The San Carlos Real Estate Week in Review: 2/12/2018.

February 12, 2018

The inventory position improved slightly this past week in San Carlos, with seven new listings hitting the market. That pushed the number of single-family homes for sale in San Carlos up to ten — still not a great number, but a swing in the right direction for home buyers.

Much of the talk last week with prospective buyers was the combination of the spike in mortgage interest rates and the volatility of the stock market, which is a topic we discussed during the week on this site. Universally, buyers and sellers are watching to see if this may force the housing market to level off a bit.  It will be interesting to see what happens, if anything, this week to both of those critical metrics.

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 2/11/2018:

San Carlos SFR Data 2/11/18 Prior Week
Closed Sales for the Week: 3 1
Average Sales Price: $1,536,000 $2,600,000
Median Sales Price: $1,508,000 $2,600,000
Average % Sold vs List Price: 115% 125%
Average DOM of Closed Sales 19 7
Average $/Sq Foot (Sold) $1,285 $1,209
No. of New Listings: 7 4
Total # of Active Listings: 10 6
Average Price of Active Listings: $2,246,289 $2,407,658
Average DOM of Active Listings: 14 19
Average $/Sq Foot (List) $1,000 $884
Total # of Homes Pending Sale: 16 15
Active-Pending Ratio: 0.6 : 1 0.4 : 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.


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)
712 Tamarack Avenue $1,850,000 $1,899,000 -$49,000 (-2.6%) 43
1040 Cherry Street $1,508,000 $1,188,000 +$320,000 (+26.9%) 15
140 Winding Way $1,250,000 $1,048,000 +$202,000 (+19.3%) 1


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
165 Glasgow Lane 11 $2,849,950
984 McCue Avenue 12 $1,299,000
1968 San Carlos Avenue 10 $1,569,000


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) aListed By
270 Oakview Drive $3,150,000 4BR/3BA 3,090/6,950 Dana Cappiello, Sothebys
213 Wellington Drive $2,499,000 4BR/4BA 2,920/10,900 Caroline Dinsmore, Today Sothebys
3170 La Mesa Drive $2,295,000 3BR/2BA 2,300/6,500 Sam Anagnostou, Coldwell Banker
2708 Eaton Avenue $1,625,000 3BR/2BA 1,470/5,000 Naomi Gable, Alain Pinel Realtors
2304 Howard Avenue $1,428,000 3BR/1.5BA 1,270/5,808 Deborah Elowson, Coldwell Banker
918 McCue Avenue $1,349,000 2BR/2BA 1,318/5,300 Joyce & Tatum, Dwell Realtors
131 Rockridge Road $1,388,888 3BR/1.5BA 1,050/5,250 Greg Pierce, Berkshire Hathaway


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