The San Carlos Real Estate Week in Review: 9/17/2018.
September 17, 2018
For the second straight week, the San Carlos real estate market saw a steady diet of new listings. There were 14 new single-family residence listings to hit the market last week, just shy of the 16 that hit the market the week before. That brings the total available inventory of homes for sale up to 35, which is a level that we have not seen all year, and puts the market on a pace to exceed the 53 new listings that hit the market in September of 2017.
How the market reacts to this sudden influx of listings will be interesting to see. Some homes will sell just like they would in an environment with sparse inventory, but look for some price reductions on some of the languishing listings as they struggle to stay visible in a suddenly crowded real estate market in San Carlos.
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 9/16/2018:
| San Carlos SFR Data | 9/16/18 | Prior Week |
|---|---|---|
| Number of Closed Sales: | 9 | 3 |
| Average Sales Price: | $2,164,000 | $1,798,333 |
| Median Sales Price: | $1,850,000 | $1,925,000 |
| Average % Sold vs List Price: | 106% | 114% |
| Average DOM of Closed Sales | 20 | 13 |
| Average $/Sq Foot (Sold) | $1,142 | $1,131 |
| No. of New Listings: | 14 | 16 |
| Total # of Active Listings: | 35 | 26 |
| Average Price of Active Listings: | $2,068,055 | $2,018,914 |
| Average DOM of Active Listings: | 12 | 10 |
| Average $/Sq Foot (List) | $1,063 | $1,051 |
| Total # of Homes Pending Sale: | 18 | 22 |
| Active-Pending Ratio: | 1.9 : 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.
____________________________________________________________________
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) |
|---|---|---|---|---|---|
| 181 Coventry Court (4BR/3BA) | $3,090,000 | $2,949,492 | +$140,508 (+4.8%) | $1,104 | 12 |
| 43 Sequoia Court (4BR/3.5BA) | $3,020,000 | $2,698,000 | +$322,000 (+11.9%) | $1,315 | 8 |
| 59 Bay View Drive (4BR/3.5BA) | $2,850,000 | $2,950,000 | -$100,000 (-3.4%) | $803 | 10 |
| 61 Madrona Street (3BR/3BA) | $2,150,000 | $1,999,999 | +$150,001 (+7.5%) | $920 | 8 |
| 1415 Greenwood Avenue (2BR/1BA) | $1,850,000 | $1,699,000 | +$151,000 (+8.9%) | $1,492 | 3 |
| 861 Elm Street (3BR/2BA) | $1,850,000 | $1,899,999 | -$49,999 (-2.6%) | $1,276 | 19 |
| 996 Hall Street (3BR/2BA) | $1,810,000 | $1,548,000 | +$262,000 (+16.9%) | $1,199 | 0 |
| 75 Winding Way (4BR/2.5BA) | $1,700,000 | $1,980,000 | -$280,000 (-14.1%) | $890 | 124 |
| 1053 Montgomery Street (3BR/1BA) | $1,156,000 | $938,000 | +$218,000 (+23.2%) | $1,284 | 0 |
__________________________________________________________________
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 photo
| Address | DOM (days) | List Price |
|---|---|---|
| 817 Cordilleras Avenue | 4 | $1,798,000 |
| 1643 Alameda | 12 | $1,298,000 |
| 15 Shelford Avenue | 5 | $1,388,000 |
| 4 Cranfield Avenue | 20 | $1,550,000 |
| 1434 Chestnut Street | 7 | $1,475,000 |
____________________________________________________________________
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 |
|---|---|---|---|---|
| 200 Devonshire Boulevard | $3,598,000 | 5BR/4.5BA | 3,900/10,458 | Robert Bredel, Dwell |
| 130 Lynton Avenue | $2,590,000 | 4BR/3BA | 2,800/4,600 | Omar Kinaan, Sothebys |
| 2037 San Carlos Avenue | $2,248,000 | 5BR/3.5BA | 3,180/9,931 | Robert Bredel, Dwell |
| 1306 Woodland Avenue | $2,198,000 | 3BR/3BA | 1,990/4,450 | Lynn Wilson Roberts, Pacific Union |
| 2403 Howard Avenue | $1,995,000 | 3BR/2BA | 1,700/7,500 | Donna Colangelo, Intero |
| 64 Exeter Avenue | $1,895,000 | 4BR/2BA | 1,920/7,350 | James Steele, Pacific Union |
| 1637 Howard Avenue | $1,800,000 | 3BR/2BA | 1,530/6,250 | Haifa Khoury, Sothebys |
| 2806 Roland Avenue | $1,789,000 | 4BR/2.5BA | 1,918/5,395 | Sabine Dillon, Coldwell Banker |
| 1968 Brittan Avenue | $1,750,000 | 3BR/2BA | 1,350/5,000 | Trish Ward, Keller Williams |
| 24 Bayport Court | $1,749,000 | 4BR/2.5BA | 1,660/5,400 | Alana Corso, Dwell |
| 2800 Eaton Avenue | $1,638,000 | 3BR/2BA | 1,560/5,200 | Gordy Burton, Coldwell Banker |
| 385 Ridge Road | $1,598,000 | 3BR/2.5BA | 1,400/5,450 | Greg Celotti, Alain Pinel Realtors |
| 15 Robin Way | $1,495,000 | 3BR/2BA | 1,550/5,000 | Alex Lehr, Lehr Real Estate |
| 184 Winding Way | $1,388,000 | 2BR/2BA | 1,600/11,000 | Jim Tierney, Netequity |
____________________________________________________________________
Posted in: