The San Carlos Real Estate Week in Review: 2/25/2019.

Despite a fair amount of buying activity last week, the number of homes for sale in San Carlos this week remains just about the same.  As of this morning, there are only 17 single-family homes and 4 condos/townhouses for sale in the entire city.  As we finish up the last week of February and head into March, it's expected that the pace of new listings should pick up (if history is any indication.)

Mortgage interest rates continue to remain surprisingly low, considering that just a few weeks ago we were expecting to see a steady climb upward.   I have seen instances where buyers are getting at or below 4% for a 30-year fixed mortgage, and even less for a 10/1 adjustable rate. This is a big reason why so many buyers are active in the market right now, and that the open houses were so busy this weekend.

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 2/24/2019:

San Carlos SFR Data	2/24/19	Prior Week
Number of Closed Sales:	2	2
Average Sales Price:	$2,210,000	$1,795,000
Median Sales Price:	$2,210,000	$1,795,000
Average % Sold vs List Price:	106%	106%
Average DOM of Closed Sales	9	8
Average $/Sq Foot (Sold)	$1,034	$1,010
No. of New Listings:	5	3
Total # of Active Listings:	17	16
Average Price of Active Listings:	$2,656,464	$2,730,899
Average DOM of Active Listings:	31	39
Average $/Sq Foot (List)	$1,158	$1,193
Total # of Homes Pending Sale:	25	23
Active-Pending Ratio:	0.7 : 1	0.7 : 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)
1750 Chestnut Street (3BR/2BA)	$2,220,000	$1,995,000	+$225,000 (+11.3%)	$1,283	12
136 Dale Avenue (3BR/2.5BA)	$2,200,000	$2,195,000	+$5,000 (+0.2%)	$786	5

__________________________________________________________________

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
92 Exeter Avenue	10	$1,949,500
2080 Eucalyptus Avenue	28	$2,648,000
760 Terrace Road	50	$2,459,999

____________________________________________________________________

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
10 Shratton Avenue	$2,499,000	3BR/3BA	2,610/7,700	Steve and Julie Quattrone, Alain Pinel Realtors
168 Ruby Avenue	$2,249,000	4BR/3BA	2,600/6,130	Andrea Kohler, Intero
42 Williams Lane	$2,088,000	4BR/2BA	1,860/6,825	Chuck Gillooley, Compass
14 Estates Court	$1,988,000	4BR/2BA	2,320/12,240	Keyko Pintz, Intero
212 Bayview Drive	$1,649,000	4BR/2BA	2,060/14,250	Michael Bruno, Cal-West Realty

____________________________________________________________________