The San Carlos Real Estate Week in Review: 10/29/2018.

The strain on of the local real estate market is evident in the numbers from the past week.  Of the 7 homes that closed escrow, 3 sold below the original list price — something that we're not accustomed to seeing in the San Carlos real estate market.  This kept the average premium over the asking price at just 3% for the second straight week.

The good news for sellers is that buyers are at least still active in the market.  There were 7 homes that were put into contract last week, and 4 of those 7 had been on the market for at least two weeks. So even though it's taking slightly longer to get homes into contract, it's a good sign that well-priced homes are still moving during this relatively tepid market stretch.  Open houses appeared to be busy this past weekend, too.  But homes that are over-priced, or that have distinct disadvantages are still languishing.

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 10/28/2018:

San Carlos SFR Data	10/28/18	Prior Week
Number of Closed Sales:	7	13
Average Sales Price:	$1,977,571	$1,994,846
Median Sales Price:	$1,980,000	$1,870,000
Average % Sold vs List Price:	103%	103%
Average DOM of Closed Sales	27	11
Average $/Sq Foot (Sold)	$1,044	$1,155
No. of New Listings:	8	8
Total # of Active Listings:	32	31
Average Price of Active Listings:	$2,038,611	$2,197,731
Average DOM of Active Listings:	24	22
Average $/Sq Foot (List)	$1,067	$1,034
Total # of Homes Pending Sale:	22	22
Active-Pending Ratio:	1.5 : 1	1.4 : 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)
260 Fairmont Avenue (3BR/2BA)	$2,488,000	$2,168,000	+$320,000 (+14.8%)	$1,341	7
1306 Woodland Avenue (3BR/3BA)	$2,200,000	$2,198,000	+$2,000 (+0%)	$1,106	29
2037 San Carlos Avenue (5BR/3.5BA)	$2,150,000	$2,248,000	-$98,000 (-4.4%)	$676	13
513 Sycamore Street (4BR/4BA)	$1,980,000	$1,799,950	+$180,050 (+10.0%)	$663	18
1724 Greenwood Avenue (3BR/2BA)	$1,950,000	$2,150,000	-$200,000 (-9.3%)	$1,204	78
1968 Brittan Avenue (3BR/2BA)	$1,725,000	$1,750,000	-$25,000 (-1.4%)	$1,278	32
626 Wellington Drive (3BR/2BA)	$1,350,000	$1,199,000	+$151,000 (+12.6%)	$1,038	10

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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 photos:

Address	DOM (days)	List Price
105 Beverly Drive	16	$1,670,000
215 Lemoore Drive	22	$2,095,000
259 Winding Way	32	$1,550,000
1019 Riverton Drive	29	$1,298,000
166 Belvedere Avenue	7	$1,910,000
416 Sycamore Street	10	$1,450,000
2133 Greenwood Avenue	8	$1,895,000

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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
700 Knoll Drive	$3,975,000	4BR/3.5BA	3,481/14,580	Peter Vece, Today Sothebys
2615 Graceland Avenue	$2,295,000	4BR/3.5BA	2,710/9,800	John Shroyer, Today Sothebys
926 Laurel Street	$2,225,000	4BR/2BA	1,330/5,400	Mariaelena Diaz, Today Sothebys
1189 Elm Street	$2,050,000	3BR/3BA	1,852/4,800	Robert Bredel, Dwell
875 Heather Drive	$1,998,000	4BR/2BA	1,740/10,883	Caroline Dinsmore, Today Sothebys
53 Maple Way	$1,698,000	3BR/2BA	1,430/5,550	Andrea Kohler, Intero
144 Exbourne Avenue	$1,688,888	4BR/2BA	1,760/7,150	Basil Yaqub, Pacific Realty Partners
1 El Sereno Drive	$1,599,000	2BR/1.5BA	1,290/7,567	Kurt Steil, Miller/Steil Properties

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