The San Carlos Real Estate Week in Review: 8/24/2020.
August 24, 2020
The Recap.
The activity in the San Carlos real estate market ratcheted up quite a bit last week. 14 new homes were listed, and 12 of the existing inventory were put into contract. 8 homes changed hands last week, with only 4 of them selling above their respective list prices. This is a trend that we've seen since we started emerging from the shelter in place as buyers are not stretching above the list price as often as they used to.
Four of the homes that were put into contract last week were not on the market for even a full week, which underscores the trend that sellers and their agents are more often taking offers as soon as they come in, rather than setting an offer date. Take heed of this behavior if you're a home buyer in this market, because you really need to stay on point and prepared to make a move as soon as your dream house hits the market because sellers are now more open to taking a strong offer right out of the gate, or even a pre-emptive offer before they even hit 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 8/23/2020:| San Carlos SFR Data | 8/23/20 |
|
| Number of Closed Sales: | 8 | 5 |
| Average Sold Price: | $2,361,375 | $2,425,500 |
| Median Sold Price: | $2,347,500 | $2,200,000 |
| Average % Sold vs Orig List Price: | 101% | 95% |
| Average DOM of Closed Sales | 15 | 33 |
| Average $/Sq Foot (Sold) | $1,170 | $972 |
| Listings put into Contract: | 12 | 9 |
| Total Homes Pending Sale: | 41 | 36 |
| New Listings: | 14 | 6 |
| Total Active Listings: | 26 | 25 |
| Average Price of Active Listings: | $2,610,955 | $2,339,031 |
| Average DOM of Active Listings: | 34 | 41 |
| Average $/Sq Foot (List) | $1,016 | $983 |
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) |
| 1838 Elizabeth | $3,250,000 | $3,250,000 | $0 (0%) | $1,498 | 0 |
| 2740 Bromley Drive | $2,600,000 | $2,625,000 | -$25,000 (-1.0%) | $1,182 | 21 |
| 1026 Elm Street | $2,500,000 | $2,298,000 | +$202,000 (+8.8%) | $1,309 | 6 |
| 3120 Melendy Drive | $2,495,000 | $2,599,000 | -$104,000 (-10.1%) | $857 | 17 |
| 807 Tamarack Avenue | $2,200,000 | $2,098,000 | +$102,000 (+4.9%) | $1,372 | 5 |
| 2100 Eaton Avenue | $1,986,000 | $1,799,950 | +$186,050 (+10.3%) | $1,048 | 7 |
| 1957 Cedar Street | $1,950,000 | $1,898,000 | +$52,000 (+2.7%) | $1,242 | 11 |
| 244 Shelford Avenue | $1,910,000 | $2,125,000 | -$215,000 (-10.1%) | $855 | 54 |
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) |
| 28 Winding Way | $1,698,000 | 27 |
| 1816 Belmont Avenue | $1,725,000 | 27 |
| 1023 Inverness Drive | $1,628,000 | 6 |
| 2429 San Carlos Avenue | $1,499,888 | 6 |
| 33 Cambridge Street | $2,000,000 | 28 |
| 39 Exeter Avenue | $2,898,888 | 65 |
| 80 Amber Court | $1,900,000 | 9 |
| 639 Wellington Drive | $1,500,000 | 2 |
| 1152 Walnut Street | $1,485,000 | 9 |
| 1937 Saint Francis Way | $2,069,000 | 12 |
| 206 Hillcrest Road | $1,848,000 | 33 |
| 2824 Brittan Avenue | $1,989,000 | 2 |
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 |
| 3461 Brittan Avenue | $3,899,000 | 4BR/4.5BA | 3,820/84,942 | Estela Freeman, Compass |
| 742 Crestview Drive | $3,898,000 | 5BR/4.5BA | 4,400/22,878 | Robert Bredel, Dwell |
| 1573 Chestnut Street | $3,195,000 | 4BR/3.5BA | 2,257/5,667 | Bryan Jacobs, Realsmart |
| 328 Hill Way | $2,795,000 | 4BR/3BA | 2,523/5,000 | Bryan Jacobs, Realsmart |
| 30 La Barthe Lane | $2,650,000 | 4BR/2.5BA | 2,520/14,370 | Alex Lehr, Lehr Real Estate |
| 1079 Hewitt Drive | $2,595,000 | 4BR/2BA | 1,650/8,591 | Ellen Larios, Golden Gate Sothebys |
| 116 Windsor Drive | $2,400,000 | 4BR/2BA | 1,980/7,260 | Yelena Lepina, Intero |
| 20 Hartford Avenue | $2,289,000 | 4BR/2BA | 1,850/6,600 | David Tapper, Coldwell Banker |
| 910 Sunset Drive | $1,998,888 | 3BR/3BA | 1,495/9,750 | Caroline Dinsmore, Compass |
| 1657 Belmont Avenue | $1,998,000 | 4BR/2.5BA | 2,260/6,900 | DeLeon Team |
| 2824 Brittan Avenue | $1,989,000 | 4BR/2BA | 1,940/16,074 | David Young, Coldwell Banker |
| 139 Chesham Avenue | $1,548,000 | 3BR/2BA | 1,670/5,340 | Vandervort Group, Veritas |
| 639 Wellington Drive | $1,500,000 | 3BR/1.5BA | 1,660/7,000 | Amy Anderson, Keller Williams |
| 119 Chesham Avenue | $1,499,950 | 3BR/2BA | 1,870/5,225 | Maxine & Michelle Dumas |
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.
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