The San Carlos Real Estate Week in Review: 6/18/2018.

Activity is picking up somewhat in the San Carlos real estate market as early vacationers are returning to the Bay Area, and home buyers refocus their attention on the final few weeks of the Spring real estate market. Despite the various activity that took place this week, the inventory of single family home remained unchanged at 18 homes for sale.

Of the nine homes that closed escrow this week in San Carlos, three of them exceeded the $3M mark. Having a $3M sale in this town is no longer newsworthy, but having three of them close in the same week is still somewhat of an anomaly.  These three sales helped push the average sales price for the week to nearly $2.5M, which definitely is a statistic that will get your attention.

Speaking of homes on the upper price scale, a $4M listing was added to the inventory with the return of 750 Crestview Drive at $4,500,000.  And it's worth noting that 39% of the available homes in San Carlos are listed at $2,000,000 or above.

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 6/17/2018:

San Carlos SFR Data	6/17/18	Prior Week
Number of Closed Sales:	9	5
Average Sales Price:	$2,458,333	$2,326,000
Median Sales Price:	$2,568,000	$1,955,000
Average % Sold vs List Price:	110%	110%
Average DOM of Closed Sales	9	21
Average $/Sq Foot (Sold)	$1,092	$1,216
No. of New Listings:	5	3
Total # of Active Listings:	18	18
Average Price of Active Listings:	$2,341,938	$2,394,799
Average DOM of Active Listings:	22	29
Average $/Sq Foot (List)	$991	$977
Total # of Homes Pending Sale:	14	18
Active-Pending Ratio:	1.3 : 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:

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)
64 Belvedere Avenue	$3,200,000	$2,998,000	+$202,000 (+6.7%)	$941	16
973 Crestview Drive	$3,017,000	$2,988,000	+$29,000 (+1.0%)	$1,147	6
220 Frances Lane	$3,000,000	$3,298,000	-$298,000 (-9.0%)	$906	15
138 Fleetwood Drive	$2,800,000	$2,549,000	+$251,000 (+9.8%)	$979	7
191 Kelton Avenue	$2,568,000	$2,498,000	+$70,000 (+2.8%)	$948	10
1924 Eaton Avenue	$2,220,000	$2,098,000	+$122,000 (+5.8%)	$1,187	1
1028 Northwood Drive	$1,810,000	$1,299,000	+$511,000 (+39.3%)	$1,203	13
353 Wellington Drive	$1,760,000	$1,428,888	+$331,112 (+23.2%)	$1,275	13
2425 San Carlos Avenue	$1,750,000	$1,549,000	+$201,000 (+13.0%)	$1,241	3

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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
54 Madera Avenue	11	$1,995,000
291 Hyde Park Avenue	107	$2,849,500
2227 Carmelita Drive	11	$1,795,000
112 Chesham Avenue	13	$1,888,000

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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
750 Crestview Drive	$4,500,000	5BR/3BA	5,000/56,628	Mary Yeargain, Alain Pinel Realtors
3221 La Mesa Drive	$2,595,000	5BR/3BA	2,700/16,250	Tiffany Manaoat, Alain Pinel Realtors
5 Alderlee Way	$1,785,000	3BR/2BA	1,440/9,600	Violaine Mraihi, Intero
1078 Hewitt Drive	$1,595,000	4BR/2BA	2,230/7,150	David Young, Coldwell Banker
1060 Lupin Way	$1,498,000	3BR/1.5BA	1,330/5,600	The Sharp Group

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