The San Carlos Real Estate Week in Review: 9/23/2019.

Summer is officially over, and Fall is now upon us!  Listing activity was brisk last week in San Carlos, with 8 new listings hitting the market. But buyers were just as busy, taking 8 homes into contract during the same period.  The net result was that the inventory of single-family homes for sale in San Carlos remained unchanged at 24.  It's worth noting that 7 of the 8 homes that went into contract were on the market less than two weeks, which is a good indication that buyers are back in the game and buying decisively.

Even the condo/townhouse market is seeing an uptick in listing activity as more of the Wheeler Plaza condos start to list.  As of this morning, there are 15 active condo or town house listings in San Carlos, which is a much higher number than what we are normally accustomed to.

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 9/22/2019:

San Carlos SFR Data	9/22/19	Prior Week
Number of Closed Sales:	5	7
Average Sales Price:	$1,915,600	$1,768,143
Median Sales Price:	$1,860,000	$1,650,000
Average % Sold vs List Price:	103%	107%
Average DOM of Closed Sales	15	9
Average $/Sq Foot (Sold)	$962	$1,179
No. of New Listings:	8	6
Total # of Active Listings:	24	24
Average Price of Active Listings:	$2,238,290	$1,974,415
Average DOM of Active Listings:	28	33
Average $/Sq Foot (List)	$977	$1,065
Total # of Homes Pending Sale:	20	19
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.

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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)
47 Bay View Drive	$2,188,000	$2,188,000	$0 (0%)	$653	18
1311 Eaton Avenue	$2,100,000	$1,788,888	+$311,112 (+17.4%)	$857	12
9 Vine Street	$1,860,000	$1,798,000	+$62,000 (+3.4%)	$1,149	16
412 Sycamore Street	$1,730,000	$1,698,000	+$32,000 (+1.9%)	$1,069	11
235 Pearl Avenue	$1,700,000	$1,799,999	-$99,999 (-5.6%)	$1,083	18

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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)
240 Windsor Drive	$1,968,000	20
1054 Cedar Street	$1,300,000	9
1041 Walnut Street	$1,330,000	10
131 Rockridge Road	$1,675,000	14
931 McCue Avenue	$1,198,000	13
170 Rockridge Road	$1,298,000	8
1526 Gover Lane	$1,899,500	6
1719 Walnut Street	$1,595,000	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
313 Oakview Drive	$3,995,000	4BR/4.5BA	4,212/7,800	Christine Rosenfeld, Compass
2139 Greenwood Avenue	$2,995,000	4BR/2.5BA	2,334/9,380	Mariana Pappalardo, Today Sothebys
100 Coventry Court	$2,498,000	4BR/3BA	2,800/10,019	Vandervort Group
881 Bauer Drive	$2,198,000	4BR/3BA	3,200/13,500	Michelle Glaubert, Coldwell Banker
2940 Sherwood Drive	$1,850,000	3BR/2BA	2,020/7,650	Teri Shaughnessy, dwell
1561 Greenwood Avenue	$1,799,000	3BR/2BA	1,640/5,080	Mariana Pappalardo, Today Sothebys
35 Williams Lane	$1,750,000	3BR/2BA	1,440/7,488	Heidi McIrvin, Better Homes
1455 Magnolia Avenue	$1,735,000	3BR/2BA	1,740/5,225	Laura Bertolacci, dwell

(Click the “Homes For Sale” sign below to see ALL of the homes currently 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)
1432 San Carlos Avenue #4	$1,000,000	$1,089,000	-$89,000 (-8.2%)	40

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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)
6 Azalea Lane	$1,580,000	10
633 Elm Street #109	$1,125,000	8
3366 La Mesa Drive #10	$998,000	14

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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
777 Elm Street #C	$1,538,000	2BR/2.5BA	1,600	Victor Spicer, Keller Williams
520 El Camino Real #308	$1,499,000	2BR/2BA	1,421	Tina Qi, CalRes Realty
416 Portofino Drive #303	$1,050,000	2BR/2.5BA	1,250	Janie Barman, Compass
520 El Camino Real #202	$999,998	2BR/2BA	920	Tina Qi, CalRes Realty
618 Walnut Street #307	$859,000	1BR/1BA	774	Yelena Lepina, Intero

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.