The San Carlos Real Estate Week in Review: 4/3/2017.

Just like it did at this exact time last year, the San Carlos real estate market got a much needed jolt of new listings this past week. There were 8 new listings to take the stage last week – 5 of them on Monday alone. It appears to be the beginning of a pretty substantial push of new listings as we enter the last two months of the Spring real estate market. There are quite a few “Coming Soon” signs popping up all over San Carlos, so buyers can expect to have a bit more to choose from over the next couple of months.

But unlike last year, when the increase in inventory served to cool off the market just a bit, it seems like the intensity of the local market just keeps ratcheting up. Open houses were very busy last weekend, and the demand still seems to be very high. Several of the 13 homes that are currently on the market won't be around at this time next week, but with the rapid turn in inventory that we are expecting, it should yield some very interesting results in the coming weeks.

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 4/2/2017:

San Carlos SFR Data	4/2/17	Prior Week
Closed Sales for the Week:	2	5
Average Sold Price:	$1,828,000	$1,815,000
Average % of List Price:	115%	110%
Average DOM of Closed Sales	10	10
Average $/Sq Foot (Sold)	$1,066	$967
No. of New Listings:	8	4
Total # of Active Listings:	13	9
Average Price of Active Listings:	$1,781,762	$2,121,000
Average DOM of Active Listings:	8	13
Average $/Sq Foot (List)	$926	$838
Total # of Homes Pending Sale:	21	19
Active-Pending Ratio:	0.62 : 1	0.47 : 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 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)
1616 Chestnut Street	$1,871,000	$1,645,000	+$226,000 (+13.4%)	8
2711 San Miguel Way	$1,785,000	$1,539,000	+$246,000 (+16.0%)	11

__________________________________________________________________

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
236 Alberta Avenue	11	$2,848,000
1426 Chestnut Street	2	$1,328,000
55 Roslyn Avenue	52	$1,917,000
17 Primrose Lane	7	$1,850,000
1049 Sunset Drive	13	$1,299,000
534 Wellington Drive	11	$1,348,000

____________________________________________________________________

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
410 Hill Way	$2,598,000	3BR/4BA	2,820/5,470	John Shroyer, Today Sothebys
1310 Saint Francis Way	$1,698,000	3BR/2.5BA	2,095/8,500	Greg Celotti, Alain Pinel Realtors
1161 Woodland Avenue	$1,449,000	3BR/1BA	1,330/4,880	Ellen Larios, Today Sothebys
2325 Brittan Avenue	$1,448,000	3BR/1.5BA	1,670/6,480	Mr.Bredel, Dwell Realtors
1426 Chestnut Street	$1,328,000	3BR/1BA	1,230/4,400	Justine Ford & Associates
1056 Riverton Drive	$1,298,000	3BR/2BA	1,620/5,000	Jessica Eva, Today Sothebys
1012 Sylvan Drive	$1,298,000	3BR/2BA	1,720/5,000	James Sun, Centermac Realty
2212 San Carlos Avenue	$1,298,000	3BR/1BA	1,240/6,500	Drew Doran, Coldwell Banker

 

(Click the “Homes For Sale” sign below to see ALL of the homes currently 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)
1001 Laurel Street #419	$1,205,000	$1,149,000	+56,000 (+4.9%)	8
3332 Brittan Avenue #17	$825,000	$729,000	+26,000 (+3.6%)	0

_____________________________________________________________________

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
3356 La Mesa Drive #5	3	$849,000
3299 La Mesa Drive #10	12	$649,000
3327 Brittan Avenue #7	3	$749,000
645 Prospect Street #201	10	$949,000

____________________________________________________________________

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
438 Portofino Drive #101	$1,299,000	3BR/2.5BA	2,113	Brendan Callahan, Alain Pinel Realtors
633 Elm Street #109	$975,000	2BR/2BA	1,147	Sean Clar, RE/MAX
757 Elm Street #11	$849,000	2BR/1.5BA	1,000	Patricia Peterson, Coldwell Banker
3370 Brittan Avenue #17	$749,000	2BR/2BA	1,040	Mr. Bredel, Dwell 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 sourc