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