The San Carlos Real Estate Week in Review: 4/13/2020.

April 13, 2020

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The Recap.

It was somewhat surprising to see 5 new listings hit the market last week in San Carlos when you consider the various restrictions that are in place that make showing a home very difficult.  That pushed the number of homes on the MLS up to 15, with probably a similar number on the sidelines as withdrawn or coming soon listings that will be released back to the market when the shelter in place is lifted.   It's pretty certain that there will be a sizable wave of inventory that will hit the market simultaneously once the market switches back on.

Showing properties is not impossible in this market, but the number of precautionary steps that must be taken before entering a listing are significant, and some houses simply cannot be shown at all (i.e. owner-occupied.)  I'm happy to answer any questions you might have on this, since it seems like the regulations have been constantly changing.

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 4/12/2020:

San Carlos SFR Data 4/12/20 Prior Week
Number of Closed Sales: 3 6
Average Sales Price: $1,977,667 $2,060,333
Median Sales Price: $2,108 $2,057,500
Average % Sold vs List Price: 103% 106%
Average DOM of Closed Sales 5 12
Average $/Sq Foot (Sold) $1,218 $1,230
No. of New Listings: 5 2
Total # of Active Listings: 15 10
Average Price of Active Listings: $2,403,467 $2,524,800
Average DOM of Active Listings: –* –*
Average $/Sq Foot (List) $997 $978
Total # of Homes Pending Sale: 5 6
Active-Pending Ratio: 3.0 : 1 1.7 : 1

*DOM figures are frozen until SIP is lifted.

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 Open House List

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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.

250 Devonshire Boulevard

250 Devonshire Boulevard

Address Sold Price Orig. List Difference $/Sq Foot DOM (days)
2432 Melendy Drive (off-market) $2,500,000 $2,525,000 -$25,000 (-1.0%) $1,337 0
250 Devonshire Boulevard $2,108,000 $1,898,000 +$210,000 (+11.1%) $1,018 6
2624 San Carlos Avenue $1,325,000 $1,325,000 $0 (0%) $1,299 9

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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)
2648 San Carlos Avenue $1,298,000

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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:

1533 Edmond Drive

1533 Edmond Drive

Address List Price BR/BA Sq Ft (home/lot) Listed By
315 Hosmer Court $2,248,000 4BR/2BA 2,030/28,614 Amanda Elhassan, Keller Williams
1533 Edmond Drive $2,248,000 4BR/2.5BA 2,950/11,153 Gilson Team, Golden Gate Sothebys
142 Oakview Drive $1,695,000 3BR/2BA 1,500/3,960 John King, Keller Williams
1 Maple Way $1,668,000 3BR/2BA 1,640/5,100 Quirina Buchwald, Coldwell Banker
2648 San Carlos Avenue $1,298,000 3BR/1BA 1,110/7,000 David Tapper, Coldwell Banker

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

Homes 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)
1 Pyxie Lane $1,600,000 $1,598,000 +$2,000 (+0.1%) 7

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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)
 — $–

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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
$–

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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