The San Carlos Real Estate Week in Review: 10/1/2018.
October 1, 2018
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.
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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) |
---|---|---|---|---|---|
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:
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 |
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