The San Carlos Real Estate Week in Review: 1/29/2018.

There were some very nice listings to hit the market this past week in San Carlos.  Four of the six homes to debut on the market were listed above $2,000,000 with two of them being brand-new construction. This is noteworthy because as the buying power of prospective homeowners continues to increase as the economy strengthens, buyers are willing to pay a premium for brand new construction and homes that are fully updated. While some buyers are willing to take on some level of rehab, many can now afford a fully turn-key property.

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 1/28/2018:

San Carlos SFR Data	1/28/18	Prior Week
Closed Sales for the Week:	1	2
Average Sales Price:	$1,775,000	$1,902,500
Median Sales Price:	$1,775,000	$1,902,500
Average % Sold vs List Price:	96%	113%
Average DOM of Closed Sales	60	11
Average $/Sq Foot (Sold)	$986	$1,215
No. of New Listings:	6	4
Total # of Active Listings:	7	7
Average Price of Active Listings:	$2,393,850	$1,907,714
Average DOM of Active Listings:	15	14
Average $/Sq Foot (List)	$967	$927
Total # of Homes Pending Sale:	10	5
Active-Pending Ratio:	0.7 : 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)
2549 San Carlos Avenue	$1,775,000	$1,849,000	-$74,000 (-4.0%)	60

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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
30 Gateway Court	9	$2,400,000
1022 Alameda	4	$1,199,000
1534 White Oak Way	7	$1,980,000
25 Sunnydale Avenue	18	$1,998,998
1052 Lupin Way	7	$1,300,000

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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
1985 Carmelita Drive	$3,495,000	6BR/4.5BA	3,942/9,757	Linda Espinoza, Landmark Properties
125 Belvedere Avenue	$2,895,000	4BR/3BA	2,323/4,600	Bob Bredel, Dwell Realtors
165 Glasgow Lane	$2,849,950	4BR/3.5BA	2,800/7,823	John Shroyer, Today Sothebys
10 Gateway Court	$2,450,000	4BR/3.5BA	2,845/5,437	Samuel Pilli, Engel & Voelkers
984 McCue Avenue	$1,299,000	3BR/2BA	1,490/5,150	Vandervort Group
1040 McCue Avenue	$988,000	2BR/1BA	1,030/5,450	Bruno Baldini, Century 21

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