The San Carlos Real Estate Week in Review: 5/22/2017.

One number that really sticks out in this week's statistics is the price-per-square-foot for single-family residences that sold in San Carlos. For the second straight week, the average topped $1,000/square foot, which is a remarkable feat when you consider that these are not all tiny houses that are selling. One would expect to eclipse the $1,000/square foot mark on smaller homes, because even the dirt value of the lot at that point supersedes the value of the home that resides on it.  But when we start to see homes larger than 2,500 square feet fetching this figure, it's clear that this once unreachable milestone in home pricing is starting to become commonplace across all home sizes in San Carlos. This is clear when you consider just how many homes are selling for over $2,000,000 in San Carlos right now.

New listing activity as brisk last week, with 8 new listings jumping into the fray and hoping to be in contract before the upcoming Memorial Day Weekend. This surge pushed the inventory of single-family homes in San Carlos up to 18 — certainly not a huge number, but the high-teens seem to be the high-water mark lately for listings in San Carlos simply because the rate of consumption continues to mirror the rate of new listings.

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 5/21/2017:

San Carlos SFR Data	5/21/17	Prior Week
Closed Sales for the Week:	5	6
Average Sold Price:	$1,867,000	$1,725,258
Average % of List Price:	111%	110%
Average DOM of Closed Sales	9	7
Average $/Sq Foot (Sold)	$1,068	$1,006
No. of New Listings:	8	4
Total # of Active Listings:	18	15
Average Price of Active Listings:	$1,830,028	$1,873,633
Average DOM of Active Listings:	10	12
Average $/Sq Foot (List)	$882	$889
Total # of Homes Pending Sale:	25	24
Active-Pending Ratio:	0.72 : 1	0.54 : 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)
147 Leslie Drive	$2,700,000	$2,195,000	+$505,000 (+23.0%)	3
201 Exeter Avenue	$2,005,000	$1,725,000	+$280,000 (+16.2%)	7
1951 Birch Avenue	$1,630,000	$1,600,000	+$30,000 (+1.9%)	0
8 Gaylord Court	$1,505,000	$1,288,000	+$217,000 (+16.8%)	10
2417 Graceland Avenue	$1,495,000	$1,549,000	-$54,000 (-3.5%)	25

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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
120 Leslie Drive	10	$1,550,000
19 Anchor Lane	33	$2,995,000
33 Cobblestone Lane	12	$1,795,000
999 Orange Avenue	7	$1,795,000
327 Chesham Avenue	7	$1,045,000
555 Exeter Way	15	$1,880,000

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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
2115 White Oak Way	$2,848,000	4BR/3.5BA	2,856/5,252	The Harber Group, Alain Pinel Realtors
2616 Graceland Avenue	$2,498,000	3BR/4BA	2,540/14,800	Alan Canas, Today Sothebys
10 El Sereno Drive	$2,395,000	5BR/3BA	2,640/6,720	Thomas Huff, Coldwell Banker
16 Madrona Street	$2,299,000	3BR/3BA	2,224/8,647	Vincent Armando, Armando Investment
2 Estates Court	$1,045,000	4BR/2BA	2,210/10,148	Bob Bredel, Dwell Realtors
907 Sunset Drive	$1,468,000	4BR/3BA	1,770/7,000	Laura Bertolacci, Dwell Realtors
222 Sycamore Street	$1,233,000	2BR/2BA	1,150/7,000	Justine Ford
928 Holly Street	$899,000	2BR/2BA	1,520/5,900	Ken Kwok, Max

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