The San Carlos Real Estate Week in Review: 10/15/2018.
October 15, 2018
Inventory continues to remain on the high side in San Carlos as buyers are only essentially nibbling at what is available on the market. The number of single-family homes for sale in San Carlos actually increased slightly this past week, and sits at 30 as of this morning. The average stay on the market for these 30 homes is now approaching 4 weeks — both of these are very un-San Carlos like numbers, but are indicative of what's happening all along the Peninsula, not just in San Carlos.
We will dive a little deeper into some of the statistics later this week, but suffice it to say that the market has definitely lost some of the intensity that we have accepted as “normal” for the past few years.
Here is a look at last week's 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 10/14/2018:
|San Carlos SFR Data||10/14/18||Prior Week|
|Number of Closed Sales:||7||4|
|Average Sales Price:||$1,886,864||$1,926,250|
|Median Sales Price:||$1,950,000||$1,962,500|
|Average % Sold vs List Price:||107%||108%|
|Average DOM of Closed Sales||10||13|
|Average $/Sq Foot (Sold)||$1,025||$1,080|
|No. of New Listings:||6||6|
|Total # of Active Listings:||30||28|
|Average Price of Active Listings:||$2,042,639||$2,050,353|
|Average DOM of Active Listings:||25||21|
|Average $/Sq Foot (List)||$999||$999|
|Total # of Homes Pending Sale:||27||31|
|Active-Pending Ratio:||1.1 : 1||0.9 : 1|
The San Carlos Open House Page.
If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.
San Carlos Single-Family Residences Sold:
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||$/Sq Foot||DOM (days)|
|329 Elm Street (4BR/3BA)||$2,325,050||$2,399,000||-$74,000 (-3.1%)||$845||11|
|2403 Howard Avenue (3BR/2BA)||$2,190,000||$1,995,000||+$195,000 (+9.8%)||$1,288||6|
|1505 Gover Lane (4BR/3.5BA)||$2,015,050||$2,125,000||-$109,950 (-5.2%)||$900||17|
|2806 Roland Avenue (4BR/2.5BA)||$1,950,000||$1,789,000||+$161,000 (+9.0%)||$1,107||5|
|1643 Alameda (3BR/2BA)||$1,650,000||$1,298,000||+$352,000 (+20.3%)||$1,173||12|
|15 Robin Way (3BR/2BA)||$1,550,000||$1,495,000||+$55,000 (+3.7%)||$1000||9|
|184 Winding Way (2BR/2BA)||$1,528,000||$1,395,000||+$133,000 (+9.5%)||$955||11|
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|
|148 Palm Avenue||31||$1,595,000|
|2809 Brittan Avenue||11||$1,880,000|
|626 Wellington Drive||10||$1,199,000|
|337 Elm Street||12||$1,988,000|
|1306 Woodland Avenue||29||$1,998,000|
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|
|3239 La Mesa Drive||$3,088,000||5BR/3BA||3,592/17,500||Liliane Cools, Alain Pinel Realtors|
|2805 San Simeon Way||$1,823,281||4BR/2BA||1,530/8,160||Laura Lindecker, Coldwell Banker|
|941 Sunset Drive||$1,698,000||3BR/2BA||1,880/11,930||Grant Alvernaz, Broker|
|105 Beverly Drive||$1,670,000||3BR/3BA||1,700/5,250||Laura Bertolacci, Dwell|
|153 Fairbanks Avenue||$1,575,000||3BR/2BA||1,500/4,394||Carly Seiff, Coldwell Banker|
|136 Winding Way||$1,498,000||4BR/2BA||2,400/5,394||Vandervort Group|
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
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)|
|28 Trillium Lane||$1,400,000||$1,388,000||+$12,000 (+0.9%)||7|
|1456 San Carlos Avenue #302||$1,150,000||$1,088,888||+$61,112 (+5.6%)||7|
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|
|777 Walnut Street #405||16||$1,799,000|
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|
|633 Elm Street #112||$1,198,000||2BR/2BA||1,258||Vandervort Group|
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.