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

September 23, 2019

Fall

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.

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.

47 Bay View Drive

47 Bay View Drive

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.

2139 Greenwood Avenue

2139 Greenwood Avenue

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.)

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)
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.

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