The San Carlos Real Estate Week in Review: 5/18/2020.

The Recap.

The activity in the San Carlos real estate market last week could probably be best characterized as “slow and steady”.  The inventory of single family homes for sale remained constant at 20, as the number of new listings were essentially matched by the number of homes that were put into contract.

The activity that leads up to listings — inspections, stagings, photography shoots, etc. — all are reporting dramatically increased activity, which indicates that more listings are primed to hit the market in the coming weeks.  This should be welcome news to home buyers as we slowly emerge from the shelter in place.  It feels like the spring real estate market is finally almost here, albeit 3 months late.

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 5/17/2020:

San Carlos SFR Data	5/17/20	Prior Week
Number of Closed Sales:	3	2
Average Sold Price:	$2,290,667	$1,616,000
Median Sold Price:	$1,949,000	$1,616,000
Average % Sold vs Orig List Price:	103%	108%
Average DOM of Closed Sales	–*	–*
Average $/Sq Foot (Sold)	$1,009	$1,268
Listings put into Contract:	5	2
Total Homes Pending Sale:	19	18
New Listings:	4	2
Total Active Listings:	20	20
Average Price of Active Listings:	$2,496,850	$2,452,350
Average DOM of Active Listings:	–*	–*
Average $/Sq Foot (List)	$1,022	$1,028

*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)
700 Best Court	$3,155,000	$2,998,000	+$157,000 (+5.2%)	$781	–*
327 Fairfield Drive	$1,949,000	$1,995,000	-$46,000 (-2.3%)	$1,169	–*
1 Maple Way	$1,768,000	$1,668,000	+$100,000 (+6.0%)	$1,078	–*

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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)
242 Park Avenue	$1,650,000	–*
1424 Elm Street	$1,788,000	–*
2428 San Carlos Avenue	$1,649,999	–*
269 Clifton Avenue	$2,500,000	–*
90 Cedar Street	$2,200,000	–*

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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
330 Park Avenue	$2,880,000	4BR/3BA	2,358/6,667	Joyce & Tatum, Dwell
98 Loma Road	$2,400,000	4BR/3BA	2,611/8,125	Alex Lehr, Lehr Real Estate
1532 Belmont Avenue	$1,898,000	3BR/2BA	1,700/5,537	Chet Lane, Berkshire Hathaway
49 Fay Avenue	$1,450,000	3BR/2BA	1,480/13,900	Brian Chancellor, Sereno Group

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