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

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  That pushed the number of homes on the MLS up to 15, with probably a similar number on the sidelines as withdrawn or coming soon listings that will be released back to the market when the shelter in place is lifted.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 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)
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

__________________________________________________________________

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	—

____________________________________________________________________

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
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

____________________________________________________________________