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

July 8, 2019

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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.

San Carlos Open House List

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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.

1020 Orange Avenue

1020 Orange Avenue

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.

174 Fleetwood Drive

174 Fleetwood Drive

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

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

Homes for Sale in San Carlos

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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)
1001 Laurel Street #223 $1,315,000 $1,198,000 +$117,000 (+9.8%) 8

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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 List Price DOM (days)
17 Pyrola Lane $1,488,000 8

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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
3334 Brittan Avenue #15 $999,000 2BR/2BA 1,040 Kelly Radetich, Today Sothebys

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.

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