The San Carlos Real Estate Week in Review: 4/3/2017.
April 4, 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.
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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) |
|---|---|---|---|---|
| 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 |
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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 |
|---|---|---|
| 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 |
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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 |
|---|---|---|---|---|
| 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 |
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