The San Carlos Real Estate Week in Review: 10/15/2018.

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:

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 10/14/2018:

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.

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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)
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

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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
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

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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
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.)

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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)
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

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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
777 Walnut Street #405	16	$1,799,000

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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
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.