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

July 30, 2018

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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.

San Carlos Open House List

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San Carlos Single-Family Residences Sold:

3221 La Mesa Drive

3221 La Mesa 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)
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:

3281 Melendy Drive

3281 Melendy Drive

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.)

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)
3320 Brittan Avenue #8 $1,000,000 $880,000 +$120,000 (+13.6%) 0
757 Elm Street #4 $780,000 $895,000 -$115,000 (-12.8%) 41

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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
1001 Laurel Street #320 10 $998,000

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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
633 Elm Street #201 $779,000 1BR/1BA 774 Sean Clar, RE/MAX

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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