The San Carlos Real Estate Week in Review: 11/18/2019.
November 18, 2019
The drop-off in activity in the San Carlos real estate market was quite noticeable last week, as there were no new listings to hit the MLS and none of the active listings went into contract. It's not very often that that happens in San Carlos, but if it does it's usually in the months of November or December, as the activity slows down due to the holidays. There are a few single-family listings that are expecting to take offers this week, so perhaps the activity will pick up somewhat in the last week before the Thanksgiving break.
Single-family home prices faced some challenges last week. Of the five homes that closed, not a single one sold over its asking price and two of them took 6-figure discounts to get into contract. This trend has been intensifying over the past 3-4 weeks, and is consistent with what is happening in surrounding communities on the Peninsula.
Here are the sales numbers from last week:
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 11/17/2019:
|San Carlos SFR Data||11/17/19||Prior Week|
|Number of Closed Sales:||5||11|
|Average Sales Price:||$2,981,000||$1,986,182|
|Median Sales Price:||$2,720,000||$1,850,000|
|Average % Sold vs List Price:||95%||100%|
|Average DOM of Closed Sales||19||28|
|Average $/Sq Foot (Sold)||$963||$1,028|
|No. of New Listings:||0||7|
|Total # of Active Listings:||17||19|
|Average Price of Active Listings:||$2,227,669||$2,227,669|
|Average DOM of Active Listings:||32||26|
|Average $/Sq Foot (List)||$1,018||$1,010|
|Total # of Homes Pending Sale:||14||17|
|Active-Pending Ratio:||1.2 : 1||1.1 : 1|
The San Carlos Open House Page.
If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.
San Carlos Single-Family Residences Sold:
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||$/Sq Foot||DOM (days)|
|2054 Saint Francis Way||$4,035,000||$4,035,000||$0 (0%)||$994||0|
|313 Oakview Drive||$3,850,000||$3,995,000||-$145,000 (-3.6%)||$914||20|
|1338 Arroyo Avenue||$2,720,000||$2,720,000||$0 (0%)||$1,106||0|
|340 Devonshire Boulevard||$2,350,000||$3,049,000||-$699,000 (-22.9%)
|1249 Greenbrier Road||$2,350,000||$3,049,000||-$15,000 (-0.8%)
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 photos5
|Address||List Price||DOM (days)|
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|
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
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)|
|1 Chicory Lane #106||$1,450,000||$1,398,000||+$52,000 (+3.7%)||13|
|1113 Royal Lane||$1,350,000||$1,799,999||-$449,999 (-25.0%)||13|
|618 Walnut Street #307||$825,000||$859,000||-$34,000 (-4.0%)||27|
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)|
|2987 Melendy Drive #4||$1,175,000||18|
|1001 Laurel Street #112||$1,070,000||46|
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|
|633 Elm Street #113||$912,000||1BR/1BA||733||David Osbaldeston, Oz Realty|
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.