The San Carlos Real Estate Week in Review: 12/31/2018.
January 1, 2019
2018 is finally in the books for the San Carlos real estate market, and what a year it was. It started off with a roar, and ended with a whimper, as you will see from the stats that I will post later this week. We will finish the year with only 11 homes for sale, which is a deceptively low number, since quite a few homes that did not sell in late 2018 will be back on the market in early January.
You can also expect to see a very active January for brand new listings, as sellers look to get a jump start on an uncertain economic climate heading into to 2019. With all of the prognostications about the second half of 2019, sellers are taking no chances in having a repeat of what happened in the second half of 2018.
This year was another tremendous year for the White Oaks Blog. Content, readership, and traffic hit all time highs in 2018, making the White Oaks Blog the most relevant and widely read real estate blog dedicated to the San Carlos real estate market. I look forward to providing you with more great content in what will be the 12th year of the blog's existence. Have a safe and prosperous New Year!
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 12/30/2018:
| San Carlos SFR Data | 12/30/18 | Prior Week |
|---|---|---|
| Number of Closed Sales: | 4 | 4 |
| Average Sales Price: | $1,893,750 | $1,795,000 |
| Median Sales Price: | $1,687,500 | $1,752,500 |
| Average % Sold vs List Price: | 107% | 98% |
| Average DOM of Closed Sales | 25 | 27 |
| Average $/Sq Foot (Sold) | $1,088 | $975 |
| No. of New Listings: | 0 | 1 |
| Total # of Active Listings: | 11 | 13 |
| Average Price of Active Listings: | $2,164,545 | $2,107,538 |
| Average DOM of Active Listings: | 48 | 39 |
| Average $/Sq Foot (List) | $1,282 | $1,261 |
| Total # of Homes Pending Sale: | 10 | 12 |
| 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.
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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) |
|---|---|---|---|---|---|
| 3239 La Mesa Drive (5BR/3BA) | $2,900,000 | $3,088,000 | -$188,000 (-1.3%) | $807 | 55 |
| 351 Chesham Avenue (3BR/2BA) | $1,750,000 | $1,699,000 | +$51,000 (+3.0%) | $1,101 | 21 |
| 378 De Anza Avenue (3BR/2BA) | $1,625,000 | $1,595,000 | +$30,000 (+1.9%) | $1,076 | 7 |
| 328 Hill Drive (2BR/1BA) | $1,300,000 | $995,000 | +$305,000 (+30.7%) | $1,368 | 15 |
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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 |
|---|---|---|
| 1040 Lupin Way | 8 | $1,499,999 |
| 1318 Crestview Drive | 47 | $2,088,000 |
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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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