The San Carlos Real Estate Week in Review: 7/31/2017.

The San Carlos real estate market returned back to a pace that is more typical of late July, with only one new listing taking its place on the street.  Home buyers remained active, though, as they took 6 homes into contract which drove the available inventory down to just 10 homes in the entire city as of this morning.  The average days on market (DOM) of these 10 homes remains at a surprisingly high 35 days — not something we're accustomed to seeing in this market.

Sale prices remained strong this week, with the average sale fetching a healthy 8% premium over the list price.

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 7/30/2017:

San Carlos SFR Data	7/30/17	Prior Week
Closed Sales for the Week:	5	6
Average Sales Price:	$1,940,000	$1,650,807
Median Sales Price:	$1,853,000	$1,599,920
Average % Sold vs List Price:	108%	115%
Average DOM of Closed Sales	12	9
Average $/Sq Foot (Sold)	$927	$1,201
No. of New Listings:	1	2
Total # of Active Listings:	10	14
Average Price of Active Listings:	$1,862,600	$1,962,629
Average DOM of Active Listings:	35	25
Average $/Sq Foot (List)	$1,029	$1,007
Total # of Homes Pending Sale:	12	10
Active-Pending Ratio:	0.83 : 1	1.4 : 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)
132 Bay View Drive	$2,500,000	$2,380,000	+$120,000 (+5.0%)	24
215 Club Drive	$2,250,000	$2,099,950	+$150,050 (+7.1%)	13
203 Clifton Avenue	$1,853,000	$1,699,000	+$154,000 (+9.1%)	9
96 Cedar Street	$1,662,000	$1,425,000	+$237,000 (+16.6%)	12
1368 Elm Street	$1,435,000	$1,398,000	+$37,000 (+2.6%)	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
2667 San Carlos Avenue	11	$1,295,000
12 Elston Court	11	$2,298,000
948 McCue Avenue	12	$1,295,000
19 Cranfield Avenue	30	$3,698,800
208 Oakview Drive	24	$1,350,000
2 Daffodil Lane	17	$1,399,999

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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
2024 Brittan Avenue	$1,695,000	3BR/2BA	1,597/5,000	John Shroyer, Today Sothebys

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