Price:	0%	97%
Average DOM of Closed Sales	0	45
Average $/Sq Foot (Sold)	$0	$743
No. of New Listings:	5	5
Total # of Active Listings:	11	8
Average Price of Active Listings:	$1,868,177	$1,944,000
Average DOM of Active Listings:	11	10
Average $/Sq Foot (List)	$962	$1,007
Total # of Homes Pending Sale:	13	11
Active-Pending Ratio:	0.85 : 1	0.7 : 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
1020 Orange Avenue	12	$2,895,000
602 De Anza Avenue	7	$1,648,000

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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
353 Clifton Avenue	$2,895,000	6BR/5BA	4,000/10,000	Bob Bredel, Dwell Realtors
2031 Birch Avenue	$2,198,000	4BR/3.5BA	2,560/5,000	Alana Corso, Dwell Realtors
1832 Chestnut Street	$1,549,000	3BR/2BA	1,510/4,725	Val Vandervort, Reside
469 Wellington Drive	$1,499,000	4BR/3BA	1,696/8,800	Sandy Rostad, Coldwell Banker
136 Club Drive	$1,399,950	4BR/2BA	1,770/7,250	Donna Colangelo, Intero

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