The San Carlos Real Estate Week in Review: 3/26/2018.

For the first time in many weeks, San Carlos is starting off the week with a reasonably decent inventory level. At the time of this post, there are 17 single-family homes on the market it San Carlos, which is considerably higher than what we have been seeing lately.  Several of these homes have offer dates set for this week, so it will be interesting to see if this level can be maintained (or increased) with a continued push of new listings.  Seven new listings tested the market last week and only three homes were put into contract — hence, the reason for the blip upward in inventory.

Two of the homes that closed escrow last week exceeded their list price by over $500,000 — clearly this shows that buyers in this market are still willing to flex their financial muscle to get the house that they want in this market.

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 3/25/2018:

San Carlos SFR Data	3/25/18	Prior Week
Closed Sales for the Week:	4	3
Average Sales Price:	$2,552,500	$2,583,333
Median Sales Price:	$2,487,500	$2,700,000
Average % Sold vs List Price:	118%	106%
Average DOM of Closed Sales	5	13
Average $/Sq Foot (Sold)	$1,164	$1,031
No. of New Listings:	7	8
Total # of Active Listings:	17	13
Average Price of Active Listings:	$2,157,588	$2,064,615
Average DOM of Active Listings:	17	16
Average $/Sq Foot (List)	$994	$1,023
Total # of Homes Pending Sale:	25	24
Active-Pending Ratio:	0.68 : 1	0.54 : 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)
1001 Rosewood Avenue	$3,335,000	$2,785,000	+$550,000 (+19.7%)	2
1365 Elm Street	$2,825,000	$2,800,000	+$25,000 (+0.9%)	2
2320 Eaton Avenue	$2,150,000	$1,598,000	+$552,000 (+34.5%)	7
2708 Eaton Avenue	$1,900,000	$1,625,000	+$275,000 (+16.9%)	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
941 Holly Street	9	$1,175,000
269 Alberta Avenue	9	$2,295,000
230 Hillcrest Road	13	$2,098,000

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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
56 Coronado Avenue	$3,295,000	4BR/4BA	3,750/13,600	Anna Karpie, Keller Williams
20 Cambridge Street	$2,498,000	4BR/3BA	2,520/5,110	Robert Bredel, Dwell
790 Knoll Drive	$2,398,000	3BR/3BA	2,260/7,912	Robert Bredel, Dwell
3329 Melendy Drive	$1,998,000	4BR/2.5BA	2,820/6,720	Annie Chang, Sequoia Real Estate
1044 Sunset Drive	$1,895,000	3BR/2BA	1,544/7,500	Robert Pedro, Signature Realty
2709 Debbie Court	$1,795,000	3BR/2BA	1,980/5,928	Bert Keane, McGuire Real Estate
470 Emerald Avenue	$1,598,000	3BR/2BA	1,741/5,500	Michael Minson, Keller Williams

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