The San Carlos Real Estate Week in Review: 3/20/2017.

March 20, 2017


Another very strong week of real estate sales is in the books for San Carlos. Clearly, the market is forging ahead despite (or perhaps because of) the Federal Reserve's decision to bump the prime rate up again. If you were watching the rates closely, you would have noticed that the interest rates on home mortgages hardly budged when the announcement was made. That's because lenders already anticipated this move, and had it baked into their current rates. But the specter of an upward trend in interest rates seems to have lit a fire under the backside of home buyers. There were six single-family homes that went pending this week, and if you pay attention to this weekly post in the coming weeks and see where some of these home will ultimately close, you'll understand what I am referring to. There were some very strong offers that were accepted this week.

Inventory remains a challenge for home buyers in most of the communities along the Peninsula.  San Carlos still only has 10 homes for sale as of last night, and Belmont only has 8 homes on the market. That in itself is creating an environment of aggressive over-bidding that's only going to subside when (or if) the inventory increases enough to alleviate some of this pressure. The next few weeks should be very interesting on that front.

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 3/19/2017:

San Carlos SFR Data 3/19/17 Prior Week
Closed Sales for the Week: 7 6
Average Sold Price: $1,663,698 $1,986,167
Average % of List Price: 108% 112%
Average DOM of Closed Sales 9 10
Average $/Sq Foot (Sold) $1,062 $941
No. of New Listings: 5 7
Total # of Active Listings: 10 11
Average Price of Active Listings: $2,194,195 $1,789,000
Average DOM of Active Listings: 14 11
Average $/Sq Foot (List) $938 $901
Total # of Homes Pending Sale: 19 19
Active-Pending Ratio: 0.53 : 1 0.58 : 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.

San Carlos Open House List


San Carlos Single-Family Residences Sold:


2031 Birch Avenue

2031 Birch Avenue

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)
2031 Birch Avenue $2,125,000 $2,198,000 -$73,000 (-3.3%) 3
1333 Cordilleras Avenue $2,038,888 $1,828,000 +$210,888 (+11.5%) 12
240 Bay View Drive $1,821,000 $1,625,000 +$196,000 (+12.1%) 8
105 Manor Drive $1,650,000 $1,498,000 +$152,000 (+10.1%) 11
136 Club Drive $1,375,000 $1,399,950 -$24,950 (-1.8%) 22
1340 Hull Drive $1,333,000 $1,295,000 +$38,000 (+2.9%) 22
1425 Arroyo Drive $1,303,000 $1,050,000 +$253,000 (+24.1%) 0


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
28 Fay Avenue 10 $1,099,000
1041 Cherry Street 3 $988,000
104 Dundee Lane 8 $2,398,000
967 McCue Avenue 7 $1,199,000
1058 Montgomery Street 10 $849,000
113 Oakview Drive 8 $1,550,000


New Single-Family Home Listings in San Carlos:


236 Alberta Avenue

236 Alberta Avenue

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
236 Alberta Avenue $2,848,000 6BR/4BA 3,580/8,800 Shirley Kraus, Intero
361 Chesham Avenue $2,499,950 3BR/2BA 1,530/8,712 Donna Colangelo, Intero
293 Club Drive $2,150,000 4BR/3BA 2,200/65,000 Monique Lombardelli, Modern Homes
205 Highland Avenue $1,549,000 3BR/2.5BA 1,680/6,288 Irene Weisman, Keller Williams
1049 Sunset Drive $1,299,000 3BR/3BA 2,050/5,500 Robert Miller, Excel Realty


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

Homes for Sale in San Carlos


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)
2 Meadowsweet Lane $1,260,000 $1,175,000 +$85,000 (+7.2%)
1 Sorrel Lane $1,275,000 $1,198,000 +$77,000 (+6.4%)
416 Portofino Drive #201 $910,000 $875,000 +$35,000 (+4.0%)
3331 La Mesa Drive #2 $760,235 $749,000 +$11,235 (+1.5%)


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
12 Marigold Lane 5 $1,295,000
731 Chestnut Street #113 6 $915,000


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 sourc

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  1. Sylvia Villanueva on March 24, 2017 at 3:08 am

    Either something is wrong with your website or something is wrong with my iPad. Whenever I look at your open house page I get a map of somewhere else, either Arizona or San Diego area. Also it says no open houses currently. It has been doing this for a couple of weeks now…

  2. Chuck Gillooley on March 24, 2017 at 9:56 pm

    Thank you SO MUCH for letting me know about that! I had no idea it was pointing the map to Arizona! It should be fixed now, but please let me know you’re encountering any problems.

  3. Sylvia Villanueva on March 25, 2017 at 2:23 am

    No problem. I enjoy your blog and always check it so I know what’s going on in our area as far as real estate is concerned. Just sorry I waited so long to call it to your attention.

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