The San Carlos Real Estate Week in Review: 12/10/2018.

December 10, 2018

Inventory is finally dropping in the San Carlos real estate market, but not solely because homes are selling.  There has been an increasing number of homes that haven't sold and have been pulled off the market for the holidays, with the intent of trying their luck again in the new year.  As of this morning, the inventory of homes for sale in San Carlos has dropped to 16, which is a level that we have not seen for a number of weeks.

Buyers and sellers alike are keeping a close eye on the volatility of the stock market, and the ever-changing plans of the Federal Reserve with regards to interest rates.  Those two forces will have more of an impact on the behavior of the real estate market in 2019 than probably anything else.

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 12/9/2018:

San Carlos SFR Data 12/9/18 Prior Week
Number of Closed Sales: 5 8
Average Sales Price: $2,131,000 $1,868,500
Median Sales Price: $2,100,000 $1,715,000
Average % Sold vs List Price: 105% 99%
Average DOM of Closed Sales 19 25
Average $/Sq Foot (Sold) $1,145 $938
No. of New Listings: 1 1
Total # of Active Listings: 16 20
Average Price of Active Listings: $2,353,750 $2,628,150
Average DOM of Active Listings: 37 39
Average $/Sq Foot (List) $1,212 $1,210
Total # of Homes Pending Sale: 15 19
Active-Pending Ratio: 1.1 : 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.


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)
200 Devonshire Boulevard (5BR/4.5BA) $3,300,000 $3,598,000 -$298,000 (-8.3%) $846 48
875 Heather Drive (4BR/2BA) $2,380,000 $1,998,000 +$382,000 (+19.2%) $1,368 7
236 Edgehill Drive (3BR/2BA) $2,100,000 $1,759,000 +$341,000 (+19.4%) $1,448 5
53 Maple Way (3BR/2BA) $1,525,000 $1,698,000 -$173,000 (-10.2%) $1,066 29
1011 Hall Street (3BR/2BA) $1,350,000 $1,288,000 +$62,000 (+4.8%) $996 8


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
3239 La Mesa Drive 55 $2,948,000


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
155 Normandy Court $2,495,000 4BR/2.5BA 2,620/10,019 Alex Lehr, Lehr Real Estate


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