The San Carlos Real Estate Week in Review: 4/1/2019.

The final week of March proved to be one of the busiest weeks yet for the San Carlos real estate market in 2019.  No fewer than 10 single-family homes were snapped up by home buyers last week — so even though there were 7 new listings to hit the market, the overall inventory of homes for sale dropped to 19 in the entire city.  Open houses appeared to be very active again, as buyers took advantage of the brief spring-like weather to look for homes.

Home prices continue to remain strong, with the average home selling for 107% of the asking price.  This indicates that multiple offers are still the norm so far this year for the majority of listings.

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 3/31/2019:

San Carlos SFR Data	3/31/19	Prior Week
Number of Closed Sales:	7	5
Average Sales Price:	$2,036,429	$2,162,000
Median Sales Price:	$2,100,000	$2,230,000
Average % Sold vs List Price:	107%	105%
Average DOM of Closed Sales	19	18
Average $/Sq Foot (Sold)	$1,063	$1,061
No. of New Listings:	7	7
Total # of Active Listings:	19	21
Average Price of Active Listings:	$2,431,553	$2,503,376
Average DOM of Active Listings:	29	26
Average $/Sq Foot (List)	$1,049	$1,055
Total # of Homes Pending Sale:	30	25
Active-Pending Ratio:	0.63 : 1	0.84 : 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)
42 Williams Lane (4BR/2BA)	$2,355,000	$2,088,000	+$267,000 (+12.8%)	$1,266	12
168 Ruby Avenue (4BR/3BA)	$2,350,000	$2,249,000	+$101,000 (+4.5%)	$904	10
1719 White Oak Way (3BR/2BA)	$2,215,000	$1,849,000	+$366,000 (+19.8%)	$1,326	7
1866 San Carlos Avenue (3BR/2BA)	$2,100,000	$1,950,000	+$150,000 (+7.7%)	$991	10
701 Terrace Road (3BR/2BA)	$1,865,000	$2,100,000	-$235,000 (-11.2%)	$811	52
212 Bayview Drive (4BR/2BA)	$1,820,000	$1,649,000	+$171,000 (+10.4%)	$884	16
8 Gaylord Court (3BR/2BA)	$1,550,000	$1,525,000	+$25,000 (+1.6%)	$1,260	26

 

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San Carlos Single-Family Homes Pending Sale:

The following single-family homes went into contract in San Carlos last week. Click on the address of each home to see more details and photos:

Address	DOM (days)	List Price
137 Chestnut Street	9	$1,987,900
62 Hilltop Drive	2	$1,495,000
2417 Graceland Avenue	10	$1,699,000
832 Hemlock Street	14	$1,600,000
1250 Dayton Avenue	12	$2,185,000
1525 Cedar Street	6	$1,698,000
104 Wycombe Avenue	17	$1,649,000
870 Cabot Court	6	$2,289,000
108 Glasgow Lane	8	$2,088,000
1961 Belle Avenue	9	$3,248,000

 

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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
86 Madrona Street	$3,850,000	5BR/4BA	3,736/19,915	Peyling Yap, Bay Area Realty
35 Hilltop Drive	$2,870,000	3BR/2BA	2,477/9,440	The Harber Group, Alain Pinel Realtors
1729 Cedar Street	$1,875,000	3BR/2BA	1,530/4,480	Ellen Larios, Today Sothebys
2085 Saint Francis Way	$1,748,000	3BR/2BA	1,680/5,170	Holly Noto, Coldwell Banker
2075 Saint Francis Way	$1,585,000	3BR/1BA	1,590/5,550	David Macdonald Real Estate
2721 Clifford Avenue	$1,499,000	2BR/1BA	1,440/11,040	Max Reinhardt, Berkshire Hathaway
959 Alameda de las Pulgas	$1,298,000	3BR/1BA	1,150/5,217	Cory Cooper, dwell

(Click the “Homes For Sale” sign below to see ALL of the homes currently 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)
31 Tulip Lane	$1,380,000	$1,450,000	-$70,000 (-4.8%)	11
3316 Brittan Avenue #18	$1,350,000	$1,308,000	+$42,000 (+3.2%)	11

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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
793 Elm Street #8	14	$999,888
13 Lilly Lane	8	$1,422,000

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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
9 Geranium Lane	$1,588,000	3BR/2.5BA	2,200	Matt McCormick, Coldwell Banker
1536 Cherry Street #A	$1,420,000	3BR/2.5BA	1,249	Chris Chalmers, Mainstreet Properties
1536 Cherry Street #B	$1,390,000	3BR/2.5BA	1,258	Chris Chalmers, Mainstreet Properties

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.