The San Carlos Real Estate Week in Review: 5/6/2019.

We are now in the first full week of May, which is typically one of the busiest real estate months of the year.  Sellers usually push to get their homes on the market before the summer months of June and July, which tend to be slower because so many buyers are out of town, so we should expect that the San Carlos market will be very busy over the next few weeks.

The inventory level remained unchanged from last week, and is sitting at a relatively lean level of 19 homes for sale in the city.  This is quite low for this time of year, and obviously favors home sellers.  It will be interesting to what surge, if any, that we see now that we're heading into the final month of the Spring real estate market.

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 5/5/2019:

San Carlos SFR Data	5/5/19	Prior Week
Number of Closed Sales:	8	5
Average Sales Price:	$2,099,125	$2,146,600
Median Sales Price:	$2,159,000	$1,705,000
Average % Sold vs List Price:	107%	105%
Average DOM of Closed Sales	9	20
Average $/Sq Foot (Sold)	$1,107	$1,091
No. of New Listings:	8	8
Total # of Active Listings:	19	19
Average Price of Active Listings:	$2,510,941	$2,430,579
Average DOM of Active Listings:	21	21
Average $/Sq Foot (List)	$1,089	$1,105
Total # of Homes Pending Sale:	25	29
Active-Pending Ratio:	0.76 : 1	0.66 : 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)
287 Chestnut Street (3BR/2BA)	$2,600,000	$1,998,500	+$600,500 (+30.0%)	$1,436	10
155 Normandy Court (4BR/2.5BA)	$2,525,000	$2,700,000	-$175,000 (-6.5%)	$964	12
870 Cabot Court (3BR/2.5BA)	$2,420,000	$2,289,000	+$131,000 (+5.7%)	$996	6
2780 Bromley Drive (5BR/3BA)	$2,198,000	$2,198,000	$0 (0%)	$901	9
209 Highland Drive (4BR/3.5BA)	$2,120,000	$1,995,000	+$125,000 (+6.3%)	$1,004	5
1368 Cordilleras Avenue (3BR/2BA)	$1,925,000	$1,895,000	+$30,000 (+6.3%)	$1,100	14
1011 Lupin Way (3BR/1.5BA)	$1,575,000	1,500,000	+$75,000 (+6.3%)	$1,212	12
959 Alameda de las Pulgas (3BR/1BA)	$1,430,000	$1,298,000	+$132,000 (+10.2%)	$1,243	7

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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
117 Crestview Drive	12	$2,385,000
1012 Sylvan Drive	7	$1,695,000
1379 Chestnut Street	9	$1,398,000
815 Sunset Drive	12	$1,695,000
1525 Brittan Avenue	7	$1,488,000
35 Hilltop Drive	38	$2,670,000

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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
1372 Rosewood Avenue	$2,828,000	4BR/3.5BA	2,530/4,920	Robert Bredel, dwell
2713 Clifford Avenue	$2,790,000	3BR/3BA	2,820/13,068	Guy Chanda, Chanda Properties
256 Garnet Avenue	$1,998,000	3BR/2.5BA	1,694/5,000	Chuck Gillooley, Compass
72 Wessex Way	$1,949,888	4BR/3.5BA	2,280/7,314	David Blewett, Intero
2501 Melendy Drive	$1,895,000	4BR/2BA	1,850/6,936	Janay Michaud, Heritage Realty
1725 Brittan Avenue	$2,198,000	4BR/3BA	1,913/6,480	Alison Williams, dwell

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