The San Carlos Real Estate Week in Review: 8/12/2019.

August 12, 2019

WIR

It's noteworthy that the prices on three of the five homes that closed this week were actually below their respective list prices, which underscores the peril to sellers of listing homes during the summer months.  It's simply tougher to stir up the desired excitement for a listing when a significant chunk of the buyer pool is disconnected.

However, the sales activity in the San Carlos real estate market is definitely starting to emerge from the Summer holiday slumber. Open houses have been well attended over the past two weekends, and more listings are starting to hit the market as the start of the 2019-20 school year is just around the corner.  Interest rates are once again incredibly low, so buyers couldn't ask for better conditions to be actively looking in this market.

Here are the sales numbers from last week:

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 8/11/2019:

San Carlos SFR Data 8/11/19 Prior Week
Number of Closed Sales: 5 9
Average Sales Price: $2,434,200 $2,718,944
Median Sales Price: $2,236,000 $2,700,000
Average % Sold vs List Price: 97% 100%
Average DOM of Closed Sales 36 26
Average $/Sq Foot (Sold) $990 $1,038
No. of New Listings: 5 3
Total # of Active Listings: 18 16
Average Price of Active Listings: $2,260,049 $2,252,618
Average DOM of Active Listings: 38 43
Average $/Sq Foot (List) $969 $925
Total # of Homes Pending Sale: 15 16
Active-Pending Ratio: 1.2 : 1 1 : 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.

195 Exeter Avenue

195 Exeter Avenue

Address Sold Price Orig. List Difference $/Sq Foot DOM (days)
195 Exeter Avenue (5BR/7BA) $3,600,000 $4,298,000 -$698,000 (-16.2%) $774 103
1009 Elm Street (3BR/3BA) $2,750,000 $2,650,000 +$100,000 (+3.8%) $1,046 2
1408 Cordilleras Avenue (4BR/2BA) $2,236,000 $2,248,000 -$12,000 (-0.5%) $994 16
1411 Crestview Drive (3BR/2BA) $1,900,000 $1,998,000 -$98,000 (-4.9%) $776 54
1730 Elm Street (2BR/1BA) $1,685,000 $1,650,000 +$35,000 (+2.1%) $1,359 7

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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)
30 Hilltop Drive $1,650,000 53
300 Chestnut Street $2,195,000 55
47 Bay View Drive $2,195,000 14

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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.

1705 Eaton Avenue

1705 Eaton Avenue

Address List Price BR/BA Sq Ft (home/lot) Listed By
1705 Eaton Avenue $3,449,000 5BR/4BA 2,727/8,759 Judy Citron, Compass
211 Baytree Road $1,850,000 3BR/2BA 1,870/7,380 Mariana Pappalardo, Today Sothebys
1385 Alameda de las Pulgas $1,825,000 4BR/2BA 1,935/5,500 Robert Bredel, dwell
2836 Brittan Avenue $1,800,000 4BR/3BA 2,210/10,500 Dan Ziony, Compass
9 Vine Street $1,798,000 3BR/2BA 1,619/6,760 Greg Stange, Compass

(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)
17 Pyrola Lane $1,520,000 $1,488,000 +$32,000 (+2.2%) 8
8 Geranium Lane $1,475,000 $1,498,000 -$23,000 (-1.5%) 8
3003 Melendy Drive #2 $1,085,000 $998,000 +$87,000 (+8.7%) 7

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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)
$–

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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
3374 Brittan Avenue #13 $1,325,000 3BR/2BA 1,239 Sean Clar, RE/MAX
3366 La Mesa Drive #1 $1,095,000 3BR/2BA 1,239 Chuck Cochran, Coldwell Banker

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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