The San Carlos Real Estate Week in Review: 1/27/2020.
January 28, 2020
Inventory continues to remain low in San Carlos as we head into the final week of January. As of this morning, there are only 10 single-family homes for sale in San Carlos. The lack of fresh inventory continues to frustrate buyers who are hoping for some additional choices, as is evident with how quickly some of the newer listings have been selling.
For the first time in quite a few years, the Super Bowl will have a significant impact on the local real estate market, since many sellers believe that waiting until after the game to list a home is a sound strategy, especially when the home team is playing. Let's wait to see if there's an uptick in inventory after the Niners win next weekend.
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 1/26/2020:
|San Carlos SFR Data||1/26/20||Prior Week|
|Number of Closed Sales:||3||3|
|Average Sales Price:||$2,308,333||$1,766,667|
|Median Sales Price:||$2,312,500||$1,750,000|
|Average % Sold vs List Price:||112%||110%|
|Average DOM of Closed Sales||22||3|
|Average $/Sq Foot (Sold)||$986||$1,325|
|No. of New Listings:||2||4|
|Total # of Active Listings:||10||9|
|Average Price of Active Listings:||$2,697,189||$2,830,210|
|Average DOM of Active Listings:||62||63|
|Average $/Sq Foot (List)||$1,025||$1,073|
|Total # of Homes Pending Sale:||3||4|
|Active-Pending Ratio:||3.3 : 1||2.3 : 1|
The San Carlos Open House Page.
If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.
San Carlos Single-Family Residences Sold:
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||$/Sq Foot||DOM (days)|
|2209 Carmelita Drive (off-MLS)||$2,937,500||$2,937,500||$0 (0%)||$1,150||0|
|192 Coronado Avenue||$2,312,500||$2,400,000||-$401,000 (-3.6%)||$1,117||62|
|15 Highland Avenue||$1,675,000||$1,200,000||+$475,000 (+39.6%)||$689||4|
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)|
|2029 Cedar Street||$1,898,000||7|
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|
|3387 Melendy Drive||$2,200,000||4BR/2.5BA||2,470/7,480||Tim Gilmartin, Gilmartin Group|
|928 Holly Street||$1,198,000||2BR/2BA||1,520/5,290||Dan Gilmartin, Gilmartin Group|
(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)|
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)|
|3378 Brittan Avenue #9||$1,050,000||10|
|9 Marigold Lane||$1,698,888||30|
|1 Elm Street #102||$968,888||17|
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|
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.