The San Carlos Real Estate Week in Review: 4/16/2018.
April 16, 2018
It was a surprisingly busy week for new listings in San Carlos, with many sellers taking advantage of the Spring break week to list their homes while they were away for the week. Eight new listings tested the market, which pushed the inventory of homes for sale in San Carlos up to 19 — one of the higher levels that we've started a week off with in quite a while.With Memorial Day weekend now only 6 weeks away, look for a significant increase in listing activity over this stretch as sellers look to cash in on the Spring market and get their homes sold prior to the summer break.
There's a new data column that I have added to the Homes Sold table below. Starting this week, I will track the $/sq foot of all single family homes sold in San Carlos. While we can debate all day about the usefulness of this metric in assessing the value of homes, it has certainly become the most talked about data point recently as home prices continue to escalate in San Carlos.
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 4/15/2018:
| San Carlos SFR Data | 4/15/18 | Prior Week |
|---|---|---|
| Closed Sales for the Week: | 5 | 7 |
| Average Sales Price: | $2,093,000 | $2,097,857 |
| Median Sales Price: | $2,220,000 | $1,950,000 |
| Average % Sold vs List Price: | 117% | 112% |
| Average DOM of Closed Sales | 9 | 8 |
| Average $/Sq Foot (Sold) | $1,179 | $1,210 |
| No. of New Listings: | 8 | 7 |
| Total # of Active Listings: | 19 | 13 |
| Average Price of Active Listings: | $2,054,599 | $2,212,993 |
| Average DOM of Active Listings: | 20 | 22 |
| Average $/Sq Foot (List) | $959 | $921 |
| Total # of Homes Pending Sale: | 18 | 19 |
| Active-Pending Ratio: | 1.1 : 1 | 0.8 : 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 | $/Sq foot | DOM (days) |
|---|---|---|---|---|---|
| 229 Bay View Drive | $2,425,000 | $1,998,000 | +$427,000 (+14.2%) | $1,113 | 9 |
| 852 Cedar Street | $2,300,000 | $1,895,000 | +$405,000 (+21.4%) | $1,217 | 10 |
| 273 Alberta Avenue | $2,220,000 | $1,849,000 | +$371,000 (+20.1%) | $1,220 | 11 |
| 1282 Crestview Drive | $2,200,000 | $1,989,000 | +$211,000 (+10.6%) | $989 | 7 |
| 941 Holly Street | $1,320,000 | $1,175,000 | +$145,000 (+12.3%) | $1,375 | 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 |
|---|---|---|
| 108 Edgehill Drive | 13 | $1,899,000 |
| 3236 La Mesa Drive | 13 | $2,888,000 |
| 1128 Royal Lane | 8 | $1,735,000 |
| 20 Cambridge Street | 23 | $2,498,000 |
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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 |
|---|---|---|---|---|
| 1512 Howard Avenue | $2,798,000 | 4BR/3BA | 2,340/5,000 | Joyce & Tatum, Dwell Realtors |
| 2 Val Mar Place | $2,298,000 | 5BR/3BA | 2,780/9,990 | Carrie Du Bois, Coldwell Banker |
| 75 Winding Way | $1,980,000 | 4BR/2.5BA | 1,910/6,600 | Lizette D'Almeida, d'Almeida Real Estate |
| 1943 Brittan Avenue | $1,899,000 | 4BR/2BA | 1,780/5,000 | Lisa Morris, Intero |
| 1329 Cordilleras Avenue | $1,848,000 | 3BR/1.5BA | 1,544/5,200 | Lynn Wilson Roberts, Pacific Union International |
| 305 Arundel Road | $1,590,000 | 3BR/2BA | 1,712/6,000 | Katherine Couture, Intero |
| 907 Montgomery Street | $1,388,000 | 3BR/2BA | 1,780/7,000 | Vandervort Group, Reside Real Estate |
| 1520 Hull Drive | $1,398,000 | 2BR/1BA | 1,040/7,130 | Christine Pimlott, Coldwell Banker |
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