The San Carlos Real Estate Week in Review: 5/11/2020.
May 11, 2020
The Recap.
The activity last week in the San Carlos real estate market was slow, even by shelter-in-place standards. Everything seemed to happen in 2's — two closed sales, two new listings, and two homes put into contract. Aside from it being a strange coincidence, it's just a low level of activity across the board for what is actually shaping up to be a resilient real estate market.
I fully expect that next week's report will reflect a significant uptick in activity as we start to emerge from what was a near total lock down. The newer listings are getting significant interest, and there should be additional homes to hit the market this week as well.
Here are the sales numbers from last week:
The Numbers.
This 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 5/10/2020:
San Carlos SFR Data | 5/10/20 | Prior Week |
---|---|---|
Number of Closed Sales: | 2 | 3 |
Average Sold Price: | $1,616,000 | $2,249,333 |
Median Sold Price: | $1,616,000 | $2,250,000 |
Average % Sold vs Orig List Price: | 108% | 100% |
Average DOM of Closed Sales | –* | –* |
Average $/Sq Foot (Sold) | $1,268 | $1,263 |
Listings put into Contract: | 2 | 6 |
Total Homes Pending Sale: | 18 | 16 |
New Listings: | 2 | 2 |
Total Active Listings: | 20 | 19 |
Average Price of Active Listings: | $2,452,350 | $2,386,684 |
Average DOM of Active Listings: | –* | –* |
Average $/Sq Foot (List) | $1,028 | $1,011 |
*DOM figures are frozen until SIP is lifted.
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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) |
---|---|---|---|---|---|
524 Emerald Avenue | $1,775,000 | $1,725,000 | +$50,000 (+2.9%) | $1,224 | –* |
2648 San Carlos Avenue | $1,457,000 | $1,298,000 | +$159,000 (+12.2%) | $1,313 | –* |
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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) |
---|---|---|
142 Oakview Drive | $1,695,000 | –* |
188 Winding Way | $1,750,000 | –* |
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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:
Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
---|---|---|---|---|
242 Park Avenue | $1,650,000 | 2BR/2BA | 1,190/4,400 | Grant Keeler, Golden Gate Sothebys |
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