The San Carlos Real Estate Week in Review: 4/2/2018.
April 2, 2018
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.
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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) |
|---|---|---|---|---|
| 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:
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 |
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