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

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.

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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)
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

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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
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

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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
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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