The San Carlos Real Estate Week in Review: 7/13/2020.
July 13, 2020
The Recap.
Home buying tapered off a bit last week after two weeks of solid purchasing activity. Only 5 homes were put into contract, compared to 11 the week prior. The rate of new listings rebounded, with 9 new homes hitting the market — double the number from last week. That pushed the inventory of homes for sale in San Carlos up to 25 as of this morning, giving buyers even more choices. Showing activity seemed to be strong this past weekend, indicating that there are still a lot of solid buyers in the market.
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 7/12/2020:
| San Carlos SFR Data | 7/12/20 | Prior Week |
|---|---|---|
| Number of Closed Sales: | 3 | 11 |
| Average Sold Price: | $2,565,333 | $2,020,000 |
| Median Sold Price: | $2,448,000 | $2,020,000 |
| Average % Sold vs Orig List Price: | 102% | 102% |
| Average DOM of Closed Sales | 6 | 5 |
| Average $/Sq Foot (Sold) | $917 | $1,303 |
| Listings put into Contract: | 5 | 11 |
| Total Homes Pending Sale: | 39 | 37 |
| New Listings: | 9 | 4 |
| Total Active Listings: | 25 | 20 |
| Average Price of Active Listings: | $2,637,316 | $2,781,244 |
| Average DOM of Active Listings: | 35 | –* |
| Average $/Sq Foot (List) | $1,091 | $1,056 |
*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) |
|---|---|---|---|---|---|
| 2959 Eaton Avenue | $3,498,000 | $3,498,000 | $0 (0%) | $768 | 6 |
| 1911 Belle Avenue | $2,448,000 | $2,398,000 | +$50,000 (+2.1%) | $1,1183 | 3 |
| 139 Madera Avenue | $1,750,000 | $1,675,000 | +$75,000 (+4.5%) | $799 | 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) |
|---|---|---|
| 3120 Melendy Drive | $2,599,000 | 17 |
| 164 Mesa Verde Way | $3,250,000 | 52 |
| 98 Loma Road | $2,198,000 | 56 |
| 8 Wildwood Avenue | $4,099,998 | 9 |
| 37 Maple Way | $1,900,000 | 0 |
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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 |
|---|---|---|---|---|
| 332 Devonshire Boulevard | $4,320,000 | 5BR/4.5BA | 4,200/28,780 | Stanley Lo, Green Banker |
| 23 Tasker Lane | $3,250,000 | 4BR/2.5BA | 2,810/20,000 | Chuck Gillooley, Compass |
| 248 Exeter Avenue | $3,200,000 | 3BR/2BA | 2,982/16,800 | Sue Walsh, Compass |
| 19 Dover Court | $2,798,000 | 4BR/3.5BA | 3,040/9,913 | Vandervort Group, Veritas |
| 2740 Bromley Drive | $2,625,000 | 4BR/3BA | 2,200/17,200 | Robin Wrigley, Wrigley Real Estate |
| 1671 Belmont Avenue | $1,950,000 | 3BR/2.5BA | 1,732/4,600 | Carrie Du Bois, Coldwell Banker |
| 1957 Cedar Street | $1,898,000 | 3BR/2BA | 1,570/4,480 | Carteris/Alsegh, Compass |
| 89 Ensenada Road | $1,895,000 | 3BR/2BA | 1,690/9,880 | Jami Arami, Compass |
| 359 Fairfield Drive | $1,285,000 | 2BR/1BA | 820/5,000 | Jim Tierney, Netequity |
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