The San Carlos Real Estate Week in Review: 12/9/2019.

The Recap.

With no new listings to hit the market in the past few weeks, the inventory of homes for sale in San Carlos has slowly dwindled as we approach the end of the year. As of this morning, there are only 11 single-family homes for sale in all of San Carlos.  This is not terribly surprising, given the time of the year and the relatively tepid activity in the market.

Barring any unforeseen statistical catastrophe in the final three weeks of the year, the San Carlos real estate market will once again post positive gains from the previous year. While this may not seem noteworthy after a decade of strong growth, numerous communities on the Peninsula will not be able to stake such a claim, as house pricing is definitely starting to level in the Bay Area.

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 11/24/2019:

San Carlos SFR Data	11/24/19	Prior Week
Number of Closed Sales:	5	4
Average Sales Price:	$2,445,100	$2,030,250
Median Sales Price:	$1,750,000	$1,785,500
Average % Sold vs List Price:	99%	101%
Average DOM of Closed Sales	22	25
Average $/Sq Foot (Sold)	$987	$1,055
No. of New Listings:	0	0
Total # of Active Listings:	11	14
Average Price of Active Listings:	$2,669,899	$2,616,278
Average DOM of Active Listings:	57	46
Average $/Sq Foot (List)	$1,015	$1,039
Total # of Homes Pending Sale:	13	14
Active-Pending Ratio:	0.8 : 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)
2120 Saint Francis Way (off market)	$3,650,000	$3,500,000	+$150,000 (+4.3%)	$1,078	0
149 Kelton Avenue (off market)	$3,560,000	$3,499,000	+$61,000 (+1.7%)	$1,127	0
2940 Sherwood Drive	$1,750,000	$1,850,000	-$100,000 (-5.4%)	$866	47
427 Wellington Avenue	$1,725,500	$1,696,900	+$28,600 (+1.7%)	$819	9
243 Windsor Drive	$1,540,000	$1,675,000	-$135,000 (-8.1%)	$1,048	52

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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)
967 McCue Avenue	$1,648,000	49
887 Elm Street	$2,735,000	10

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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
—	$–	–/–	–/–	—

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