The San Carlos Real Estate Week in Review: 3/12/2018.

This past week yielded the first $4,000,000 home sale in the flats of San Carlos (White Oaks, Oak Park, Howard Park) with the sale of 1985 Carmelita Drive at $4,300,000. Given the current market conditions and considering all of the new construction and remodeling that's taking place in San Carlos, you can expect to see this milestone reached with increasing frequency in the coming year.

The San Carlos market seems to be the hottest in $1.8M-$2.3M range, where most of the aggressive overbidding has been taking place over the past few weeks.  A few of those sales have already posted, and more will be closing in the coming weeks.

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 3/11/2018:

San Carlos SFR Data	3/11/18	Prior Week
Closed Sales for the Week:	5	6
Average Sales Price:	$2,791,600	$1,656,667
Median Sales Price:	$2,450,000	$1,530,000
Average % Sold vs List Price:	109%	123%
Average DOM of Closed Sales	7	5
Average $/Sq Foot (Sold)	$1,077	$1,133
No. of New Listings:	6	8
Total # of Active Listings:	10	9
Average Price of Active Listings:	$1,903,164	$1,951,333
Average DOM of Active Listings:	17	21
Average $/Sq Foot (List)	$976	$1,030
Total # of Homes Pending Sale:	21	21
Active-Pending Ratio:	0.52 : 1	0.43 : 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)
1985 Carmelita Drive	$4,300,000	$3,495,000	+$805,000 (+23.0%)	12
35 Winding Way	$3,185,000	$3,198,000	-$13,000 (-0.4%)	10
10 Gateway Court	$2,450,000	$2,450,000	$0 (0%)	3
419 Emerald Avenue	$2,350,000	$2,350,000	$0 (0%)	1
131 Rockridge Road	$1,673,000	$1,388,888	+$284,112 (+20.5%)	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
2753 Bromley Drive	11	$1,799,999
212 Devonshire Boulevard	4	$1,995,000
239 Ruby Avenue	8	$1,825,000
1282 Crestview Drive	7	$1,989,000

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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
230 Hillcrest Road	$2,098,000	4BR/3BA	2,698/7,520	Richard Ruch, Alain Pinel Realtors
313 Clifton Avenue	$2,039,800	5BR/3.5BA	3,330/7,746	Vicky Yu, Intero
229 Bay View Drive	$1,998,000	4BR/3BA	2,178/10,146	Sarah Ravella, Today Sothebys
273 Alberta Avenue	$1,849,000	4BR/2BA	1,820/4,640	Joyce & Tatum, Dwell Realtors
30 Miramonte Court	$1,599,000	3BR/2BA	1,380/5,700	Jim Minkey, Today Sothebys
2443 San Carlos Avenue	$1,398,000	2BR/2BA	1,217/7,000	Raziel Ungar, Pacific Union

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

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