The San Carlos Real Estate Week in Review: 5/14/2018.

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:

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 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.

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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)
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

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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
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

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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
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.)

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