The San Carlos Real Estate Week in Review: 8/5/2019.

There were a couple of interesting nuggets from this week's sales data in San Carlos.   First, of the 9 homes that closed escrow this week, 4 of them sold for $3,000,000 or higher.  That's definitely an inordinate amount for this price range in just a single week.  The second interesting data point was that 4 of the 9 sales closed below the asking price. This is indicative of what happens during the slow summer months when fewer buyers are around to create competitive bidding situations.  June and July are generally the best buying environments for those who are willing to stick it out and look for a relatively good deal.

Vacations should be wrapping up over the next 10-14 days, since many schools are starting up in mid August.  Open houses were quite busy this weekend, indicating that people are starting to get back in town.

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 8/4/2019:

San Carlos SFR Data	8/4/19	Prior Week
Number of Closed Sales:	9	4
Average Sales Price:	$2,718,944	$1,586,250
Median Sales Price:	$2,700,000	$1,572,500
Average % Sold vs List Price:	100%	97%
Average DOM of Closed Sales	26	15
Average $/Sq Foot (Sold)	$1,038	$1,007
No. of New Listings:	3	2
Total # of Active Listings:	16	16
Average Price of Active Listings:	$2,252,618	$2,165,618
Average DOM of Active Listings:	43	38
Average $/Sq Foot (List)	$925	$954
Total # of Homes Pending Sale:	16	23
Active-Pending Ratio:	1 : 1	0.7 : 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)
1989 Carmelita Drive (5BR/4BA)	$3,890,000	$3,745,000	+$145,000 (+3.9%)	$1,025	15
2724 Eaton Avenue (5BR/4.5BA)	$3,700,000	$3,599,000	+$101,000 (+2.8%)	$1,054	18
125 Fairmont Avenue (5BR/3BA)	$3,325,000	$3,289,000	+$36,000 (+1.1%)	$1,116	6
136 Northam Avenue (4BR/3.5BA)	$3,180,000	$3,188,813	-$8,813 (-0.3%)	$859	13
35 Hilltop Drive (3BR/2BA)	$2,700,000	$2,870,000	-$170,000 (-5.9%)	$1,090	38
2713 Clifford Avenue (3BR/3BA)	$2,575,000	$2,790,000	-$215,000 (-7.7%)	$913	59
447 Hillcrest Road (3BR/2BA)	$1,850,000	$1,998,000	-$148,000 (-7.4%)	$709	64
45 Amber Court (3BR/2BA)	$1,800,500	$1,720,000	+$80,000 (+4.7%)	$1,084	11
146 Dale Avenue (3BR/1BA)	$1,450,500	$1,350,000	+$100,500 (+7.4%)	$1,495	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	List Price	DOM (days)
3391 Melendy Drive	$1,799,000	18
235 Pearl Avenue	$1,799,999	18

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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
11 Madera Avenue	$2,198,000	3BR/3.5BA	3,350/9,000	Brandon Kley, Peninsula Prime Realty
120 Brook Street	$2,088,000	3BR/2BA	1,870/8,400	Chuck Gillooley, Compass
1030 Drake Court	$1,965,000	3BR/2BA	1,640/12,000	David Macdonald, Broker

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

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