The San Carlos Real Estate Week in Review: 3/19/2018.

The $2,000,000 threshold has become almost commonplace in the landscape of San Carlos residential real estate. All three homes that closed escrow this week easily surpassed that number, and 5 of the 8 new listings that entered the market last week started above the $2,000,000 mark.  It was only a few months ago that it was considered risky to list a home above $2M, even though it was very likely that it would ultimately sell for more than that.  But the market has absorbed so many sales north of this threshold that buyers are much more accustomed to seeing list prices with a “2” as the starting number.

Look for increased listing activity over the next couple of weeks as sellers try to get their homes on the market prior to the Easter weekend.  If this historical trend repeats itself this year, it will bode well for San Carlos home buyers who hope to see inventory push higher than the single-digit and low teens that we've had since the beginning of the year.

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 3/18/2018:

San Carlos SFR Data	3/18/18	Prior Week
Closed Sales for the Week:	3	5
Average Sales Price:	$2,583,333	$2,791,600
Median Sales Price:	$2,700,000	$2,450,000
Average % Sold vs List Price:	106%	109%
Average DOM of Closed Sales	13	7
Average $/Sq Foot (Sold)	$1,031	$1,077
No. of New Listings:	8	6
Total # of Active Listings:	13	10
Average Price of Active Listings:	$2,064,615	$1,903,164
Average DOM of Active Listings:	16	17
Average $/Sq Foot (List)	$1,023	$976
Total # of Homes Pending Sale:	24	21
Active-Pending Ratio:	0.54 : 1	0.52 : 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)
270 Oakview Drive	$3,000,000	$3,150,000	-$150,000 (-4.8%)	19
213 Wellington Drive	$2,700,000	$2,499,000	+$201,000 (+8.0%)	8
2753 Bromley Drive	$2,050,000	$1,799,999	+$250,001 (+23.9%)	11

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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
1147 Alameda	9	$1,099,000
30 Miramonte Court	4	$1,599,000
229 Bay View Drive	9	$1,998,000
1176 Walnut Street	13	$1,549,000
313 Clifton Avenue	6	$2,039,800

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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
121 Northam Avenue	$2,600,000	5BR/3.5BA	3,420/6,750	Teri Shaughnessy, Dwell Realtors
2932 Sherwood Drive	$2,298,000	4BR/2.5BA	2,300/8,418	DeLeon Team
269 Alberta Avenue	$2,295,000	4BR/2.5BA	2,218/4,480	Regan Byers, Coldwell Banker
1979 Eaton Avenue	$2,250,000	3BR/2BA	1,370/7,500	Ronda O'Leary, Alain Pinel Realtors
253 Devonshire Boulevard	$2,218,000	4BR/3.5BA	2,100/8,800	Karen Hoffman, Today Sothebys
852 Cedar Street	$1,895,000	3BR/2.5BA	1,890/5,500	Terri Kerwin, Kerwin & Associates
1962 Brittan Avenue	$1,358,000	2BR/2.5BA	1,570/5,000	Nancy Field, Coldwell Banker
941 Holly Street	$1,175,000	2BR/1BA	960/5,850	Heather Crane, Intero

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

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