The San Carlos Real Estate Week in Review: 7/6/2020.

The Recap.

I hope everyone had fun and safe 4th of July weekend.  Home buyers once again took charge of the San Carlos real estate market last week, whittling down the inventory to half of what it was just two weeks ago.  11 homes were put into contract last week, with three of them selling in less than a week, which reinforces the change in buying habits that I discussed in this post last week.

The rate of new listings was on the lighter side, as expected heading into a holiday weekend.  Look for that to pick up again now, as it should be a robust listing week in San Carlos.  I will have two stellar San Carlos listings that I will be profiling on the site in a few days – stay tuned!

Here are the sales numbers from last week:

At A Glance.

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 7/5/2020:

San Carlos SFR Data	7/5/20	Prior Week
Number of Closed Sales:	1	12
Average Sold Price:	$2,020,000	$2,147,083
Median Sold Price:	$2,020,000	$1,982,500
Average % Sold vs Orig List Price:	102%	100%
Average DOM of Closed Sales	5	–*
Average $/Sq Foot (Sold)	$1,303	$1,075
Listings put into Contract:	11	16
Total Homes Pending Sale:	37	21
New Listings:	4	9
Total Active Listings:	20	28
Average Price of Active Listings:	$2,781,244	$2,564,532
Average DOM of Active Listings:	–*	–*
Average $/Sq Foot (List)	$1,056	$1,053

*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)
825 Buckland Avenue	$2,020,000	$1,990,000	+$30,000 (+1.5%)	$1,303	5

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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)
230 Pearl Avenue	$1,799,000	–*
631 Wellington Drive	$2,750,000	11
3024 Brittan Avenue	$1,998,000	10
1532 Belmont Avenue	$1,848,000	45
1343 Chestnut Street	$1,888,000	11
1068 Porto Marino Drive	$1,898,000	5
1548 Belmont Avenue	$1,695,000	4
2764 Bromley Drive	$1,999,000	10
1035 Cherry Street	$1,425,000	5
6 Val Mar Place	$2,898,000	20
72 Coronado Avenue	$3,198,000	12

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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
8 Wildwood Avenue	$4,099,998	5BR/4.5BA	3,552/8,750	Brenda Kim, BEK Realty
224 Fairmont Avenue	$2,089,000	4BR/2.5BA	1,945/5,500	Laura Bertolacci, Dwell
206 Hillcrest Road	$1,948,000	3BR/2.5BA	1,830/6,795	Ivan Margaretich, Intero
1034 Hall Street	$1,725,000	3BR/4BA	1,780/5,000	Vandervort Group, Veritas

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