The San Carlos Real Estate Week in Review: 5/8/2017.

May 8, 2017

The San Carlos real estate market absorbed another strong shot of listings this past week.  Just like two weeks ago, 11 new listings jumped into the fray which helped boost the inventory up to the high teens again. This gave buyers quite a bit more to look at over the weekend, and the open house attendances reflected the extra miles that home buyers had to cover to see everything. This week will tell us quite a bit about the appetite of the buyers — if the market quickly absorbs this new injection of inventory, it will be “business as usual” in the San Carlos real estate market. We are just a few weeks away from when buyers start to get distracted with other time commitments such as weddings, graduations, and vacations.

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 5/7/2017:

San Carlos SFR Data 5/7/17 Prior Week
Closed Sales for the Week: 10 11
Average Sold Price: $2,269,800 $1,601,364
Average % of List Price: 106% 109%
Average DOM of Closed Sales 20 10
Average $/Sq Foot (Sold) $927 $963
No. of New Listings: 11 6
Total # of Active Listings: 16 11
Average Price of Active Listings: $1,916,216 $2,007,790
Average DOM of Active Listings: 9 11
Average $/Sq Foot (List) $925 $988
Total # of Homes Pending Sale: 24 28
Active-Pending Ratio: 0.67 : 1 0.39 : 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)
222 Oakley Avenue $4,175,000 $4,350,000 -$175,000 (-4.0%) 46
236 Alberta Avenue $3,410,000 $2,848,000 +$562,000 (+19.7%) 11
410 Hill Way $2,705,000 $2,598,000 +$107,000 (+4.1%) 9
1521 Cedar Street $2,100,000 $2,259,000 -$159,000 (-7.0%) 39
2720 Debbie Court $2,000,000 $1,788,000 +$212,000 (+11.9%) 4
55 Roslyn Avenue $1,888,000 $1,988,000 -$100,000 (-5.0%) 52
213 Park Avenue $1,735,000 $1,700,000 +$35,000 (+2.1%) 0
1136 Walnut Street $1,685,000 $1,528,000 +$157,000 (+10.3%) 14
1090 Cedar Street $1,525,000 $1,449,950 +$75,050 (+5.2%) 13
2212 San Carlos Avenue $1,475,000 $1,198,000 +$277,000 (+23.1%) 9

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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
965 Chestnut Street 11 $1,894,888
926 Laurel Street 0 $1,198,000
2415 Eaton Avenue 7 $1,850,000
2441 San Carlos Avenue 9 $1,485,850
7 Phillip Lane 9 $1,599,000

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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
209 Aberdeen Drive $2,050,000 4BR/3BA 2,430/7,301 David Young, Coldwell Banker
555 Exeter Way $1,880,000 4BR/3BA 2,970/7,300 Debbie Wilhelm, Coldwell Banker
1747 Greenwood Avenue $1,899,000 2BR/2BA 1,450/7,980 Vandervort Group, Reside Network
1100 Cordilleras Avenue $1,798,000 3BR/2BA 1,763/6,150 Bob Bredel, Dwell Realtors
33 Cobblestone Lane $1,795,000 4BR/2.5BA 3,020/17,642 Lorelei Komm, Keller Williams
2620 Debbie Place $1,788,000 3BR/2BA 1,950/9,000 Chuck Gillooley, Dwell Realtors
130 Barford Avenue $1,699,000 4BR/2.5BA 2,100/6,400 Amber Hansen-Harris, Keller Williams
120 Leslie Drive $1,550,000 3BR/2.5BA 1,600/9,800 Melanie Smith, Coldwell Banker
936 Sunset Drive $1,398,000 4BR/4BA 2,070/5,610 Alex Lehr, Lehr Real Estate
173 Vine Street $1,295,000 3BR/1BA 1,240/8,100 F. Darrenougue, Forest Realty
2120 Saint Francis Way $1,148,500 3BR/2BA 1,893/6,050 Roger Dewes, Coldwell Banker

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