The San Carlos Real Estate Week in Review: 8/6/2018.

Despite the fact that the calendar states that it's still Summer, we are now starting to see the very beginning of the Fall market for real estate, since many schools will be starting back up in the next couple of weeks.  That means vacations are drawing to a close, and buyers are starting to step back into the market again. In the past, this market period wouldn't commence until after Labor Day weekend, but with schools seemingly inching up their start date every year, the market is kicking back into full swing by mid-August.

The activity certainly reflected this last week with a noticeable increase in new listings and pending sales from the prior week.  Look for the rate of new listings to increase as well in the coming weeks, as home sellers look to get an early jump on the Fall market.

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 8/5/2018:

San Carlos SFR Data	8/5/18	Prior Week
Number of Closed Sales:	6	2
Average Sales Price:	$2,412,785	$2,537,500
Median Sales Price:	$1,923,000	$2,537,500
Average % Sold vs List Price:	108%	108%
Average DOM of Closed Sales	18	13
Average $/Sq Foot (Sold)	$1,109	$1,071
No. of New Listings:	6	4
Total # of Active Listings:	14	13
Average Price of Active Listings:	$2,122,214	$1,936,914
Average DOM of Active Listings:	29	32
Average $/Sq Foot (List)	$974	$951
Total # of Homes Pending Sale:	12	13
Active-Pending Ratio:	1.2 : 1	1 : 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 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)
750 Crestview Drive (5BR/3BA)	$4,460,709	$4,500,000	-$39,291 (-0.9%)	$892	18
1377 Orange Avenue (5BR/3.5BA)	$3,000,000	$3,088,000	-$88,000 (-2.8%)	$904	19
2328 Howard Avenue (2BR/1BA)	$1,976,000	$1,398,000	+$578,000 (+41.3%)	$1,703	12
748 Tamarack Avenue (4BR/2BA)	$1,870,000	$1,748,000	+$122,000 (+7.0%)	$926	14
2700 Eaton Avenue (3BR/1.5BA)	$1,660,000	$1,595,000	+$65,000 (+4.1%)	$1,092	19
1060 Lupin Way (3BR/1.5BA)	$1,510,000	$1,498,000	+$12,000 (+0.8%)	$1,135	24

__________________________________________________________________

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
18 Arch Lane	18	$1,575,000
1442 Chestnut Street	7	$1,450,000
3281 Melendy Drive	11	$1,450,000
1041 McCue Avenue	8	$1,399,000

____________________________________________________________________

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
1600 Eaton Avenue	$2,650,000	4BR/3BA	3,890/7,300	John Reese, Intero
38 Winding Way	$2,498,000	4BR/3.5BA	2,387/7,100	Max Reinhardt, Berkshire Hathaway
2020 Carmelita Drive	$1,999,000	3BR/1.5BA	1,975/8,240	Carrie Du Bois, Coldwell Banker
646 Prospect Street	$1,898,000	3BR/2.5BA	2,310/2,211	Janet Davis, Hometown
24 Chilton Avenue	$1,749,000	4BR/2BA	1,660/8,400	Marc Romer, Keller Williams
143 Oakview Drive	$1,450,000	2BR/1BA	1,060/4,800	Marina Gendelman, Today Sothebys

____________________________________________________________________