The San Carlos Real Estate Week in Review: 8/17/2020.

The Recap.

Buyers were more active in the San Carlos real estate market last week than were sellers.  Nine homes in the inventory were put into contract, while only six new listings went to market.  This dropped the inventory of homes for sale in San Carlos down to 25 — the lowest mark it has hit in a few weeks.

Sold prices weren't overly impressive last week either.  Of the five homes that closed escrow, not a single one surpassed their original list price, and three of those took 6-figure discounts in the final tally.  This is consistent with some of the push-back in pricing that we've been seeing over the last several weeks.  There has been more red ink than green in the sold column lately.

School starts back up for many this week, and that should increase the focus on the housing market over the next 60 days as head into the fall selling season.

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 8/16/2020:

San Carlos SFR Data	8/16/20	Prior Week
Number of Closed Sales:	5	5
Average Sold Price:	$2,425,500	$2,162,400
Median Sold Price:	$2,200,000	$1,975,000
Average % Sold vs Orig List Price:	95	103%
Average DOM of Closed Sales	33	6
Average $/Sq Foot (Sold)	$972	$1,177
Listings put into Contract:	9	7
Total Homes Pending Sale:	36	30
New Listings:	6	7
Total Active Listings:	25	29
Average Price of Active Listings:	$2,339,031	$2,369,513
Average DOM of Active Listings:	41	35
Average $/Sq Foot (List)	$983	$1,010

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)
164 Mesa Verde Way	$3,075,000	$3,250,000	-$175,000 (-5.4%)	$986	52
112 Beverly Drive	$2,740,000	$2,800,000	-$60,000 (-2.1%)	$1,050	19
98 Loma Road	$2,200,000	$2,400,000	-$200,000 (-9.1%)	$843	56
836 Cedar Street	$2,112,500	$2,112,500	$0 (0%)	$978	0
907 Sunset Drive	$2,000,000	$2,249,000	-$249,000 (-11.1%)	$1,005	38

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)
936 Sunset Drive	$1,795,000	28
439 Clifton Avenue	$1,848,000	3
147 Rockridge Road	$2,400,000	10
1034 Hall Street	$1,498,000	40
2024 Eaton Avenue	$1,849,000	6
9 Cedar Street	$1,959,000	6
724 Tamarack Avenue	$2,399,000	6
448 Emerald Avenue	$1,749,000	5
410 Erlin Drive	$1,900,000	23

New San Carlos Single-Family Home Listings

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
1564 Belmont Avenue	$1,998,500	3BR/1.5BA	1,840/5,488	Jacquline Kirby, RE/MAX
80 Amber Court	$1,900,000	3BR/2.5BA	1,860/8,200	Christopher Eckert, Keller Williams
1023 Inverness Drive	$1,628,000	3BR/2BA	1,540/5,000	Alan Canas, Coldwell Banker
2429 San Carlos Avenue	$1,499,888	3BR/2BA	1,320/7,000	Coco Tan, Keller Williams
1152 Walnut Street	$1,485,000	2BR/1BA	1,450/4,880	Pete Vece, Golden Gate Sothebys
338 Emerald Avenue	$1,350,000	2BR/1.5BA	1,410/6,000	Judith Brooks, RE/MAX

Disclaimer: The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week. The data provided in this report is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction unless explicitly stated otherwise. The source of this data is the Multiple Listing Service (MLS), so the author is in no way responsible for the accuracy of the data from this source.