The San Carlos Real Estate Week in Review: 6/3/2019.
June 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:
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||$1,119|
|Total # of Homes Pending Sale:||20||17|
|Active-Pending Ratio:||1.2 : 1||1.3 : 1|
The San Carlos Open House Page.
If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.
San Carlos Single-Family Residences Sold:
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||$/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|
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|
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|
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
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)|
|1 Mayflower Lane||$1,548,000||$1,548,000||$0 (0%)||23|
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|
|1625 San Carlos Avenue #D||34||$1,468|
|438 Portofino Drive, #105||12||$1,188|
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|
|16 Tulip Lane||$1,788,000||3BR/2.5BA||2,510||Eddie Azzopardi, Compass|
|1001 Laurel Street #223||$1,198,000||3BR/3BA||1,494||David & Sunny, Compass|
|1001 Laurel Street #422||$1,149,000||2BR/2BA||1,138||Michael Haywood, Keller Williams|
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.