The San Carlos Real Estate Week in Review: 1/6/2020.

The Recap.

Happy New Year to everyone!  I hope you had a wonderful holiday season, and are ready for a brand new decade of real estate!

The inventory level of homes for sale is at pretty much a bare-bones level as we start off the new year, but that is to be expected.  Look for the number of new listings to increase at a steady rate over the first few months of January as the early-bird sellers look to take advantage of the incredibly low inventory.

Despite the challenges that Bay Area real estate market faced in 2019, San Carlos managed to weather the storm very well in comparison to other Peninsula communities.  I will review the numbers in more detail later this week in the annual real estate wrap-up.

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 1/5/2020:

San Carlos SFR Data	1/5/20	Prior Week
Number of Closed Sales:	4	3
Average Sales Price:	$1,853,750	$1,750,000
Median Sales Price:	$1,640,000	$1,750,000
Average % Sold vs List Price:	101%	100%
Average DOM of Closed Sales	6	19
Average $/Sq Foot (Sold)	$1,209	$981
No. of New Listings:	1	0
Total # of Active Listings:	6	6
Average Price of Active Listings:	$2,605,500	$2,876,600
Average DOM of Active Listings:	92	103
Average $/Sq Foot (List)	$938	$945
Total # of Homes Pending Sale:	5	7
Active-Pending Ratio:	1.2 : 1	0.86 : 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)
887 Elm Street	$2,710,000	$2,735,000	-$25,000 (-0.9%)	$1,067	10
2072 Brittan Avenue	$1,600,000	$1,499,000	+$101,000 (+6.7%)	$1,185	12
322 Elm Street (off market)	$1,680,000	$1,680,000	$0 (0.0%)	$1,323	0
160 Cedar Street (off market)	$1,425,000	$1,425,000	$0 (0.0%)	$1,261	0

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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)
—	$–	—

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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
1661 Hull Drive	$1,250,000	3BR/2BA	1,380/5,400	David Young, Coldwell Banker

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