The San Carlos Real Estate Week in Review: 1/8/2018.

This is the first update in what promises to be a very eventful 2018 in the world of San Carlos real estate. Much of the talk so far in the new year revolves around how much, if at all, the new tax plan will impact the real estate market all along the Peninsula. I have read some fairly in-depth analyses of tax plan that take into account ALL of the new changes, not only just those that directly impact real estate holdings. What is apparent from these case studies is that much of the loss in tax deductions on real estate holdings is made up for in a lowering of the overall tax rate.  So for many current homeowners and prospective buyers, the difference in overall taxes paid may only be minimal.

And from the perspective of home buyers, even though the tax benefit of home ownership has been diminished somewhat, it still beats renting…beyond the shadow of a doubt.

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 1/7/2018:

San Carlos SFR Data	1/7/18	Prior Week
Closed Sales for the Week:	4	4
Average Sales Price:	$2,107,125	$2,065,000
Median Sales Price:	$1,807,500	$2,020,000
Average % Sold vs List Price:	110%	107%
Average DOM of Closed Sales	10	12
Average $/Sq Foot (Sold)	$1,029	$983
No. of New Listings:	1	0
Total # of Active Listings:	4	3
Average Price of Active Listings:	$1,891,500	$2,243,000
Average DOM of Active Listings:	33	36
Average $/Sq Foot (List)	$950	$971
Total # of Homes Pending Sale:	9	14
Active-Pending Ratio:	0.44 : 1	0.21 : 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)
345 Oakview Drive	$3,150,000	$2,988,000	+$152,000 (+5.1%)	5
2756 Debbie Court	$1,865,000	$1,950,000	-$85,000 (-4.4%)	13
2267 Howard Avenue	$1,750,000	$1,398,000	+$352,000 (+25.2%)	9
338 De Anza Avenue	$1,663,500	$1,450,000	+$213,500 (+14.7%)	11

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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
1040 Cherry Street	$1,188,000	3BR/2BA	1,130/5,000	Maruja Francisco, Realty One Group

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