The San Carlos Real Estate Week in Review: 7/17/2017.

In a somewhat surprising reversal of the trend of recent weeks, we saw a rather strong listing performance last week in San Carlos.  Seven new listings jumped onto the market to boost the inventory up to 15 homes for sale. This is atypical of mid-July in San Carlos, when we normally expect it to be slow.

It was also the first week in a long time where not a single home went into contract. As we discussed last week, the current inventory that was on the market had an average DOM of 23 days, which means the buying public had ample time to see what was available, and voted with their feet. The seven new listings should succeed in getting buyers back out — the open houses this weekend were absolutely packed, even despite the 100 degree heat.

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 7/16/2017:

San Carlos SFR Data	7/16/17	Prior Week
Closed Sales for the Week:	8	5
Average Sales Price:	$2,131,875	$2,100,400
Median Sales Price:	$1,800,000	$2,175,000
Average % Sold vs List Price:	109%	96%
Average DOM of Closed Sales	10	24
Average $/Sq Foot (Sold)	$974	$1,198
No. of New Listings:	7	2
Total # of Active Listings:	15	9
Average Price of Active Listings:	$1,954,520	$2,312,533
Average DOM of Active Listings:	18	23
Average $/Sq Foot (List)	$993	$1,096
Total # of Homes Pending Sale:	14	21
Active-Pending Ratio:	1.07 : 1	0.43 : 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)
1420 Orange Avenue	$3,750,000	$3,750,000	$0 (0%)	12
57 Hilltop Drive	$2,720,000	$2,749,000	-$29,000 (-1.1%)	23
128 Loma Road	$2,125,000	$1,875,000	+$250,000 (+13.3%)	5
1937 Saint Francis Way	$1,825,000	$1,595,000	+$230,000 (+14.4%)	14
34 Cedar Street	$1,775,000	$1,549,000	+$226,000 (+14.6%)	8
2233 Howard Avenue	$1,710,000	$1,499,000	+$211,000 (+14.1%)	9
17 Belvedere Avenue	$1,650,000	$1,495,000	+$155,000 (+10.4%)	8
546 Alameda	$1,500,000	$1,395,000	+$105,000 (+7.5%)	0

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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
—	—	$–

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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
12 Elston Court	$2,298,000	4BR/3BA	2,520/7,524	Bryce Cook, Dwell Realtors
61 Devonshire Circle	$1,998,000	3BR/3BA	1,740/9,730	Carlos Padilla, Intero
12 Chestnut Street	$1,950,000	5BR/4BA	2,760/6,050	Flannan Lum, Vanguard Properties
1451 Magnolia Avenue	$1,637,000	4BR/3BA	1,930/5,550	Laura Bertolacci, Dwell Realtors
553 Dartmouth Avenue	$1,400,000	3BR/2BA	1,960/7,600	Linda Crose-Andersen, Coldwell Banker
2667 San Carlos Avenue	$1,295,000	3BR/2BA	1,300/6,636	Olivia & Mary, Coldwell Banker
948 McCue Avenue	$1,295,000	3BR/2BA	1,720/5,150	Dennis Pantano, Pantano Properties

 

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

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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)
—	$–	$–	$– (–%)	—

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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
1700 San Carlos Avenue #204	11	$719,000
3316 Brittan Avenue #11	9	$799,000

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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
1001 Laurel Street #111	$1,168,000	3BR/3BA	1,494	Deborah Elowson, Coldwell Banker
1001 Laurel Street #220	$988,000	2BR/2BA	1,094	Tim Kerns, Coldwell Banker
3348 La Mesa Drive #1	$879,000	3BR/2BA	1,239	Sean Clar, RE/MAX
633 Elm Street #115	$779,000	1BR/1BA	774	Michelle Glaubert, Coldwell Banker

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 no way responsible for the accuracy of the data from this source.