The San Carlos Real Estate Week in Review: 12/18/2017.

December 19, 2017

The weather outside certainly does not feel like we are in the latter half of December, and the real estate market in San Carlos certainly doesn't seem to be acknowledging the calendar either. Five more homes went into contract last week, and there are still new listings hitting the market as we draw to within one week of Christmas. The uncertainty swirling around the proposed changes in the tax law in combination with continued demand for housing in the area has kept the market running at a unusually busy pace compared to what we normally see in December.

Aside from a couple of days off around Christmas and New Year's, you should expect that the market will continue humming right into 2018.  Inventory remains very tight, with only 6 listings on the market in all of San Carlos as of today.

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 12/17/2017:

San Carlos SFR Data 12/17/17 Prior Week
Closed Sales for the Week: 3 4
Average Sales Price: $1,794,000 $2,256,250
Median Sales Price: $1,810,000 $1,975,000
Average % Sold vs List Price: 119% 97%
Average DOM of Closed Sales 12 39
Average $/Sq Foot (Sold) $907 $910
No. of New Listings: 1 3
Total # of Active Listings: 6 10
Average Price of Active Listings: $2,012,571 $1,884,700
Average DOM of Active Listings: 17 16
Average $/Sq Foot (List) $963 $981
Total # of Homes Pending Sale: 16 14
Active-Pending Ratio: 0.44 : 1 0.71 : 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)
2717 San Miguel Way $2,020,000 $1,795,000 +$225,000 (+12.5%) 10
8 Wildwood Avenue $1,810,000 $1,295,000 +$515,000 (+39.8%) 7
109 Brook Street $1,552,000 $1,495,000 +$57,000 (+3.8%) 20


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
2267 Howard Avenue 9 $1,398,000
43 Stanford Lane 7 $1,295,000
1419 Cordilleras Avenue 7 $2,098,000
2400 San Carlos Avenue 14 $1,499,000
2549 San Carlos Avenue 60 $1,799,000


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
429 Emerald Avenue $1,880,000 3BR/2BA 1,740/5,500 David Young, Coldwell Banker


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