The San Carlos Real Estate Week in Review: 10/1/2018.

October 1, 2018

October-Calendar

Despite the fact that half a dozen homes went into contract last week, the inventory of single-family homes for sale in San Carlos remained top-heavy.  As of this morning, there are still 30 homes on the market with an average stay of 19 days.  Both of those numbers are larger than what we are accustomed to seeing in San Carlos real estate arena.

Buyers are certainly aware of this shift, and they appear to be taking advantage of this rare equalizing force in the market by being a bit more deliberate with their purchases. They are taking much more time to make decisions, and are now even willing to wait to see what else may be hitting the market.  It was certainly the topic of conversation yesterday at the open house that I hosted.

This is simply how a more normally balanced real estate market behaves, and it just means that sellers may need to slightly adjust their expectations to the change in market conditions.

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 9/30/2018:

San Carlos SFR Data 9/30/18 Prior Week
Number of Closed Sales: 7 4
Average Sales Price: $1,870,357 $2,588,750
Median Sales Price: $1,740.000 $2,577,500
Average % Sold vs List Price: 109% 103%
Average DOM of Closed Sales 13 18
Average $/Sq Foot (Sold) $1,103 $1,124
No. of New Listings: 7 5
Total # of Active Listings: 30 28
Average Price of Active Listings: $2,025,830 $2,162,855
Average DOM of Active Listings: 19 17
Average $/Sq Foot (List) $1,016 $1,049
Total # of Homes Pending Sale: 28 28
Active-Pending Ratio: 1.1 : 1 1.0 : 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:

1600 Eaton Avenue

1600 Eaton Avenue

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)
1600 Eaton Avenue (4BR/3BA) $2,786,500 $2,650,000 +$136,500 (+5.2%) $869 26
18 Whitman Court (3BR/2BA) $1,980,000 $1,750,000 +$230,000 (+13.1%) $1,125 7
1184 Elm Street (2BR/1.5BA) $1,750,000 $1,488,000 +$262,000 (+17.6%) $1,215 7
15 Shelford Avenue (3BR/2.5BA) $1,740,000 $1,388,000 +$262,000 (+17.6%) $1,067 5
867 Cedar Street (3BR/2BA) $1,616,000 $1,595,000 +$21,000 (+13.2%) $1,180 19
24 Wildwood Avenue (3BR/2BA) $1,650,000 $1,698,000 -$48,000 (-2.5%) $1,187 6
4 Cranfield Avenue (3BR/2BA) $1,570,000 $1,550,000 +$20,000 (+1.3%) $1,075 20

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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 photo

Address DOM (days) List Price
2037 San Carlos Avenue 13 $2,248,000
1637 Howard Avenue 14 $1,800,000
260 Fairmont Avenue 7 $2,168,000
2806 Roland Avenue 5 $1,789,000
385 Ridge Road 14 $1,598,000
1950 Eucalyptus Avenue 9 $3,088,000

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New Single-Family Home Listings in San Carlos:

337 Elm Street

337 Elm Street

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
337 Elm Street $1,988,000 3BR/2.5BA 2,260/7,650 John Han, Rational Real Estate
2809 Brittan Avenue $1,880,000 4BR/2BA 1,930/12,180 Gina Haggarty, Pacific Union
964 Sunset Drive $1,680,000 3BR/2.5BA 1,570/5,500 Taskeen Fatehdin, Home Advantage
141 Belvedere Avenue $1,672,000 3BR/2BA 1,450/4,600 Laura Bertolacci, Dwell
259 Winding Way $1,650,000 4BR/2.5BA 2,564/4,322 Trish Ward, Keller Williams
1019 Riverton Drive $1,298,000 2BR/1BA 1,075/5,000 Jan Majeski, Alain Pinel Realtors
1011 Hall Street $1,288,000 3BR/2BA 1,355/4,350 Greg Celotti, Alain Pinel Realtors
2121 San Carlos Avenue $1,244,000 2BR/1BA 1,244/7,350 Alexander Lehr, Lehr Real Estate

(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)
1263 Holly Street #B $1,301,000 $1,099,000 +$202,000 (+18.4%) 15

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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
$–

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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
777 Walnut Street #405 $1,799,000 3BR/3BA 1,481 Linda Espinoza, Landmark Properties
633 Elm Street #400 $850,000 1BR/1BA 774 Kathryn Bedbury, Today Sothebys

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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