The San Carlos Real Estate Week in Review: 1/20/2020.

January 20, 2020

The Recap.

Listing activity is slowly starting to pick up as we get into the latter half of January.  There were four new single family home listings in San Carlos, which essentially increased the available inventory by 50%, as these new listings complement the carry-over listings from the end of 2019. Even with the new listings, there are currently only 9 homes for sale in the entire city so we are certainly well below normal levels of inventory, even for this early in the year.

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 1/19/2020:

San Carlos SFR Data 1/19/20 Prior Week
Number of Closed Sales: 3 4
Average Sales Price: $1,766,667 $1,730,000
Median Sales Price: $1,750,000 $1,590,000
Average % Sold vs List Price: 110% 100%
Average DOM of Closed Sales 3 23
Average $/Sq Foot (Sold) $1,325 $1,142
No. of New Listings: 4 0
Total # of Active Listings: 9 6
Average Price of Active Listings: $2,830,210 $2,565,500
Average DOM of Active Listings: 63 98
Average $/Sq Foot (List) $1,073 $916
Total # of Homes Pending Sale: 4 2
Active-Pending Ratio: 2.3 : 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.

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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)
1830 Cedar Street (off-MLS) $2,000,000 $2,000,000 $0 (0%) $1,290 0
883 Cordilleras Avenue $1,750,000 $1,349,000 +$401,000 (+29.7%) $1,577 9
1573 Chestnut Street (off-MLS) $1,550,000 $1,550,000 $0 (0%) $1,107 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)
1661 Hull Drive $1,250,000 11
142 Exeter Avenue $1,998,000 66
15 Highland Avenue $1,200,000 4

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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
250 Oakview Drive $3,000,000 3BR/2.5BA 2,490/7,500 Camille Eder, Coldwell Banker
2029 Cedar Street $1,898,000 3BR/2BA 1,750/6,720 Leila Sisneros, Golden Gate Sothebys
105 Manor Drive $2,198,000 3BR/2BA 1,664/6,930 Brandon Kley, Peninsula Prime
15 Highland Avenue $1,200,000 4BR/2BA 2,430/4,840 Herb Schmulewicz, Keller Williams

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