The San Carlos Real Estate Week in Review: 3/9/2020.
March 9, 2020
The Recap.
Despite decent sales activity in the local market, the inventory needle barely moved in San Carlos. There are still only 14 homes for sale in the entire city, which is slightly lower than last week. This is keeping the competition, and consequently the pricing, high for those listings that have the “right stuff”. The home at 1939 Eucalyptus Avenue is a prime example of this. Last week it sold for a whopping $511,000 over the asking price after reportedly getting nearly a dozen offers.
And yet there are at least six homes that have been languishing on the market for a month or longer. This is an interesting paradox that we'll discuss in more detail later this week.
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 3/8/2020:
| San Carlos SFR Data | 3/8/20 | Prior Week |
|---|---|---|
| Number of Closed Sales: | 6 | 4 |
| Average Sales Price: | $2,357,667 | $1,984,500 |
| Median Sales Price: | $2,335,000 | $1,831,500 |
| Average % Sold vs List Price: | 109% | 109% |
| Average DOM of Closed Sales | 12 | 6 |
| Average $/Sq Foot (Sold) | $1,137 | $1,121 |
| No. of New Listings: | 4 | 4 |
| Total # of Active Listings: | 14 | 15 |
| Average Price of Active Listings: | $2,410,555 | $2,401,518 |
| Average DOM of Active Listings: | 58 | 41 |
| Average $/Sq Foot (List) | $1,002 | $1,086 |
| Total # of Homes Pending Sale: | 13 | 14 |
| Active-Pending Ratio: | 1.1 : 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.
55 Pine Avenue
| Address | Sold Price | Orig. List | Difference | $/Sq Foot | DOM (days) |
|---|---|---|---|---|---|
| 662 Dartmouth Avenue | $3,250,000 | $3,398,000 | -$148,000 (-4.4%) | $875 | 17 |
| 250 Oakview Drive | $3,000,000 | $3,000,000 | $0 (0%) | $1,205 | 26 |
| 1939 Eucalyptus Avenue | $2,450,000 | $1,939,000 | +$511,000 (+26.3%) | $1,526 | 9 |
| 55 Pine Avenue | $2,220,000 | $1,988,000 | +$232,000 (+11.7%) | $1,168 | 7 |
| 111 Winding Way | $1,876,000 | $1,700,000 | +$176,000 (+10.4%) | $1,158 | 4 |
| 928 Holly Street | $1,350,000 | $1,198,000 | +$152,000 (+12.7%) | $888 | 7 |
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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) |
|---|---|---|
| 453 Clifton Avenue | $1,888,000 | 12 |
| 742 Dartmouth Avenue | $2,298,000 | 13 |
| 1525 Greenwood Avenue | $1,429,000 | 7 |
| 2648 Howard Avenue | $1,795,000 | 16 |
| 1929 Cedar Street | $1,750,000 | 29 |
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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:
188 Winding Way
| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
|---|---|---|---|---|
| 188 Winding Way | $1,898,000 | 4BR/2.5BA | 2,080/7,000 | Debbie Wilhelm, Coldwell Banker |
| 250 Devonshire Boulevard | $1,898,000 | 3BR/2BA | 2,070/15,000 | John Shroyer, Golden Gate Sothebys |
| 3121 Melendy Drive | $1,828,000 | 3BR/2BA | 1,890/9,350 | Vandervort Group, Veritas Homes |
| 2624 San Carlos Avenue | $1,325,000 | 2BR/1BA | 1,020/7,000 | Andrea Schultz, Compass |
(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) |
|---|---|---|---|---|
| 4 Geranium Lane (Off Market) | $1,800,000 | $1,800,000 | $0 (0%) | 0 |
| 3378 Brittan Avenue #9 | $1,020,000 | $1,050,000 | -$30,000 (-2.9%) | 10 |
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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) |
|---|---|---|
| 3325 Brittan Avenue #6 | $968,000 | 25 |
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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 |
|---|---|---|---|---|
| 8 Trillium Lane | $1,500,000 | 3BR/2.5BA | 1,709 | Alex Lehr, Lehr Real Estate |
| 3319 La Mesa Drive #4 | $999,000 | 2BR/2BA | 1,040 | Janet Davis, Hometown Realty |
| 3388 Brittan Avenue #6 | $975,000 | 2BR/2BA | 1,040 | Chuck Gillooley, Compass |
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.
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