The San Carlos Real Estate Week in Review: 8/14/2017.

Just when you think house prices are starting to level off just a bit in San Carlos, you have a week like we did last week.  Two of the three homes that closed escrow last week fetched over $300,000 over their asking prices. And neither of these two homes were significantly under-priced to begin with. It just shows that there is still a very strong appetite for good homes in good locations in San Carlos. And although it's still a relatively small sample size, we are routinely seeing mid-sized homes (~2,000 square feet) fetching over $1,100/sq foot, which is simply amazing.

The inventory of homes for sale in San Carlos did not change from last week, since the number of new listings matched the number of homes that went into contract. As of this morning, we are still sitting on 11 homes for sale in the entire city.  It appears that it will be a good fall market for home sellers, and a market that could remain very strong all the way to the end of the year if inventory continues to remain in check.  The vacation season is starting to wrap itself up as many of the schools now start up again in late August, so expect to see the activity level start to pick up in the coming weeks.

Here is a look at last week's numbers:

The Numbers.

Below 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 8/13/2017:

San Carlos SFR Data	8/13/17	Prior Week
Closed Sales for the Week:	3	3
Average Sales Price:	$1,884,333	$1,779,333
Median Sales Price:	$1,920,000	$1,810,000
Average % Sold vs List Price:	112%	108%
Average DOM of Closed Sales	16	7
Average $/Sq Foot (Sold)	$1,165	$1,075
No. of New Listings:	4	6
Total # of Active Listings:	11	11
Average Price of Active Listings:	$1,707,909	$2,046,909
Average DOM of Active Listings:	16	21
Average $/Sq Foot (List)	$1,036	$1,069
Total # of Homes Pending Sale:	16	14
Active-Pending Ratio:	0.69 : 1	0.79 : 1

The San Carlos Open House Page.

If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.

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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	DOM (days)
61 Devonshire Circle	$2,308,000	$1,998,000	+$310,000 (+15.5%)	11
12 Wildwood Avenue	$1,920,000	$1,599,000	+$321,000 (+20.1%)	12
208 Oakview Drive	$1,425,000	$1,420,000	+$5,000 (+0.3%)	24

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San Carlos Single-Family Homes Pending Sale:

The following single-family homes went into contract in San Carlos this past week. Click on the address of each home to see more details and photos:

Address	DOM (days)	List Price
12 Chestnut Street	25	$1,950,000
1340 Orange Avenue	6	$2,980,000
135 Lynton Avenue	70	$2,650,000
2148 Brittan Avenue	23	1,650,000
1523 Elm Street	7	$1,398,000

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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
2611 San Carlos Avenue	$1,895,000	4BR/6BA	3,370/7,150	Celeste love Pagan, Hometown Realty
40 Amber Court	$1,750,000	3BR/2BA	1,660/6,400	Valerie Soltau, Alain Pinel Realtors
56 Chilton Avenue	$1,750,000	4BR/2BA	2,060/8,800	Philip Feinn, Perisson Real Estate
345 Devonshire Boulevard	$999,000	2BR/1BA	990/7,754	Stanley Lo, Green Banker

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