The San Carlos Real Estate Week in Review: 8/13/2018.

We are now at the mid-point of August, and the activity in the local real estate market is beginning to pick up again.  There were five new listings that hit the market last week in San Carlos, and open the houses seemed to be well attended over the weekend. Home buyers are definitely stepping back into the fray now that Summer is drawing to a close.

If history is any indication, we should begin to see an increase in the rate of new listings as home sellers look to get an early jump on Labor Day weekend.  This will give us a good indication of what to expect in our abbreviated, but very active, 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 8/12/2018:

San Carlos SFR Data	8/12/18	Prior Week
Number of Closed Sales:	3	6
Average Sales Price:	$1,901,000	$2,412,785
Median Sales Price:	$1,810,000	$1,923,500
Average % Sold vs List Price:	117%	108%
Average DOM of Closed Sales	9	18
Average $/Sq Foot (Sold)	$1,167	$1,109
No. of New Listings:	5	6
Total # of Active Listings:	15	14
Average Price of Active Listings:	$2,194,793	$2,122,214
Average DOM of Active Listings:	24	29
Average $/Sq Foot (List)	$1,024	$974
Total # of Homes Pending Sale:	12	12
Active-Pending Ratio:	1.3 : 1	1.2 : 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)
1951 Elizabeth Street (4BR/3BA)	$2,235,000	$1,895,000	+$340,000 (+17.9%)	$1,085	15
1385 Rosewood Avenue (3BR/2BA)	$1,810,000	$1,599,000	+$211,000 (+13.2%)	$1,361	5
301 Laurel Street (2BR/3BA)	$1,658,000	$1,398,000	+$260,000 (+18.6%)	$1,056	8

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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
859 Orange Avenue	13	$1,398,000
861 Elm Street	19	$1,695,000

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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
112 Wildwood Avenue	$3,198,000	4BR/3.5BA	2,961/6,490	Loren Dakin, Alain Pinel Realtors
189 Glasgow Lane	$2,795,000	4BR/3BA	2,510/9,147	Robert Bredel, Dwell
3 Charlton Street	$2,499,888	5BR/4BA	3,000/5,600	Richard Schlicht, Innovative Realty
1415 Greenwood Avenue	$1,699,000	2BR/1BA	1,240/6,157	Mary Harris, Intero
376 Ridge Road	$1,599,000	4BR/3BA	1,780/5,800	Mariana Pappalardo, Alain Pinel Realtors

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

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