The San Carlos Real Estate Week in Review: 3/23/2020.
March 23, 2020
Happy first week of Spring! We are now a full week into the mandatory Bay Area shelter-in-place order, and the effect on the local real estate market has been crippling, to say the least. All open houses and property showings have been deemed “non-essential” activities by the State of California, which essentially makes the act of buying and selling homes impossible, unless agents ope to circumvent the ordinance (which is still happening with surprising frequency.)
The inventory of homes in San Carlos dropped significantly last week, but not because that many homes were put into contract. Quite a few sellers have opted to withdraw their homes from the market for the duration of the shutdown since they can't legally be shown to buyers, and there's no value in racking up the days on the market.
Most of the statistics that you see in this weekly post will likely dwindle to a trickle this week, as only the homes that were in escrow before the shutdown took effect can proceed forward. Consequently, the Week in Review series may take a short hiatus (the first in 13 years!) until there are meaningful stats to report again.
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 3/22/2020:
|San Carlos SFR Data||3/22/20||Prior Week|
|Number of Closed Sales:||4||5|
|Average Sales Price:||$2,215,722 (-11.3%)||$2,499,400|
|Median Sales Price:||$1,981,000 (-18.2%)||$2,422,000|
|Average % Sold vs List Price:||95%||98%|
|Average DOM of Closed Sales||47||10|
|Average $/Sq Foot (Sold)||$1,243 (+21.6%)||$1,022|
|No. of New Listings:||3||5|
|Total # of Active Listings:||11||16|
|Average Price of Active Listings:||$2,524,455 (+1.5%)||$2,486,611|
|Average DOM of Active Listings:||54||55|
|Average $/Sq Foot (List)||$996||$1,006|
|Total # of Homes Pending Sale:||11||11|
|Active-Pending Ratio:||1.0 : 1||1.5 : 1|
The San Carlos Open House Page.
If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.
San Carlos Single-Family Residences Sold:
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||$/Sq Foot||DOM (days)|
|200 Sycamore Street||$3,200,888||$3,298,888||-$98,000 (-3.0%)||$1,127||58|
|845 Somerset Court||$2,112,000||$2,590,000||-$478,000 (-18.5%)||$1,265||112|
|19 Garden Lane||$1,850,000||$1,850,000||$0 (0%)||$1,331||10|
|539 Hillcrest Road||$1,700,000||$1,650,000||+$50,000 (+3.0%)||$1,250||6|
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)|
|200 Sycamore Street||$3,298,888||58|
|287 Alberta Avenue||$1,798,000||6|
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|
|164 Mesa Verde Way||$3,250,000||4BR/3BA||3,120/11,480||Robert Applegate, Intero|
|147 Wildwood Avenue||$2,200,000||3BR/2BA||1,710/5,715||Scott Orich, Flyhomes|
|1250 Central Avenue||$1,769,000||3BR/2BA||1,490/5,500||Eric Berggren, Coldwell Banker|
(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)|
|11 Mayflower Lane #242 (Off market)||$1,695,000||$1,675,000||+$20,000 (+1.2%)||0|
|4 Pyrola Lane||$1,513,000||$1,398,000||+$115,000 (+8.2%)||10|
|402 Portofino Drive #3||$1,200,000||$1,098,000||+$102,000 (+9.3%)||11|
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)|
|1 Pyxie Lane||$1,598,000||7|
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.