The San Carlos Real Estate Week in Review: 5/21/2018.

May 21, 2018

Whether it's the typical seasonal slowdown as we compete with graduations and weddings, or an indication of perhaps a larger shift in the economy, the activity level in the local real estate market has dropped noticeably over the past two weeks.  Open houses in San Carlos and Redwood City this past weekend reported lower than normal attendance for this time of year, so it will be interesting to see if the activity rebounds as we head into the Memorial Day weekend.

There were 5 homes in San Carlos that were put into contract, but that was offset by the 7 new listings that hit the market which pushed the inventory of active listings up to 17 for the entire city.  The average days on market (DOM) has remained right about the 1-month level, as a few homes have had extended stays on the market.

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 5/20/2018:

San Carlos SFR Data 5/20/18 Prior Week
Closed Sales for the Week: 6 5
Average Sales Price: $2,241,167 $2,035,000
Median Sales Price: $2,230,000 $2,200,000
Average % Sold vs List Price: 109% 112%
Average DOM of Closed Sales 12 8
Average $/Sq Foot (Sold) $1,036 $1,246
No. of New Listings: 7 3
Total # of Active Listings: 17 13
Average Price of Active Listings: $2,309,533 $2,481,103
Average DOM of Active Listings: 29 35
Average $/Sq Foot (List) $1,017 $932
Total # of Homes Pending Sale: 30 32
Active-Pending Ratio: 0.57: 1 0.41 : 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)
1512 Howard Avenue $2,900,000 $2,798,000 +$102,000 (+3.6%) $1,239 9
10 Kenton Avenue $2,750,000 $2,299,000 +$451,000 (+19.6%) $1,042 10
2 Val Mar Place $2,435,000 $2,298,000 +$137,000 (+6.0%) $876 13
3281 Brittan Avenue $2,025,000 $1,995,000 +$30,000 (+1.5%) $705 17
111 Exeter Avenue $1,950,000 $1,850,000 +$100,000 (+5.4%) $813 13
2716 San Carlos Avenue $1,387,000 $1,198,000 +$189,000 (+15.8%) $1,541 9


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
15 Anchor Lane 18 $1,997,000
239 Exeter Avenue 39 $2,550,000
112 Winding Way 12 $2,498,000
1028 Northwood Drive 13 $1,299,000
2425 San Carlos Avenue 3 $1,549,000


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
229 Frances Lane $2,988,000 5BR/4.5BA 3,799/10,010 Kathy Zmay, Sequoia Realty
1436 Howard Avenue $2,789,000 4BR/3BA 2,905/5,031 Sarah Ravella, Today Sothebys
460 Phelps Avenue $2,148,000 3BR/2.5BA 1,970/9,624 Robert Bredel, Dwell
141 Beverly Drive $1,599,000 3BR/2BA 1,540/5,100 Mary Abolmoluki, Coldwell Banker
2425 San Carlos Avenue $1,549,000 3BR/2BA 1,410/7,000 Morgan McGuire
353 Wellington Drive $1,428,888 3BR/2.5BA 1,380/5,900 Carole Rodinsky, Alain Pinel Realtors
108 Brook Street $1,248,000 2BR/1BA 770/4,100 Chuck Gillooley, Pacific Union


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