The San Carlos Real Estate Week in Review: 6/25/2018.

The listing activity in the San Carlos real estate market ebbed somewhat last week, with only three homes entering the market. Smart home buyers are taking advantage of the lull in the market and are able to work deals that they wouldn't have been able to just two months ago.  Three of the homes that went pending this week had to stay on the market for nearly three weeks before they entered into contract, which is evident of the cooling that we've been experiencing in the market over the past few weeks.

But even with the market taking a little breather, last week's activity dropped the inventory of single family homes for sale in San Carlos back down to 14, giving buyers fewer options to choose from.  This is the last full week before the 4th of July holiday, so there should be some additional listings coming in under the wire this week.

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 6/24/2018:

San Carlos SFR Data	6/24/18	Prior Week
Number of Closed Sales:	4	9
Average Sales Price:	$2,356,250	$2,458,333
Median Sales Price:	$2,487,500	$2,568,000
Average % Sold vs List Price:	102%	110%
Average DOM of Closed Sales	41	9
Average $/Sq Foot (Sold)	$1,026	$1,092
No. of New Listings:	3	5
Total # of Active Listings:	14	18
Average Price of Active Listings:	$2,451,421	$2,341,938
Average DOM of Active Listings:	24	22
Average $/Sq Foot (List)	$931	$991
Total # of Homes Pending Sale:	17	14
Active-Pending Ratio:	0.8 : 1	1.3 : 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)
291 Hyde Park Avenue	$2,700,000	$2,995,000	-$295,000 (9.8%)	$795	107
460 Phelps Road	$2,525,000	$2,148,000	+$377,000 (+17.6%)	$1,282	9
239 Exeter Avenue	$2,450,000	$2,750,000	-$298,000 (-10.9%)	$891	39
141 Beverly Drive	$1,750,000	$1,599,000	+$151,000 (+9.4%)	$1,136	8

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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
2700 Eaton Avenue	19	$1,595,000
163 Highland Avenue	21	$1,888,000
5 Alderlee Way	7	$1,785,000
1979 Eaton Avenue	21	$1,998,888
1078 Hewitt Drive	9	$1,595,000

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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
329 Elm Street	$2,499,000	4BR/3BA	2,750/7,850	Jim Tierney, Netequity
2065 Greenwood Avenue	$2,088,000	5BR/3BA	2,060/4,655	Liz Min, Reside
1055 Riverton Drive	$1,398,888	4BR/2BA	2,100/5,000	Phyllis McArthur, Girouard Properties

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