The San Carlos Real Estate Week in Review: 4/23/2018.

April 23, 2018

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There was quite a significant jump in all level of activity last week in the San Carlos real estate market. 11 homes closed escrow at an average price that topped $2.2M — one of the highest levels of the year. But another interesting fact that may get lost in the data below is that 3 of those 11 homes never hit the market. They were sold preemptively or were intentionally sold off-market. While it's not uncommon to see homes in San Carlos sell in this manner, it is rare to see so many in the same week. There will be more at least one more off-market sale to report this coming week.

The inventory of single-family homes inched slightly upward to 23, which is slightly higher than the weekly averages that we've been accustomed to seeing. The inventory of condos and townhomes remains quite sparse, with only 3 units available city-wide.

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 4/22/2018:

San Carlos SFR Data 4/22/18 Prior Week
Closed Sales for the Week: 11 5
Average Sales Price: $2,227,445 $2,093,000
Median Sales Price: $2,309,899 $2,220,000
Average % Sold vs List Price: 114% 117%
Average DOM of Closed Sales 7 8
Average $/Sq Foot (Sold) $1,189 $1,179
No. of New Listings: 10 8
Total # of Active Listings: 23 19
Average Price of Active Listings: $1,997,784 $2,054,599
Average DOM of Active Listings: 20 20
Average $/Sq Foot (List) $977 $959
Total # of Homes Pending Sale: 16 18
Active-Pending Ratio: 1.4 : 1 1.1 : 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:

3236 La Mesa Drive

3236 La Mesa Drive

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)
3236 La Mesa Drive $3,300,000 $2,888,000 +$412,000 (+14.3%) $1,039 13
790 Knoll Drive $2,650,000 $2,398,000 +$252,000 (+10.5%) $1,173 4
3329 Melendy Drive $2,445,000 $1,998,000 +$447,000 (+22.4%) $867 12
1732 Greenwood Avenue $2,375,000 $1,998,000 +$377,000 (+18.9%) $1,439 0
1333 Elm Street $2,350,000 $2,195,000 +$155,000 (+22.4%) $1,391 1
230 Hillcrest Road $2,309,899 $2,098,000 +$211,899 (+10.1%) $856 13
30 Miramonte Court $1,925,000 $1,599,000 +$326,000 (+20.4%) $1,395 4
1381 Rosewood Avenue $1,888,000 $1,800,000 +$88,000 (+4.9%) $1,259 0
1044 Sunset Drive $1,872,000 $1,825,000 +$47,000 (+2.6%) $1,212 4
1962 Brittan Avenue $1,812,000 $1,358,000 +$454,000 (+33.4%) $1,154 12
2443 San Carlos Avenue $1,575,000 $1,398,000 +$177,000 (+12.7%) $1,294 19

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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
1943 Brittan Avenue 4 $1,899,000
1036 Hewitt Drive 12 $1,825,000
1512 Howard Avenue 9 $2,798,000
1520 Hull Drive 10 $1,398,000
111 Exeter Avenue 13 $1,850,000
1329 Cordilleras Avenue 7 $1,848,000

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New Single-Family Home Listings in San Carlos:

220 Frances Lane

220 Frances Lane

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
220 Frances Lane $3,298,000 4BR/3BA 3,310/11,858 Leslie Woods, Sereno Group
64 Belvedere Avenue $2,998,000 4BR/3BA 3,400/7,250 Sam Anagnostou, Coldwell Banker
450 Erlin Drive $2,088,000 5BR/2.5BA 2,990/11,500 Vandervort Group
2515 Nanette Drive $1,988,888 3BR/2BA 1,900/26,000 Maggie Alegria, Pacific Union
718 Cedar Street $1,599,000 3BR/2BA 1,760/6,700 Allison Fujimoto, Today Sothebys
1172 Rosewood Avenue $1,597,000 2BR/1BA 1,060/4,880 Liz Rhodes, Alain Pinel Realtors
761 Orange Avenue $1,448,750 2BR/1.5BA 1,208/5,750 Laura Bertolacci, Dwell
996 Springfield Drive $1,289,000 3BR/2BA 1,200/5,000 Joyce & Tatum, Dwell
2716 San Carlos Avenue $1,198,000 2BR/1BA 900/5,160 Robert Bredel, Dwell
1015 Holly Street $1,025,000 2BR/1BA 910/5,450 Brett Barron, Capital Realty

(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)
401 Portofino Drive #C $1,760,000 $1,398,000 +362,000 (+25.9%) 11

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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
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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
3324 Brittan Avenue #9 $888,000 3BR/2BA 1,239 Marylene Notarianni, 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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