The San Carlos Real Estate Week in Review: 7/23/2018.

The activity in the San Carlos real estate market picked up somewhat last week, as more buyers seem to be re-entering the market after the early-summer break.  Four homes were put into contract, which was only slightly surpassed by the five new listings that hit the street. This nudged the inventory of homes for sale to 12 in the entire city — still not a lot for many buyers to choose from.

The average days on market for the existing inventory is still sitting at just under 1 month, which is largely skewed by 5 of these homes that have been sitting on the market for a range of 30-100 days.  This is certainly something we have not seen much since the housing market started it's climb nearly a decade ago, but it shows that buyers have their limits even in a strong seller's market like this one.

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 7/22/2018:

San Carlos SFR Data	7/22/18	Prior Week
Number of Closed Sales:	6	6
Average Sales Price:	$2,368,333	$2,116,167
Median Sales Price:	$2,200,000	$2,016,500
Average % Sold vs List Price:	107%	108%
Average DOM of Closed Sales	20	16
Average $/Sq Foot (Sold)	$1,131	$1,035
No. of New Listings:	5	4
Total # of Active Listings:	12	11
Average Price of Active Listings:	$2,004,907	$2,045,263
Average DOM of Active Listings:	29	29
Average $/Sq Foot (List)	$9911	$969
Total # of Homes Pending Sale:	13	13
Active-Pending Ratio:	0.92 : 1	0.85 : 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)
195 Exeter Avenue	$3,150,000	$3,199,000	-$49,000 (-1.5%)	$677	13
201 Edgehill Drive	$3,050,000	$2,899,888	+$150,112 (+5.2%)	$1,025	2
1979 Eaton Avenue	$2,300,000	$1,998,888	+$301,112 (+15.1%)	$1,679	21
2 Forest Lane	$2,100,000	$1,998,000	+$102,000 (+5.1%)	$981	16
1224 Highland Court	$1,850,000	$1,699,000	+$151,000 (+8.9%)	$1,186	0
529 Hillcrest Road	$1,760,000	$1,650,888	+$109,112 (+5.0%)	$1,239	65

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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
1377 Orange Avenue	19	$3,088,000
1020 Tamarack Avenue	20	$1,599,000
301 Laurel Street	8	$1,398,000
2316 San Carlos Avenue	6	$1,498,888

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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
1724 Greenwood Avenue	$2,150,000	3BR/2BA	1,620/5,400	John Marshall, Coldwell Banker
1440 Howard Avenue	$1,999,000	3BR/2.5BA	1,999/4,953	Daniel Ebrahemi, Intero
861 Elm Street	$1,899,999	3BR/2BA	1,450/6,340	Rebecca Grafigna, Today Sothebys
901 Heather Drive	$1,827,000	3BR/2.5BA	2,090/7,811	Gordy Burton, Coldwell Banker
2316 San Carlos Avenue	$1,498,888	4BR/2BA	1,820/6,500	Gregory Strang, Coldwell Banker

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