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

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.

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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)
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

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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
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

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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
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

(Click the “Homes For Sale” sign below to see ALL of the homes currently 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)
633 Elm Street #400	$896,875	$850,000	+$46,875 (+5.5%)	3
222 Laurel Street #208	$695,000	$699,000	-$4,000 (-0.6%)	54

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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
633 Elm Street #400	3	$850,000

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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
3319 Brittan Avenue #15	$1,048,000	2BR/2BA	1,041	Nino Perrone, Bay Area Estates

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.