The San Carlos Real Estate Week in Review: 6/11/2018.

Summer break is officially here for the vast majority of Peninsula residents.  The last of the graduations have taken place, and almost all of the schools are out for the summer.  Those huge distractions that start in mid-May are always disruptive to the local real estate market, and it certainly seems to most market watchers that this inflection in the market actually occurred sooner this year than in past years.

Now that those distractions are in the rear-view mirror, focus is beginning to return back to the market.  Open houses seemed to be more well attended this past weekend, with serious buyers outnumbering the casual shoppers. For that reason, June is a month where a lot of transactions come to fruition — both buyers and sellers are motivated to get something locked up before the July 4th holiday hits, because that's truly when the real estate market hits the snooze button for a couple of months.

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 6/10/2018:

San Carlos SFR Data	6/10/18	Prior Week
Closed Sales for the Week:	5	8
Average Sales Price:	$2,326,000	$2,303,750
Median Sales Price:	$1,955,000	$2,225,000
Average % Sold vs List Price:	110%	108%
Average DOM of Closed Sales	21	17
Average $/Sq Foot (Sold)	$1,216	$1,020
No. of New Listings:	3	8
Total # of Active Listings:	18	20
Average Price of Active Listings:	$2,394,799	$2,284,269
Average DOM of Active Listings:	29	32
Average $/Sq Foot (List)	$977	$996
Total # of Homes Pending Sale:	18	18
Active-Pending Ratio:	1: 1	1.1 : 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)
207 Edgehill Drive	$3,850,000	$3,495,000	+$355,000 (+10.2%)	$1,115	9
3166 La Mesa Drive	$2,525,000	$2,395,000	+$130,000 (+5.4%)	$935	9
741 Tamarack Avenue	$1,955,000	$1,599,950	+$355,050 (+22.2%)	$1,387	11
348 Northam Avenue	$1,600,000	$1,530,000	+$70,000 (+4.6%)	$1,039	62
1172 Rosewood Avenue	$1,700,000	$1,597,000	+$103,000 (+6.5%)	$1,604	13

__________________________________________________________________

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
1951 Elizabeth Street	15	$1,895,000
354 Devonshire Boulevard	9	$1,998,000
1413 Brittan Avenue	0	$1,149,000
539 Hillcrest Road	5	$1,388,000

____________________________________________________________________

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
195 Exeter Avenue	$3,199,000	5BR/6BA	4,650/10,541	Jim Tierney, Netequity
1049 Sunset Drive	$1,988,000	4BR/3BA	2,050/5,500	Gavin Chan, Today Sothebys
30 Madera Avenue	$1,798,000	4BR/2BA	2,102/5,500	Daunielle Dougthy, Coldwell Banker

____________________________________________________________________