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 |
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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.
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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) |
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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 |
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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 |
---|---|---|
228 Highland Avenue | 28 | $1,740,000 |
3271 Melendy Drive | 54 | $2,400,000 |
135 Madera Avenue | 17 | $2,985,000 |
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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 |
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1317 Cedar Street | $1,898,000 | 3BR/2BA | 1,860/6,840 | Terrie Masuda, Coldwell Banker |
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