The San Carlos Real Estate Week in Review: 6/4/2018.
June 4, 2018
The activity in the San Carlos real estate market picked up somewhat last week, but mostly on the listing side of the table. Eight new listings jumped into the fray, while a somewhat less deliberate buyer pool took only three of the existing homes into contract. That net difference pushed the inventory of homes for sale up to 20 in San Carlos as we head into the first full week of June.
It's interesting to look at the different days on market averages in the table below. Despite a robust 8% average premium over the asking price, the homes that closed escrow last week took an average of 17 days to get into contract, which is skewed slightly by one particular listing, but still longer than normal for San Carlos homes. These listings were all taken into contract in either late April or the first week of May. For the existing inventory, the average days on market is still hovering around the 1-month mark despite the injection of 8 new listings into the mix.
These two different data points provide some evidence behind the sensation we've been feeling that the market has cooled somewhat since early May, and that it's starting to take slightly longer for homes to sell even in red-hot San Carlos.
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 6/3/2018:
|San Carlos SFR Data||6/3/18||Prior Week|
|Closed Sales for the Week:||8||10|
|Average Sales Price:||$2,303,750||$1,832,800|
|Median Sales Price:||$2,225,000||$1,739,000|
|Average % Sold vs List Price:||108%||114%|
|Average DOM of Closed Sales||17||8|
|Average $/Sq Foot (Sold)||$1,020||$1,186|
|No. of New Listings:||8||2|
|Total # of Active Listings:||20||15|
|Average Price of Active Listings:||$2,284,269||$2,360,611|
|Average DOM of Active Listings:||32||38|
|Average $/Sq Foot (List)||$996||$1,004|
|Total # of Homes Pending Sale:||18||24|
|Active-Pending Ratio:||1.1: 1||0.71 : 1|
The San Carlos Open House Page.
If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.
San Carlos Single-Family Residences Sold:
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||$/Sq Foot||DOM (days)|
|124 Wilshire Court||$2,950,000||$2,950,000||$0 (0%)||$984||15|
|112 Winding Way||$2,610,000||$2,498,000||+$112,000 (+4.5%)||$942||12|
|2515 Nanette Drive||$2,400,000||$1,988,888||+$411,112 (+20.1%)||$1,263||15|
|198 Cedar Street||$2,250,000||$2,099,000||+$151,000 (+7.2%)||$951||10|
|2932 Sherwood Drive||$2,200,000||$2,298,000||-$98,000 (-4.3%)||$957||46|
|450 Erlin Drive||$2,125,000||$2,088,000||+$37,000 (+1.8%)||$711||16|
|55 Pine Avenue||$2,015,000||$1,799,000||+$216,000 (+12.0%)||$1,061||14|
|2708 Brittan Avenue||$1,880,000||$1,499,950||+$380,050 (+25.3%)||$1,288||8|
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|
|141 Beverly Drive||8||$1,599,000|
|353 Wellington Drive||13||$1,428,888|
|108 Brook Street||15||$1,248,000|
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|
|1979 Eaton Avenue||$1,998,888||3BR/3BA||1,370/7,500||Ronda O'Leary, Alain Pinel Realtors|
|54 Madera Avenue||$1,995,000||3BR/3BA||1,940/5,952||Craig Smith, Intero|
|163 Highland Avenue||$1,888,000||3BR/2.5BA||1,890/6,050||Hazel Connell, Alain Pinel Realtors|
|112 Chesham Avenue||$1,888,000||3BR/3BA||2,300/7,250||Greg Celotti, Alain Pinel Realtors|
|2227 Carmelita Drive||$1,795,000||3BR/2BA||1,750/5,830||John Esplana, Keller Williams|
|148 Chestnut Street||$1,695,000||3BR/2BA||1,680/5,550||Elaine White, Coldwell Banker|
|2700 Eaton Avenue||$1,595,000||3BR/1.5BA||1,520/5,000||C. Joseph Stein, Realty World|
|539 Hillcrest Road||$1,388,000||3BR/2BA||1,360/5,800||David Young, Coldwell Banker|
(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)|
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|
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|
|1263 Holly Street #C||$1,097,000||2BR/2.5BA||1,250||Vincent Armando, Armando Investment|
|757 Elm Street #4||$895,000||2BR/1.5BA||1,000||Patricia Giosso, Coldwell Banker|
|1 Elm Street #303||$1,097,000||2BR/2BA||1,180||Manjit Singh, Reali|
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.