The San Carlos Real Estate Week in Review: 12/17/2018.

December 17, 2018

We are heading into the final two weeks of 2018, and some of the homes that have not sold in the fall are being taken off the market and will likely reappear in the new year.  This has pulled the inventory of homes for sale in San Carlos down to only 13 homes.  In reality, it's really actually fewer than that.

For those homes that have sold in the past few weeks, they continue to experience downward price pressure.  Three of the four homes that sold last week did not achieve their original list price, and overall the market only managed to achieve 96% of the list price on average.  Those are very uncommon numbers for the San Carlos market, but with all things considered the market is still holding its value respectably.  Regardless, everyone seems to be looking toward January to see if the new year will inject some life into what has been a lackluster fall buying season.

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 12/16/2018:

San Carlos SFR Data 12/16/18 Prior Week
Number of Closed Sales: 4 5
Average Sales Price: $1,835,972 $2,131,000
Median Sales Price: $1,725,000 $2,100,000
Average % Sold vs List Price: 96% 105%
Average DOM of Closed Sales 48 19
Average $/Sq Foot (Sold) $868 $1,145
No. of New Listings: 1 1
Total # of Active Listings: 13 16
Average Price of Active Listings: $2,172,462 $2,353,750
Average DOM of Active Listings: 36 37
Average $/Sq Foot (List) $1,281 $1,212
Total # of Homes Pending Sale: 15 15
Active-Pending Ratio: 0.9 : 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)
130 Lynton Avenue (4BR/3BA) $2,468,888 $2,590,000 -$121,112 (-6.1%) $882 65
1415 Oakhurst Avenue (2BR/2BA) $1,900,000 $1,699,000 +$201,000 (+11.8%) $1,105 0
259 Winding Way (4BR/2.5BA) $1,550,000 $1,650,000 -$100,000 (-6.1%) $605 39
1761 Alameda (3BR/2BA) $1,425,000 $1,698,000 -$273,000 (-16.1%) $880 89


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
228 Highland Avenue 28 $1,740,000
3271 Melendy Drive 54 $2,400,000
135 Madera Avenue 17 $2,985,000


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
1317 Cedar Street $1,898,000 3BR/2BA 1,860/6,840 Terrie Masuda, Coldwell Banker


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