The San Carlos Real Estate Week in Review: 4/29/2019.

Listing activity in the City of San Carlos picked up from the prior week.  Eight new listings hit the market, but even with that amount of activity the inventory of homes for sale is still under 20 for all of San Carlos.   This is keeping the market competitive, especially in the lower price ranges.  The dynamics of the economy that are fueling this latest run — a strong stock market and low mortgage interest rates — appear to be completely intact as we start a new week, so look for more of the same competitive market as we move forward.

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 4/28/2019:

San Carlos SFR Data	4/28/19	Prior Week
Number of Closed Sales:	5	6
Average Sales Price:	$2,146,600	$2,465,833
Median Sales Price:	$1,705,000	$2,197,500
Average % Sold vs List Price:	105%	109%
Average DOM of Closed Sales	20	19
Average $/Sq Foot (Sold)	$1,091	$1,501
No. of New Listings:	8	3
Total # of Active Listings:	19	17
Average Price of Active Listings:	$2,430,579	$2,325,291
Average DOM of Active Listings:	21	26
Average $/Sq Foot (List)	$1,105	$984
Total # of Homes Pending Sale:	29	28
Active-Pending Ratio:	0.66 : 1	0.61 : 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)
706 Knoll Drive (4BR/3.5BA)	$3,700,000	$3,895,000	-$195,000 (-5.0%)	$962	63
137 Chestnut Street (4BR/3BA)	$2,138,888	$1,987,900	+$150,988 (+7.6%)	$968	9
104 Wycombe Avenue (3BR/2BA)	$1,705,000	$1,649,000	+$56,000 (+3.4%)	$1,114	17
62 Hilltop Drive (3BR/2BA)	$1,600,000	$1,495,000	+$105,000 (+7.0%)	$1,240	2
1052 Sunset Drive (3BR/2BA)	$1,590,000	1,399,000	+$191,000 (+13.7%)	$1,169	11

 

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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
1518 Eaton Avenue	10	$1,748,000
1517 Saint Francis Way	12	$2,095,000
8 Camborne Avenue	12	$1,149,950
130 Club Drive	10	$1,149,950
1920 Howard Avenue	0</td	$1,898,000

 

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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
525 Vista Avenue	$3,295,000	4BR/3.5BA	3,359/7,448	Rick Bell, Alain Pinel Realtors
25 Highland Avenue	$2,895,000	2BR/2BA	1,100/14,782	Alex Lehr, Lehr Real Estate
933 Woodland Avenue	$2,650,000	4BR/3BA	2,450/5,400	David Young, Coldwell Banker
1320 Oakhurst Avenue	$2,625,000	4BR/3BA	2,345/6,500	Joyce and Tatum Real Estate
60 Hartford Avenue	$2,180,000	4BR/4BA	2,285/7,200	Omar Kinaan, Golden Gate Sothebys
3024 Melendy Drive	$1,850,000	4BR/2.5BA	2,010/9,867	Laura Bertolacci, dwell
1525 Brittan Avenue	$1,488,000	2BR/2BA	1,400/4,880	Joanne Jordan, Coldwell Banker
1379 Chestnut Street	$1,398,000	2BR/2BA	1,260/3,880	Doug Gonzalez, Coldwell Banker

(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)
9 Geranium Lane	$1,600,000	$1,588,000	+$12,000 (+0.8%)	8
2987 Melendy Drive #3	$1,160,000	$1,199,000	-$39,000 (-3.3%)	7
3358 Brittan Avenue #6	$1,119,375	$1,179,000	-$59,625 (-5.1%)	66
618 Walnut Street #407	$839,000	$888,000	-$49,000 (-5.5%)	69

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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
—	—	$–

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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
1 Mayflower Lane	$1,548,000	2BR/2.5BA	1,920	Greg Celotti, Alain Pinel Realtors
1625 San Carlos Avenue #D	$1,468,000	3BR/3BA	2,030	Sternsmith Group, Alain Pinel Realtors

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.