The San Carlos Real Estate Week in Review: 5/13/2019.

Listing activity slowed quite a bit last week in San Carlos, and it had a noticeable impact on the available inventory of homes for sale.  Only 3 new listings hit the market last week, while twice as many went into contract during the same period.  That disparity pulled an already lean inventory down even further, with only 15 homes for sale in all of San Carlos as of this morning. That's an incredibly low number for what is supposed to be the peak of the Spring selling season.

The Memorial Day holiday break is only two weeks away — it will be interesting to see how strong the Spring market ends as we head into the month of June.

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 5/12/2019:

San Carlos SFR Data	5/12/19	Prior Week
Number of Closed Sales:	7	8
Average Sales Price:	$2,413,307	$2,099,125
Median Sales Price:	$2,180,000	$2,159,000
Average % Sold vs List Price:	109%	107%
Average DOM of Closed Sales	20	9
Average $/Sq Foot (Sold)	$1,110	$1,107
No. of New Listings:	3	8
Total # of Active Listings:	15	19
Average Price of Active Listings:	$2,517,533	$2,510,941
Average DOM of Active Listings:	22	21
Average $/Sq Foot (List)	$1,130	$1,089
Total # of Homes Pending Sale:	24	25
Active-Pending Ratio:	0.68 : 1	0.76 : 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)
594 Club Drive (6BR/4.5BA)	$3,995,000	$3,950,000	+$45,000 (+4.3%)	$1,092	7
143 Beverly Drive (4BR/3.5BA)	$3,620,000	$3,298,000	+$322,000 (+9.8%)	$1,089	7
1729 Cedar Street (3BR/2BA)	$2,265,000	$1,875,000	+$390,000 (+20.1%)	$1,480	8
35 Granite Court (4BR/2.5BA)	$2,180,000	$2,298,000	-$118,000 (-5.1%)	$771	31
2075 Saint Francis Way (3BR/1BA)	$1,748,150	$1,585,000	+$163,150 (+10.3%)	$1,099	14
1023 McCue Avenue (3BR/1BA)	$1,650,000	$1,298,000	+$352,000 (+27.1%)	$1,241	14
2721 Clifford Avenue (2BR/1BA)	$1,435,000	$1,499,000	-$64,000 (-4.3%)	$997	21

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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
60 Hartford Avenue	11	$2,180,000
3024 Melendy Drive	7	$1,850,000
100 Gateway Court	17	$2,950,000
860 Cabot Court	24	$2,850,000
2921 Brittan Avenue	30	$1,700,000
72 Wessex Way	8	$1,949,888

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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
447 Hillcrest Road	$1,998,000	3BR/2BA	2,610/5,800	The Drefyus Group
1477 Walnut Street	$1,998,000	3BR/2.5BA	1,816/5,500	Michael Warren, Compass
1159 Alameda de las Pulgas	$1,895,000	3BR/2BA	1,790/5,920	Christine Macdonald

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