The San Carlos Real Estate Week in Review: 3/30/2020.

The Recap.

The local real estate market is now dormant in the wake of the existing shelter in place order, and it was just announced this morning that this County-wide order has been extended through April 30.  In addition, the local MLS board has decided to freeze the days-on-market (DOM) count for all home listings that are still active on the MLS.  This obviously directly impacts the relevance of the data that is normally presented in the Real Estate Week in Review, so unfortunately this will be the last weekly recap until the real estate market resumes something of a normal function again.  For everyone's sake, let's hope that is sooner rather than later.

I will continue to post updates on the local market, and some insight on what you can expect when in our local real estate market when the economy switches back on again.  Stay healthy, everyone!

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 3/29/2020:

San Carlos SFR Data	3/29/20	Prior Week
Number of Closed Sales:	3	4
Average Sales Price:	$2,351,667	$2,215,722
Median Sales Price:	$2,155,000	$1,981,000
Average % Sold vs List Price:	100%	95%
Average DOM of Closed Sales	9	47
Average $/Sq Foot (Sold)	$1,127	$1,243
No. of New Listings:	0	3
Total # of Active Listings:	8	11
Average Price of Active Listings:	$2,531,875	$2,524,455
Average DOM of Active Listings:	58	54
Average $/Sq Foot (List)	$981	$996
Total # of Homes Pending Sale:	12	11
Active-Pending Ratio:	0.75 : 1	1.0 : 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)
1481 Crestview Drive	$2,800,000	$2,700,000	+$100,000 (+3.7%)	$949	3
321 Wellington Drive (off market)	$2,155,000	$2,1550,000	$0 (0%)	$1,171	0
105 Manor Drive	$2,100,000	$2,198,000	-$98,000 (-4.5%)	$1,262	23

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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)
1326 Crestview Drive	$2,798,000	61

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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
—	$–	—	—	—

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