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

July 23, 2018

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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.

San Carlos Open House List

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San Carlos Single-Family Residences Sold:

201 Edgehill Drive

201 Edgehill Drive

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:

1724 Greenwood Avenue

1724 Greenwood Avenue

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

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

Homes for Sale in San Carlos

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Condos and Townhomes Sold in San Carlos

Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.

Address Sold Price Orig. List Difference DOM (days)
775 Chestnut Street #18 $1,140,000 $998,000 +$142,000 (+14.2%) 8
793 Elm Street #9 $1,000,000 $999,000 +$1,000 (+0.1%) 36

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Condo/Townhouse Pending Sale this Week.

The following condos/townhouses went into contract this week. Click on the address of each home to see more details and photos.

Address DOM (days) List Price
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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address of each home to see more details and photos.

Address List Price BR/BA Sq Feet Listed By
1001 Laurel Street #320 $998,000 2BR/2BA 1,094 Diana Nemirovsky, Keller Williams
1510 Cherry Street #1 $789,000 2BR/1BA 992 Tracy Hsieh, Keller Williams
222 Laurel Street #208 $699,000 1BR/1BA 702 Justina Singh, Today Sothebys

Disclaimer: The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week. The data provided in this report is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction unless explicitly stated otherwise. The source of this data is the Multiple Listing Service (MLS), so the author is in no way responsible for the accuracy of the data from this source.

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