The San Carlos Real Estate Week in Review: 7/2/2018.

It may be hard to believe, but the first half of 2018 is over, and we're now heading into what are traditionally two of the slower months in the real estate calendar — July and August.  While homes will continue to sell during these two months, the traffic and activity level always drops off noticeably during these two months as home buyers take a break and head out on vacation.  This presents a great opportunity for those buyers that remain focused and committed to purchasing a home.  With less competition, and perhaps some stale inventory, these two months are generally when some of the best deals are struck.

In San Carlos, we start the week with a relatively sparse inventory of only 13 homes for sale. Since the 4th of July falls mid-week this year, it will likely be a quiet period for listings and purchases with many buyers being gone for the entire week.

Have a safe and festive 4th of July!  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 7/1/2018:

San Carlos SFR Data	7/1/18	Prior Week
Number of Closed Sales:	4	4
Average Sales Price:	$1,797,222	$2,356,250
Median Sales Price:	$1,844,444	$2,487,500
Average % Sold vs List Price:	117%	102%
Average DOM of Closed Sales	6	41
Average $/Sq Foot (Sold)	$1,130	$1,026
No. of New Listings:	4	3
Total # of Active Listings:	13	14
Average Price of Active Listings:	$2,171,761	$2,451,421
Average DOM of Active Listings:	25	24
Average $/Sq Foot (List)	$973	$931
Total # of Homes Pending Sale:	17	17
Active-Pending Ratio:	0.76 : 1	0.8 : 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)
148 Chestnut Street	$2,300,000	$1,695,000	+$605,000 (+35.7%)	$1,369	4
112 Chesham Avenue	$2,088,888	$1,888,000	+$200,888 (+10.6%)	$873	13
539 Hillcrest Road	$1,680,000	$1,388,000	+$292,000 (+21.0%)	$1,235	5
1413 Brittan Avenue	$1,200,000	$1,149,000	+$51,000 (+4.4%)	$1,043	0

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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
1436 Howard Avenue	38	$2,789,000
2 Forest Lane	16	$1,998,000
3221 La Mesa Drive	13	$2,595,000
750 Crestview Drive	18	$4,500,000

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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
1377 Orange Avenue	$3,088,000	5BR/3.5BA	3,320/7,000	David Young, Coldwell Banker
748 Tamarack Avenue	$1,748,000	4BR/2BA	2,020/6,000	Laura Bertolacci, Dwell
1020 Tamarack Avenue	$1,599,000	3BR/2BA	1,200/5,500	Alfredo Mendoza, Keller Williams
2328 Howard Avenue	$1,398,000	2BR/1BA	1,160/9,700	Pamela Shaffer, Kleebauer Properties

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