The San Carlos Real Estate Week in Review: 4/2/2018.

April 2, 2018

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Happy Easter!  The first quarter of 2018 is officially in the books, and it would be an understatement to say that it was a wild three months in our local real estate market. No matter what was thrown at it, the housing market simply shrugged it off and kept pushing upward.

This past week is a perfect example of what we have seen all quarter — very strong sales prices that are multiple hundreds of thousands of dollars over the list prices. 213 Hillcrest Road fetched an eye-popping $605,000 premium, and there were several others that had upsides of over $300,000.  Homes that closed escrow last week fetched an average of 17% over their respective list prices. So if there's supposedly any indication that our market is slowing down, I'm just not seeing it.

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 4/1/2018:

San Carlos SFR Data 4/1/18 Prior Week
Closed Sales for the Week: 11 4
Average Sales Price: $1,817,091 $2,552,500
Median Sales Price: $1,800,000 $2,487,500
Average % Sold vs List Price: 117% 118%
Average DOM of Closed Sales 8 5
Average $/Sq Foot (Sold) $1,143 $1,164
No. of New Listings: 3 7
Total # of Active Listings: 12 17
Average Price of Active Listings: $2,261,000 $2,157,588
Average DOM of Active Listings: 23 17
Average $/Sq Foot (List) $939 $994
Total # of Homes Pending Sale: 21 25
Active-Pending Ratio: 0.57 : 1 0.68 : 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 Open House List

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San Carlos Single-Family Residences Sold:

212 Devonshire Boulevard

212 Devonshire Boulevard

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)
212 Devonshire Boulevard $2,340,000 $1,995,000 +$345,000 (+17.3%) 4
213 Hillcrest Road $2,200,000 $1,595,000 +$605,000 (+37.9%) 8
3170 La Mesa Drive $2,150,000 $2,295,000 -$145,000 (-6.3%) 12
130 Barford Avenue $2,150,000 $1,898,000 +$252,000 (+13.3%) 7
2430 Eaton Avenue $1,900,000 $1,698,000 +$202,000 (+11.9%) 8
2010 Belmont Avenue $1,800,000 $1,388,000 +$412,000 (+29.7%) 7
75 Club Drive $1,600,000 $1,475,000 +$125,000 (+8.5%) 2
935 Holly Street $1,550,000 $1,299,000 +$251,000 (+19.3%) 8
918 McCue Avenue $1,535,000 $1,349,000 +$186,000 (+13.8%) 14
990 Riverton Drive $1,438,000 $1,180,000 +$258,000 (+21.9%) 4
1147 Alameda $1,325,000 $1,099,000 +$226,000 (+20.6%) 9

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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
1044 Sunset Drive 4 $1,825,000
121 Northam Avenue 11 $2,600,000
790 Knoll Drive 4 $2,398,000
2443 San Carlos Avenue 19 $1,398,000
1962 Brittan Avenue 12 $1,358,000
852 Cedar Street 10 $1,895,000
253 Devonshire Boulevard 13 $2,218,000

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New Single-Family Home Listings in San Carlos:

3236 La Mesa Drive

3236 La Mesa Drive

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
3236 La Mesa Drive $2,888,000 5BR/3.5BA 3,175/10,080 Vandervort Group
108 Edgehill Drive $1,899,000 3BR/1.5BA 1,501/10,035 Sean Clar, RE/MAX
66 Bayport Court $1,795,000 4BR/3BA 1,830/5,400 Tony Gabb, RE/MAX

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

Homes for Sale in San Carlos

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Condos and Townhomes Sold in San Carlos

Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.

Address Sold Price Orig. List Difference DOM (days)
1001 Laurel Street #306 $1,100,000 $998,000 +$102,000 (+10.2%) 2
1001 Laurel Street #304 $825,000 $698,000 +$127,000 (+18.2%) 14
222 Laurel Street #310 $700,000 $649,000 +$51,000 (+7.9%) 10

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Condo/Townhouse Pending Sale this Week.

The following condos/townhouses went into contract this week. Click on the address of each home to see more details and photos.

Address DOM (days) List Price
3330 Brittan Avenue #1 13 $899,000

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address of each home to see more details and photos.

Address List Price BR/BA Sq Feet Listed By
5 Tulip Lane $1,488,000 3BR/2.5BA 2,510 Bobbie Decker, Today Sothebys

Disclaimer: The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week. The data provided in this report is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction unless explicitly stated otherwise. The source of this data is the Multiple Listing Service (MLS), so the author is in no way responsible for the accuracy of the data from this source.

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