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:
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|
(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)|
|645 Prospect Street #304||$1,275,000||$1,149,000||+$126,000 (+11.0%)||6|
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|
|1 Elm Street #106||44||$998,000|
|3 Marigold Lane||31||$1,348,000|
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|
|7 Geranium Lane||$1,598,000||2BR/2.5BA||1,800||Ken Constantino, Alain Pinel Realtors|
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.