The San Carlos Real Estate Week in Review: 7/30/2018.

The San Carlos real estate market continued to tick along last week, despite the fact that we are in the deepest part of the summer.  Four new listings hit the market, but those were countered by three homes that were put into contract and that left us with an inventory of 13 homes for sale in the entire city.

There have been some articles published recently about the housing market starting to cool down nationwide, and it's a topic I'll address on the blog this week.  It's hard to even fathom that idea based on the sales numbers that continue to rack up in San Carlos and other highly desirable communities on the Peninsula, but it's definitely worth a discussion.

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 7/29/2018:

San Carlos SFR Data	7/29/18	Prior Week
Number of Closed Sales:	2	6
Average Sales Price:	$2,537,500	$2,368,333
Median Sales Price:	$2,537,500	$2,200,000
Average % Sold vs List Price:	108%	107%
Average DOM of Closed Sales	13	20
Average $/Sq Foot (Sold)	$1,071	$1,131
No. of New Listings:	4	5
Total # of Active Listings:	13	12
Average Price of Active Listings:	$1,936,914	$2,004,907
Average DOM of Active Listings:	32	29
Average $/Sq Foot (List)	$951	$991
Total # of Homes Pending Sale:	13	13
Active-Pending Ratio:	1 : 1	0.92 : 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)
3221 La Mesa Drive (5BR/3BA)	$2,800,000	$2,595,000	+$205,000 (+7.9%)	$1,037	13
2065 Greenwood Avenue (5BR/3BA)	$2,275,000	$2,088,000	+$187,000 (+9.0%)	$1,104	12

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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
1428 Oakhurst Avenue	11	$1,450,000
919 Lupin Way	13	$1,299,000
901 Heather Drive	9	$1,827,000

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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
1442 Chestnut Street	$1,450,000	2BR/1BA	1,190/5,500	Laura Bertolacci, Dwell
3281 Melendy Drive	$1,450,000	3BR/2BA	1,680/9,600	Christopher Eckert, Keller Williams
1041 McCue Avenue	$1,399,000	3BR/2BA	1,586/5,550	Bryan Jacobs, Realsmart Properties
859 Orange Avenue	$1,398,000	4BR/2BA	1,980/5,650	Len Stone Group, Keller Williams

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

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