The San Carlos Real Estate Week in Review: 5/14/2018.
May 14, 2018
Home sales outpaced the rate of new listings last week by a 2:1 ratio in San Carlos. The net result is that the inventory of single family homes for sale dropped to 13 at the time of this post. I believe this dip will be short-lived, because as I mentioned in last week's post, there should be a push of new listings this week as sellers hustle to get their homes on the market to avoid having Memorial Day weekend for their first open house. This should give those home buyers who haven't thrown in the towel for the Spring buying season some good opportunities.
Here is a look at last week's 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 5/13/2018:
|San Carlos SFR Data||5/13/18||Prior Week|
|Closed Sales for the Week:||5||2|
|Average Sales Price:||$2,035,000||$1,979,000|
|Median Sales Price:||$2,200,000||$1,979,500|
|Average % Sold vs List Price:||112%||112%|
|Average DOM of Closed Sales||8||10|
|Average $/Sq Foot (Sold)||$1,246||$891|
|No. of New Listings:||3||5|
|Total # of Active Listings:||13||16|
|Average Price of Active Listings:||$2,481,103||$2,508,830|
|Average DOM of Active Listings:||35||27|
|Average $/Sq Foot (List)||$932||$942|
|Total # of Homes Pending Sale:||32||29|
|Active-Pending Ratio:||0.41 : 1||0.55 : 1|
The San Carlos Open House Page.
If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.
San Carlos Single-Family Residences Sold:
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||$/Sq foot||DOM (days)|
|20 Cambridge Street||$2,425,000||$2,498,000||-$73,000 (-2.9%)||$962||23|
|1565 School Street||$2,350,000||$1,998,000||+$352,000 (+17.6%)||$1,335||0|
|1943 Brittan Avenue||$2,200,000||$1,899,000||+$301,000 (+15.9%)||$1,236||4|
|108 Edgehill Drive||$1,900,000||$1,899,000||+$1,000 (+0.1%)||$1,266||13|
|1005 Hall Street||$1,300,000||$1,100,000||+$200,000 (+0.1%)||$1,429||0|
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|
|124 Wilshire Court||15||$2,950,000|
|64 Belvedere Avenue||16||$2,998,000|
|55 Pine Avenue||14||$1,799,000|
|973 Crestview Drive||6||$2,988,000|
|529 Hillcrest Road||35||$1,650,888|
|138 Fleetwood Drive||7||$2,549,000|
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|
|116 Wilshire Court||$2,950,000||4BR/3BA||2,946/5,637||Sarah Ravella, Today Sothebys|
|191 Kelton Avenue||$2,498,000||5BR/3BA||2,510/6,050||Sam Anagnostou, Coldwell Banker|
|741 Tamarack Avenue||$1,599,950||3BR/1.5BA||1,410/6,324||David Blewett, Intero|
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
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)|
|30 Chicory Lane||$1,578,000||$1,388,000||+$190,000 (+13.7%)||14|
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|
|731 Chestnut Street #100||8||$1,049,000|
|222 Laurel Street #311||10||$779,000|
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|
|1700 San Carlos Avenue #202||$888,000||2BR/2BA||1,300||Hsin-Chieh Chou, Giant Realty|
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.