The San Carlos Real Estate Week in Review: 10/8/2018.

October 8, 2018

Buyers remained active last week in the San Carlos real estate market with 8 homes being put into contract, but the inventory still remains on the high side with 28 active listings still on the market.  That inventory is getting a little more stale each week, too, as their average stay on the market has reached 21 days.  As a case in point, half of the homes that were put into contract last week sat on the market for at least 26 days before finding a buyer. It's still difficult to tell whether this is indicative of a larger shift in the overall market, or whether it's just a case of buyers pushing back against ever increasing home prices.

Either way, the level of inventory and the pace of the market seems to be swinging back in a direction that is favoring of buyers, and those who are still active in the market can take full advantage of these prime 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 10/7/2018:

San Carlos SFR Data 10/7/18 Prior Week
Number of Closed Sales: 4 7
Average Sales Price: $1,926,250 $1,870,357
Median Sales Price: $1,962,500 $1,740,000
Average % Sold vs List Price: 108% 109%
Average DOM of Closed Sales 13 13
Average $/Sq Foot (Sold) $1,080 $1,103
No. of New Listings: 6 7
Total # of Active Listings: 28 30
Average Price of Active Listings: $2,050,353 $2,025,830
Average DOM of Active Listings: 21 19
Average $/Sq Foot (List) $999 $1,016
Total # of Homes Pending Sale: 31 28
Active-Pending Ratio: 0.9 : 1 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)
1351 Arroyo Avenue (3BR/2BA) $2,005,000 $1,988,000 +$17,000 (+0.9%) $1,261 17
817 Cordilleras Avenue (3BR/2BA) $1,975,000 $1,798,000 +$230,000 (+13.1%) $849 4
646 Prospect Street (3BR/2.5BA) $1,950,000 $1,898,000 +$52,000 (+2.7%) $844 22
1434 Chestnut Street (3BR/1BA) $1,775,000 $1,475,000 +$300,000 (+20.3%) $1,365 7


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
1005 Hall Street 46 $1,388,000
58 Club Drive 26 $2,895,000
1724 Greenwood Avenue 78 $2,050,000
166 Rockridge Road 27 $2,895,000
2121 San Carlos Avenue 8 $1,244,000
141 Belvedere Avenue 7 $1,672,000
1011 Hall Street 8 $1,288,000
329 Elm Street 11 $2,399,000


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
240 Edgehill Drive $3,200,000 4BR/3BA 3,014/6,700 Joyce & Tatum, Dwell
59 Northam Avenue $2,850,000 5BR/3.5BA 2,490/8,000 Sarah Ravella, Today Sothebys
215 Lemoore Drive $2,095,000 3BR/2BA 2,060/7,670 Sam Anagnostou, Coldwell Banker
30 Madera Avenue $1,798,000 4BR/2BA 2,102/4,527 Daunielle Doughty, Coldwell Banker
1185 Elm Street $1,575,000 3BR/1BA 1,320/4,800 Joseph Rodden, Berkshire Hathaway
626 Wellington Drive $1,199,000 3BR/2BA 1,300/8,000 Cathy McCarty, eXp Realty


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