The San Carlos Real Estate Week in Review: 7/9/2018.
July 9, 2018
As predicted, the holiday week produced scant activity in the San Carlos real estate market. Only two homes went into contract, and one single listing decided to test the market. The inventory of homes for sale in San Carlos dropped to 11, but there are still some more homes that will be hitting the market between now and the end of July, as some sellers look to take advantage of the anemic inventory levels.
Despite the slim inventory, this is still one of the best times of the year for home buyers to achieve their goal of home ownership. With many buyers taking a break from the market, the activity level and competition is usually lowest in the summer months of July and August, which makes for some of the most favorable buying conditions you'll see all year. Some of the best deals that I have been able to secure for my buyer clients have been in the month 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 7/8/2018:
San Carlos SFR Data | 7/8/18 | Prior Week |
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Number of Closed Sales: | 4 | 4 |
Average Sales Price: | $2,030,000 | $1,797,222 |
Median Sales Price: | $2,035,000 | $1,844,444 |
Average % Sold vs List Price: | 105% | 117% |
Average DOM of Closed Sales | 11 | 6 |
Average $/Sq Foot (Sold) | $1,194 | $1,130 |
No. of New Listings: | 1 | 4 |
Total # of Active Listings: | 11 | 13 |
Average Price of Active Listings: | $2,172,263 | $2,171,761 |
Average DOM of Active Listings: | 28 | 25 |
Average $/Sq Foot (List) | $967 | $973 |
Total # of Homes Pending Sale: | 16 | 17 |
Active-Pending Ratio: | 0.69 : 1 | 0.76 : 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) |
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50 Gateway Court | $2,750,000 | $2,750,000 | $0 (0%) | $858 | 19 |
54 Madera Avenue | $2,270,000 | $1,995,000 | +$275,000 (+13.8%) | $1,170 | 11 |
231 Windsor Drive | $1,800,000 | $1,750,000 | +$50,000 (+2.9%) | $1,059 | 0 |
108 Brook Street | $1,300,000 | $1,248,000 | +$52,000 (+4.2%) | $1,688 | 15 |
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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 |
---|---|---|
2065 Greenwood Avenue | 12 | $2,065,000 |
1060 Lupin Way | 24 | $1,498,000 |
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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 |
---|---|---|---|---|
1708 Greenwood Avenue | $2,198,000 | 3BR/2.5BA | 1,950/5,400 | Patty Dwyer Group, Alain Pinel Realtors |
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
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