The San Carlos Real Estate Week in Review: 6/11/2018.
June 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.
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San Carlos Single-Family Residences Sold:
207 Edgehill Drive
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 |
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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 |
|---|---|---|
| 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 |
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New Single-Family Home Listings in San Carlos:
1049 Sunset Drive
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 |
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
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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) |
|---|---|---|---|---|
| 222 Laurel Street #311 | $835,000 | $739,000 | +$96,000 (+13.0%) | 10 |
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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 |
|---|---|---|
| 1263 Holly Street #C | 8 | $1,097,000 |
| 1 Elm Street #303 | 7 | $825,000 |
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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 |
|---|---|---|---|---|
| 793 Elm Street #9 | $999,000 | 2BR/2BA | 1,539 | Brian Boisson, Berkshire Hathaway |
| 775 Chestnut Street #18 | $998,000 | 2BR/2BA | 1,220 | Cheryl Stockton, Alain Pinel Realtors |
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.
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