The San Carlos Real Estate Week in Review: 9/25/2017.
September 25, 2017

The pipeline of single-family home listings continued to gush almost unabated again last week in San Carlos. Another 12 listings were put into the fray, which brought the total for September 2017 up to 42. This is the largest number of listings for any September since 2008, and there's still a full week left in the month!
Last week we questioned how the buying population would react to the sudden influx of new listings. When this very same thing happened in March of 2016, it noticeably cooled the market down for the better of that year. But so far in September, this has not been the case. There were actually more homes to go pending last week (13) than there were new listings (12), and many of these deals reported strong multiple offers. So there's still a lot of money flying around in this market.
But that does not mean that everything that's listed is going to sell. Despite the strong sales this past week, our inventory is still sitting at 26 homes, which is considerably higher than recent levels. When the inventory of homes spikes like this, it's the “fringe” homes that tend to suffer the most. Those are the homes that are in less desirable condition, location, or price range than the core of the market. Buyers are less likely to settle for less when they believe that more desirable inventory may be coming on line. So the normal rules that apply to making your house as attractive as possible to buyers are more important than ever now.
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 9/24/2017:
San Carlos SFR Data | 9/24/17 | Prior Week |
---|---|---|
Closed Sales for the Week: | 3 | 5 |
Average Sales Price: | $1,753,333 | $1,734,100 |
Median Sales Price: | $1,700,000 | $1,700,000 |
Average % Sold vs List Price: | 117% | 101% |
Average DOM of Closed Sales | 15 | 39 |
Average $/Sq Foot (Sold) | $1,119 | $1,028 |
No. of New Listings: | 12 | 17 |
Total # of Active Listings: | 26 | 22 |
Average Price of Active Listings: | $1,761,496 | $1,837,357 |
Average DOM of Active Listings: | 10 | 22 |
Average $/Sq Foot (List) | $930 | $993 |
Total # of Homes Pending Sale: | 30 | 21 |
Active-Pending Ratio: | 0.87 : 1 | 1 : 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) |
---|---|---|---|---|
217 Clifton Avenue | $1,950,000 | $1,895,000 | +$55,000 (+2.9%) | 31 |
40 Amber Court | $1,800,000 | $1,750,000 | +$50,000 (+2.9%) | 6 |
2443 San Carlos Avenue | $1,510,000 | $1,049,000 | +$461,000 (+43.9%) | 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 |
---|---|---|
858 Orange Avenue | 13 | $1,450,000 |
1412 Howard Avenue | 9 | $1,589,000 |
3230 Melendy Drive | 9 | $1,749,000 |
270 Dartmouth Avenue | 9 | $1,698,000 |
870 Sunset Drive | 0 | $1,699,000 |
2139 Greenwood Avenue | 14 | $2,998,000 |
3210 Brittan Avenue | 10 | $1,499,950 |
146 Rockridge Road | 7 | $1,295,000 |
2333 Howard Avenue | 8 | $1,475,000 |
119 Oakview Drive | 8 | $1,475,000 |
16 Madrona Street | 9 | $1,599,950 |
135 Lynton Avenue | 102 | $2,595,000 |
942 Montgomery Street | 4 | $899,000 |
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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 |
---|---|---|---|---|
813 Rutherdale Avenue | $2,300,000 | 4BR/3BA | 2,660/8,820 | Donna Colangelo, Intero |
860 Crestview Drive | $1,895,000 | 4BR/3BA | 2,000/12,371 | David Young, Coldwell Banker |
1382 Geneva Avenue | $1,798,000 | 3BR/2BA | 1,810/5,920 | John Shroyer, Today Sothebys |
1180 Elm Street | $1,698,000 | 3BR/2BA | 1,650/4,800 | Brian Ayer, Golden Gate Sothebys |
108 Windsor Drive | $1,669,000 | 3BR/3BA | 1,890/6,005 | Vic Aenlle, Coldwell Banker |
1091 Porto Marino Drive | $1,598,000 | 4BR/3BA | 2,350/12,600 | Doug Gonzalez, Coldwell Banker |
668 Dartmouth Avenue | $1,588,000 | 3BR/2BA | 2,020/6,132 | Sharon Kariya, Coldwell Banker |
101 Belvedere Avenue | $1,535,000 | 3BR/1.5BA | 1,670/6,600 | Laura Bertolacci, Dwell Realtors |
1817 Brittan Avenue | $1,498,000 | 3BR/2BA | 1,700/6,000 | Alan Wang, Keller Williams |
2273 Howard Avenue | $1,395,000 | 3BR/2BA | 1,380/4,920 | Susan Woods, Coldwell Banker |
942 Montgomery Street | $899,000 | 2BR/1BA | 910/5,000 | Anthony Ciardella, Beale Properties |
1018 Montgomery Street | $895,000 | 2BR/1BA | 830/2,500 | Scott Brady, MultiSource |
(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) |
---|---|---|---|---|
655 Prospect Street | $1,100,000 | $998,000 | +$112,000 (+11.2%) | 7 |
3352 La Mesa Drive #7 | $875,000 | $875,000 | $0(0%) | 0 |
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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 |
---|---|---|
3347 Brittan Avenue #1 | 13 | $879,000 |
101 Elm Street #202 | 12 | $899,000 |
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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 |
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— | $– | — | — | — |
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.
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