The San Carlos Real Estate Week in Review: 7/8/2019.

The 4th of July holiday is over and we're now starting the dog days of Summer in the San Carlos real estate market. July is not one of the stronger months of the year for real estate activity in San Carlos, simply because so many people are on vacation for a good portion of the month (if not the entire month!)  Nonetheless, buyers are still out looking and making purchases, and there are more listings that are teed up the hit the market this month.

Despite the abbreviated holiday week, seven homes were put into contract last week, which pulled the inventory of homes for sale in San Carlos back down to 20.  Homes that closed escrow this week fetched only 2% above the asking price on average, which is representative of where our market is compared to last year.  This is a topic that I will dive into more deeply this week on the site, as we take a mid-year look at our 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 7/7/2019:

San Carlos SFR Data	7/7/19	Prior Week
Number of Closed Sales:	8	4
Average Sales Price:	$2,109,375	$2,368,750
Median Sales Price:	$1,837,500	$2,325,000
Average % Sold vs List Price:	102%	105%
Average DOM of Closed Sales	15	13
Average $/Sq Foot (Sold)	$1,180	$1,128
No. of New Listings:	1	1
Total # of Active Listings:	20	26
Average Price of Active Listings:	$2,248,650	$2,299,457
Average DOM of Active Listings:	36	27
Average $/Sq Foot (List)	$983	$1,023
Total # of Homes Pending Sale:	30	30
Active-Pending Ratio:	0.67 : 1	0.87 : 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)
1020 Orange Avenue (5BR/3.5BA)	$3,400,000	$2,399,000	+$1,000 (+0.0%)	$1012	9
525 Vista Avenue (4BR/3.5BA)	$2,950,000	$3,295,000	-$345,000 (-10.5%)	$878	47
222 Rockridge Road (3BR/2BA)	$2,400,000	$2,298,000	+$102,000 (+4.4%)	$952	10
1405 Cordilleras Avenue (2BR/1BA)	$1,850,000	$1,850,000	$0 (0%)	$1,529	0
227 Edgehill Drive (3BR/2BA)	$1,825,000	$1,699,000	+$126,000 (+7.4%)	$1,393	11
19 Willow Glen Way (3BR/2BA)	$1,700,000	$1,680,000	+$20,000 (+1.2%)	$1,206	22
1967 White Oak Way (3BR/1.5BA)	$1,650,000	$1,450,000	+$200,000 (+13.8%)	$1,130	7
381 Old County Road (2BR/1BA)	$1,100,000	$1,098,000	+$2,000 (+0.2%)	$1,341	16

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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	List Price	DOM (days)
1989 Carmelita Drive	$3,745,000	15
2713 Clifford Avenue	$2,499,000	59
1408 Cordilleras Avenue	$2,248,000	16
2724 Eaton Avenue	$3,599,000	18
45 Amber Court	$1,720,000	11
146 Dale Avenue	$1,350,000	10
1730 Elm Street	$1,650,000	7

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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
174 Fleetwood Drive	$2,388,000	4BR/2.5BA	2,650/10,000	Louis Carlos, Coldwell Banker

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