The San Carlos Real Estate Week in Review: 11/5/2018.

For the first time in over a month, the number of homes for sale in San Carlos dropped below 30.  The pipeline of new listings slowed to a trickle last week, and buyers took 8 homes out of circulation which was the primary reason for the sharp drop.  Now that we are only a few weeks shy of the Thanksgiving break, it will be interesting to see if the number of new listings stays on the lean side,  or if last week was just a temporary respite.  Sellers who have homes on the market right now would love to have a little less competition to contend with, as it seems like fewer buyers are out looking at homes in the current market.  Most of the open houses that I saw this past weekend were lightly attended.

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 11/4/2018:

San Carlos SFR Data	11/4/18	Prior Week
Number of Closed Sales:	8	7
Average Sales Price:	$2,227,088	$1,977,571
Median Sales Price:	$2,215,000	$1,980,000
Average % Sold vs List Price:	108%	103%
Average DOM of Closed Sales	20	27
Average $/Sq Foot (Sold)	$974	$1,044
No. of New Listings:	1	8
Total # of Active Listings:	26	32
Average Price of Active Listings:	$2,338,030	$2,038,611
Average DOM of Active Listings:	25	24
Average $/Sq Foot (List)	$1,187	$1,067
Total # of Homes Pending Sale:	23	22
Active-Pending Ratio:	1.1 : 1	1.5 : 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)
58 Club Drive (5BR/3.5BA)	$2,810,000	$2,895,000	-$85,000 (-2.9%)	$909	26
3 Shratton Avenue (6BR/4.5BA)	$2,576,815	$2,695,000	-$118,185 (-4.4%)	$790	33
3 Charlton Street (5BR/4BA)	$2,449,888	$2,499,888	-$50,000 (-2.0%)	$817	45
2809 Brittan Avenue (4BR/2BA)	$2,280,000	$1,880,000	+$400,000 (+21.2%)	$1,181	11
580 Phelps Road (7BR/2BA)	$2,150,000	$1,788,830	+$361,170 (+20.2%)	$811	15
24 Bayport Court (4BR/2.5BA)	$2,125,000	$1,749,000	+$376,000 (+21.5%)	$1,280	7
337 Elm Street (3BR/2.5BA)	$2,075,000	$1,988,000	+87,000 (+4.4%)	$918	12
2121 San Carlos Avenue (2BR/1BA)	$1,350,000	$1,244,000	+$106,000 (+8.5%)	$1,085	8

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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
1189 Elm Street	3	$2,050,000
18 Dover Court	38	$1,585,000
964 Sunset Drive	35	$1,540,000
229 Frances Lane	43	$2,798,000
875 Heather Drive	7	$1,998,000
200 Devonshire Boulevard	48	$3,598,000
216 Exeter Avenue	56	$2,600,000
376 Ridge Road	48	$1,599,000

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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
328 Hill Way	$995,000	2BR/1BA	950/4,965	Alex Lehr, Lehr Real Estate

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