The San Carlos Real Estate Week in Review: 2/19/2018.

Happy President's Day Weekend to everyone! The San Carlos real estate market seems to be pushing through the latest bumps in the road that came in the form of rising interest rates and stock market volatility over the past two weeks. The home at 2304 Howard Avenue was enticing enough to get 12 offers despite any economic uncertainties (according to the winning agent's FaceBook post).  Inventory continues to turn at the same rate as new homes are hitting the market, and there are some very strong prices that posted this past week for sold homes, as you can see in the statistics below.

You may have also noticed that the days of seeing an average price per square foot of under $1,000 are mostly behind us. Regardless of whether a home is old construction or new, $1,000/square foot has become the norm in San Carlos lately. Over the past two weeks, that number has pushed closer to $1,200.

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 2/18/2018:

San Carlos SFR Data	2/18/18	Prior Week
Closed Sales for the Week:	6	3
Average Sales Price:	$2,202,555	$1,536,000
Median Sales Price:	$2,037,500	$1,508,000
Average % Sold vs List Price:	116%	115%
Average DOM of Closed Sales	7	19
Average $/Sq Foot (Sold)	$1,193	$1,285
No. of New Listings:	2	7
Total # of Active Listings:	7	10
Average Price of Active Listings:	$2,302,571	$2,246,289
Average DOM of Active Listings:	22	14
Average $/Sq Foot (List)	$962	$1,000
Total # of Homes Pending Sale:	15	16
Active-Pending Ratio:	0.47 : 1	0.6 : 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)
125 Belvedere Avenue	$3,000,331	$2,895,000	+$105,331 (+3.6%)	4
165 Glasgow Lane	$2,900,000	$2,849,950	+$50,050 (+1.8%)	11
25 Sunnydale Avenue	$2,225,000	$1,999,998	+$225,002 (+11.3%)	18
190 Wilshire Court	$1,850,000	$1,549,000	+$301,000 (+19.4%)	0
1022 Alameda de las Pulgas	$1,630,000	$1,199,000	+$431,000 (+35.9%)	4
1052 Lupin Way	$1,610,000	$1,300,000	+$310,000 (+23.8%)	4

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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
35 Winding Way	10	$3,198,000
213 Wellington Drive	8	$2,499,000
2304 Howard Avenue	8	$1,428,000
131 Rockridge Road	7	$1,388,888
2708 Eaton Avenue	7	$1,625,000

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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
895 Knoll Drive	$2,495,000	3BR/2BA	2,160/13,984	Grant Keeler, Today Sothebys
935 Holly Street	$1,299,000	4BR/2BA	1,730/5,850	Stephen Hicks, Gateway Properties

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