The San Carlos Real Estate Week in Review: 2/20/2017.

What's evident after watching this market closely for the past 7 weeks is that we are still in the middle of a very strong seller's market right here in San Carlos, and all along the Peninsula. We have not been able to establish any level of inventory for buyers to mull over. Homes are being consumed at the same rate as new listings, which is keeping the inventory pretty close to single digits in San Carlos. Last week was a prime example of that, with 7 homes being snapped up by buyers, and only 6 listings coming online to replace them.

There will be a few more weeks of tough sledding for buyers before we can start to accumulate some inventory when the main stretch of the Spring market hits. This will help alleviate some of the continual upward pressure on price…if it indeed happens.

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 2/19/2017:

San Carlos SFR Data	2/19/17	Prior Week
Closed Sales for the Week:	5	4
Average Sold Price:	$1,527,000	$2,240,500
Average % of List Price:	110%	101%
Average DOM of Closed Sales	9	18
Average $/Sq Foot (Sold)	$1,058	$937
No. of New Listings:	5	6
Total # of Active Listings:	9	10
Average Price of Active Listings:	$1,504,211	$1,631,295
Average DOM of Active Listings:	8	10
Average $/Sq Foot (List)	$881	$1,057
Total # of Homes Pending Sale:	19	18
Active-Pending Ratio:	0.47 : 1	0.56 : 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)
142 Plymouth Avenue	$2,180,000	$2,176,000	+$4,000 (+0.1%)	11
136 Lyndhurst Avenue	$1,700,000	$1,348,000	+$352,000 (+26.1%)	7
2266 Brittan Avenue	$1,435,000	$1,388,000	+$47,000 (+3.4%)	11
1723 Alameda de las Pulgas	$1,190,000	$1,098,000	+$92,000 (+8.4%)	6
961 Cherry Street	$1,130,000	$995,000	+$135,000 (+13.6%)	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
1348 Cedar Street	53	$2,100,000
1832 Chestnut Street	12	$1,549,000
102 Palm Avenue	10	$1,249,000
105 Manor Drive	11	$1,498,000
1340 Hull Drive	9	$1,295,000
240 Bay View Drive	8	$1,625,000

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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
1616 Chestnut Street	$1,645,000	3BR/2BA	1,640/4,400	Sophie Xu, Keller WIlliams
133 Madera Avenue	$1,550,000	3BR/2BA	1,505/7,095	Danny Burgess, Keller Williams
1671 Hull Drive	$1,348,000	3BR/2BA	1,690/5,800	Holly Noto, Coldwell Banker
1016 Inverness Drive	$1,249,000	4BR/2.5BA	1,620/5,000	Joe Rodden, Berkshire Hathaway
1643 Alameda de las Pulgas	$849,950	2BR/1BA	900/4,520	David Blewett, Intero

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