The San Carlos Real Estate Week in Review: 11/18/2019.

The Recap.

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:

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 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.

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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)
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%)	$693	62
1249 Greenbrier Road	$2,350,000	$3,049,000	-$15,000 (-0.8%)	$1,108	12

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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 photos5

Address	List Price	DOM (days)
—	$–	—

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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
—	$–	–/–	–/–	—

(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)
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

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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)
2987 Melendy Drive #4	$1,175,000	18
1001 Laurel Street #112	$1,070,000	46

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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
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.