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

February 25, 2019

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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 Open House List

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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.

1750 Chestnut Street

1750 Chestnut Street

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

 

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

 

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New Single-Family Home Listings in San Carlos:

42 Williams Lane

42 Williams Lane

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

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

Homes for Sale in San Carlos

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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)
$– $– $– (–%)

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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
3356 La Mesa Drive #1 16 $1,195,000
3316 Brittan Avenue #18 11 $1,308,000

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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
$– –/–

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.

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