The San Carlos Real Estate Week in Review: 5/15/2017.

Last week, we questioned what the appetite of the San Carlos real estate market would be like after absorbing a strong wave of new listings for the second time in just 3 weeks. Well, I think we got our answer —  of the 11 new listings that debuted on the market last week, only 4 of them went into contract. This is in somewhat stark contrast to just three weeks ago, when the majority of the 11 listings that hit the market were absorbed within the first 10 days. This indicates that either the buyers simply didn't connect with the homes that were on the market last week, or perhaps it's an indication that the spring market is starting its annual back-slide into June. This tends to happen every year as the first wave of college graduations hit, and it continues into the summer months as many buyers take a break from house hunting and take their annual vacations.

This week should give us a good indication about what is really happening with the real estate market in San Carlos. But whether it's temporary or more permanent, it was easy to sense that the temperature of the local market cooled off a bit — just like the weather did this past weekend.

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 5/14/2017:

San Carlos SFR Data	5/14/17	Prior Week
Closed Sales for the Week:	6	10
Average Sold Price:	$1,725,258	$2,269,800
Average % of List Price:	110%	106%
Average DOM of Closed Sales	7	20
Average $/Sq Foot (Sold)	$1,006	$927
No. of New Listings:	4	11
Total # of Active Listings:	15	16
Average Price of Active Listings:	$1,873,633	$1,916,216
Average DOM of Active Listings:	12	9
Average $/Sq Foot (List)	$889	$925
Total # of Homes Pending Sale:	24	24
Active-Pending Ratio:	0.54 : 1	0.67 : 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)
3189 La Mesa Drive	$2,260,000	$1,995,000	+$265,000 (+13.3%)	6
1310 Saint Francis Way	$1,985,000	$1,698,000	+$287,000 (+16.9%)	11
808 Sunset Drive	$1,650,000	$1,479,000	+$171,000 (+11.6%)	6
1251 Brittan Avenue	$1,550,000	$1,550,000	$0 (0%)	0
2325 Brittan Avenue	$1,456,000	$1,448,000	+$8,000 (+0.6%)	7
1374 Chestnut Street	$1,450,550	$1,228,000	+$222,550 (+18.1%)	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
361 Chesham Avenue	52	$2,499,950
173 Vine Street	9	$1,295,000
1100 Cordilleras Avenue	8	$1,798,000
936 Sunset Drive	11	$1,398,000
209 Aberdeen Drive	7	$2,050,000

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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
1648 Walnut Street	$2,328,000	3BR/2.5BA	2,470/6,000	Shirley Kraus, Intero
851 Orange Avenue	$1,998,000	4BR/3BA	2,885/5,650	Bob Bredel, Dwell Realtors
999 Orange Avenue	$1,795,000	3BR/2BA	1,780/5,500	Jennifer Vitro, Alain Pinel Realtors
327 Chesham Avenue	$1,045,000	2BR/2BA	823/6,612	Kristina Patrick, Dwell Realtors

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