The San Carlos Real Estate Week in Review: 2/5/2018.

If it seemed like there was virtually nothing to choose from in the San Carlos real estate market in January, it's not just your imagination.  There were only 16 new single-family listings in the entire month of January, and while this was on par with January of 2017, it's about 25% less than what we would historically see in the first month of the year.

So as we head into February, there are only 6 single-family homes and 2 condos for sale in the entire city — and far more buyers than there are places to put them. When you see some of the closing prices in the coming weeks (like the one below), you'll see the direct impact that this situation is having on home prices in San Carlos. We'll discuss the situation in a bit more detail on another post later this week, but it's pretty tough going right now for buyers who are trying to make San Carlos their next home.

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 2/4/2018:

San Carlos SFR Data	2/4/18	Prior Week
Closed Sales for the Week:	1	1
Average Sales Price:	$2,600,000	$1,775,000
Median Sales Price:	$2,600,000	$1,775,000
Average % Sold vs List Price:	125%	96%
Average DOM of Closed Sales	7	60
Average $/Sq Foot (Sold)	$986	$986
No. of New Listings:	4	6
Total # of Active Listings:	6	7
Average Price of Active Listings:	$2,407,658	$2,393,850
Average DOM of Active Listings:	19	15
Average $/Sq Foot (List)	$884	$967
Total # of Homes Pending Sale:	15	10
Active-Pending Ratio:	0.4 : 1	0.7 : 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)
1627 Chestnut Street	$2,600,000	$2,088,000	+$512,000 (+24.5%)	7

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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
10 Gateway Court	3	$2,450,000
190 Wilshire Court	0	$1,549,000
125 Belvedere Avenue	4	$2,895,000
1040 McCue Avenue	7	$988,000
1008 Sylvan Drive	1	$1,149,000
1985 Carmelita Drive	12	$3,495,000

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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)	aListed By
35 Winding Way	$3,198,000	4BR/3BA	2,750/18,200	Bob Bredel, Dwell Realtors
50 Gateway Court	$2,750,000	4BR/3.5BA	3,204/5,197	Samuel Pilli, Engel & Voelkers
1968 San Carlos Avenue	$1,569,000	3BR/2BA	1,830/6,050	John Shroyer, Today Sothebys
1008 Sylvan Drive	$1,149,000	3BR/1BA	1,120/5,000	Michael Bruno, Cal-West Realty

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