The San Carlos Real Estate Week in Review: 6/3/2019.

Welcome to June!  June is a month that marks the transition into “summer mode” for the real estate market. While homes certainly still sell during the month of June, there's always a noticeable drop in open house traffic and sales activity since buyers are now being pulled in multiple directions.  Weddings, graduations, and vacations now compete for the attention of house hunters, so it seems as if there are fewer buyers in the market. If you're a patient buyer, June and July are great months to shop for homes because of this seasonal pause in the market.

San Carlos enters the month of June with 23 homes for sale, just slightly higher than last week, and there are 7 new listing for buyers to consider. Buying conditions remain favorable, as home mortgage interest rates have actually dropped somewhat in the past two weeks due to concerns about a slowing economy.

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 6/2/2019:

San Carlos SFR Data	6/2/19	Prior Week
Number of Closed Sales:	3	7
Average Sales Price:	$1,836,667	$1,756,857
Median Sales Price:	$1,560,000	$1,808,000
Average % Sold vs List Price:	115%	108%
Average DOM of Closed Sales	10	9
Average $/Sq Foot (Sold)	$1,051	$1,209
No. of New Listings:	7	4
Total # of Active Listings:	23	22
Average Price of Active Listings:	$2,267,891	$2,272,341
Average DOM of Active Listings:	16	18
Average $/Sq Foot (List)	$1,087	$1,119
Total # of Homes Pending Sale:	20	17
Active-Pending Ratio:	1.2 : 1	1.3 : 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)
117 Crestview Drive (4BR/3BA)	$2,450,000	$2,385,000	+$65,000 (+2.7%)	$984	12
1379 Chestnut Street (2BR/2BA)	$1,560,000	$1,398,000	+$162,000 (+11.6%)	$1,238	9
130 Club Drive (2BR/3BA)	$1,500,000	$1,149,950	+$350,050 (+30.4%)	$932	10

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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
14 Cottage Lane	8	$1,445,000
195 Exeter Avenue	103	$3,799,000
1372 Rosewood Avenue	25	$2,828,000
222 Rockridge Road	10	$2,298,000
929 Rosewood Avenue	12	$2,998,000
381 Old County Road	14	$1,098,000

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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
147 Oakley Avenue	$3,650,000	5BR/4.5BA	4,650/10,541	David Young, Coldwell Banker
125 Northam Avenue	$3,050,000	5BR/4.5BA	4,260/5,600	Laura Bertolacci, Dwell
791 Crestview Drive	$2,495,000	4BR/3BA	2,715/10,179	Nancy Palmer, Compass
1094 Hewitt Drive	$2,350,000	4BR/3BA	2,112/9,000	Benjamin Pittenger, Reali
34 Cedar Street	$1,898,000	3BR/1.5BA	1,220/7,450	Liliane Cools, Compass
1520 School Street	$1,795,000	3BR/2.5BA	1,680/6,600	Rebecca & Karen, Intero
1071 Lupin Way	$1,498,000	3BR/1BA	1,220/7,450	Robert Bredel, Dwell

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