The San Carlos Real Estate Week in Review: 12/11/2017.

December 12, 2017

The pace of activity certainly dropped quite a bit in just one week, as we start to get into holiday mode. There were only 3 listings that hit the market last week, which brought the inventory back up to 10 homes for sale in all of San Carlos.  I would not expect to see a lot of new listings for the rest of the month, as we start to hit the quiet period in the holidays. The sales prices for homes that closed last week certainly took a hit when compared to normal weeks, but I wouldn't read too much into the fact that 3 of the 4 homes did not even achieve their respective list prices. This is more indicative of just these particular homes, and not an indicator that the market is softening. The interest level on my listing at 141 Palm Avenue certainly contradicts what you see below.

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 12/10/2017:

San Carlos SFR Data 12/10/17 Prior Week
Closed Sales for the Week: 4 5
Average Sales Price: $2,256,250 $2,030,200
Median Sales Price: $1,975,000 $1,850,000
Average % Sold vs List Price: 97% 114%
Average DOM of Closed Sales 39 25
Average $/Sq Foot (Sold) $910 $1,021
No. of New Listings: 3 10
Total # of Active Listings: 10 14
Average Price of Active Listings: $1,884,700 $1,932,714
Average DOM of Active Listings: 16 12
Average $/Sq Foot (List) $981 $997
Total # of Homes Pending Sale: 14 13
Active-Pending Ratio: 0.71 : 1 1.08 : 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.


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)
2604 Graceland Avenue $3,501,000 $3,750,000 -$249,000 (-4.3%) 69
2952 Sherwood Drive $2,200,000 $2,300,000 -$100,000 (-6.6%) 47
755 Orange Avenue $1,750,000 $1,749,888 +$112 (+0.0%) 23
2642 San Carlos Avenue $1,595,000 $1,575,000 -$20,000 (-1.3%) 18


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
924 Woodland Avenue 9 $1,488,000
8 Wildwood Avenue 7 $1,295,000
141 Palm Avenue 7 $1,988,000
927 Crestview Drive 7 $1,895,000
338 De Anza Avenue 11 $1,450,000


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
1419 Cordilleras Avenue $2,098,000 4BR/3BA 2,190/4,400 Bob Bredel, Dwell Realtors
2756 Debbie Court $1,950,000 3BR/2.5BA 2,670/10,200 Alexander Lehr, Lehr Real Estate
43 Stanford Lane $1,795,000 3BR/2BA 2,070/9,240 Gordy Burton, Coldwell Banker


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