The San Carlos Real Estate Week in Review: 8/31/2020.
August 31, 2020
The Recap.
August is drawing to a close, and we're officially entering the Fall real estate market in San Carlos. In a normal year, this would signify that there are about 60 good sales days left before we hit November, when we start to adjust to shorter days and more inclement weather — not to mention the holidays. But this year has proven to be anything but normal, so nobody really knows what is going to happen over the remaining four months of 2020.
What we do know is that the current sales activity remains brisk. More than half of the homes that were put into contract last week had single-digit days on the market, with three of them selling in less than a week. Deals are still happening at a rapid pace, so it's imperative that buyers remain diligent and ready to pounce when the right house comes up.
Sales prices once again seemed to hover very closely to the asking price on average, as opposed to the 8-10% premiums that we have been accustomed to seeing. That's not to say that buyers are not bidding up certain homes, but it does signal a slightly more conservative approach to both the pricing of homes, and what buyers are willing to pay.
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 8/30/2020:| San Carlos SFR Data | 8/30/20 |
|
| Number of Closed Sales: | 9 | 8 |
| Average Sold Price: | $1,902,966 | $2,361,375 |
| Median Sold Price: | $1,850,000 | $2,347,500 |
| Average % Sold vs Orig List Price: | 100% | 101% |
| Average DOM of Closed Sales | 12 | 15 |
| Average $/Sq Foot (Sold) | $1,107 | $1,170 |
| Listings put into Contract: | 9 | 12 |
| Total Homes Pending Sale: | 39 | 41 |
| New Listings: | 9 | 14 |
| Total Active Listings: | 29 | 26 |
| Average Price of Active Listings: | $2,504,443 | $2,610,955 |
| Average DOM of Active Listings: | 32 | 34 |
| Average $/Sq Foot (List) | $1,061 | $$1,016 |
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) |
| 477 Emerald Avenue | $2,585,000 | $2,585,000 | $0 (0%) | $1,010 | 0 |
| 907 Woodland Avenue | $2,365,000 | $2,235,000 | +$130,000 (+5.8%) | $1,110 | 10 |
| 59 Club Drive | $2,301,192 | $2,250,000 | +$51,192 (+2.3%) | $929 | 6 |
| 2909 Brittan Avenue | $1,955,000 | $1,949,000 | +$6,000 (+0.3%) | $1,008 | 17 |
| 206 Hillcrest Road | $1,850,000 | $1,948,000 | -$98,000 (-5.0%) | $1,100 | 33 |
| 116 Hillcrest Road | $1,743,000 | $1,780,000 | -$37,000 (-2.1%) | $1,125 | 12 |
| 2629 San Carlos Avenue | $1,620,000 | $1,595,000 | +$25,000 (+1.6%) | $1,031 | 7 |
| 2044 Saint Francis Way | $1,460,000 | $1,398,000 | +$62,000 (+4.4%) | $1,217 | 8 |
| 359 Fairfield Drive | $1,247,500 | $1,285,000 | -$37,500 (-2.9%) | $1,521 | 12 |
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) |
| 1418 Eaton Avenue | $2,795,000 | 60 |
| 107 Mirabel Place | $2,149,000 | 33 |
| 28 Winding Way | $1,698,000 | 27 |
| 1657 Belmont Avenue | $1,998,000 | 9 |
| 30 La Barthe Lane | $2,650,000 | 4 |
| 20 Hartford Avenue | $2,289,000 | 6 |
| 910 Sunset Drive | $1,998,888 | 7 |
| 139 Chesham Avenue | $1,548,000 | 8 |
| 16 Shratton Avenue | $2,300,000 | 39 |
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 |
| 112 Belvedere Avenue | $2,498,000 | 4BR/3BA | 2,161/4,600 | Marylene Notariani, Compass |
| 2421 Melendy Drive | $2,488,888 | 3BR/2BA | 1,750/7,380 | Pam Tyson, Keller Williams |
| 244 Timothy Drive | $2,449,000 | 3BR/2BA | 2,260/7,828 | Robert Pedro, Signature Realty |
| 1950 Brittan Avenue | $1,889,000 | 3BR/1.5BA | 1,610/5,000 | Raina Petrov, BHG Highland Partners |
| 120 Belvedere Avenue | $1,798,000 | 3BR/2BA | 1,450/4,600 | Granoski, Weil Associates, Compass |
| 2936 Sherwood Avenue | $1,795,000 | 3BR/2BA | 2,020/8,610 | Grant Keeler, Golden Gate Sothebys |
| 12 Willow Glen Way | $1,648,000 | 4BR/2BA | 1,490/4,620 | Vandervort Group, Veritas |
| 2081 Greenwood Avenue | $1,299,950 | 2BR/1BA | 1,000/5,386 | Michelle & Maxine Dumas |
| 2084 San Carlos Avenue | $1,288,000 | 2BR/1BA | 1,020/6,100 | Jeff Lang, Keller Williams |
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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