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San Carlos Real Estate May 22, 2017

The San Carlos Real Estate Week in Review: 5/22/2017.

by Chuck Gillooley

One number that really sticks out in this week’s statistics is the price-per-square-foot for single-family residences that sold in San Carlos. For the second straight week, the average topped $1,000/square foot, which is a remarkable feat when you consider that these are not all tiny houses that are selling. One would expect to eclipse the $1,000/square foot mark on smaller homes, because even the dirt value of the lot at that point supersedes the value of the home that resides on it.  But when we start to see homes larger than 2,500 square feet fetching this figure, it’s clear that this once unreachable milestone in home pricing is starting to become commonplace across all home sizes in San Carlos. This is clear when you consider just how many homes are selling for over $2,000,000 in San Carlos right now.

New listing activity as brisk last week, with 8 new listings jumping into the fray and hoping to be in contract before the upcoming Memorial Day Weekend. This surge pushed the inventory of single-family homes in San Carlos up to 18 — certainly not a huge number, but the high-teens seem to be the high-water mark lately for listings in San Carlos simply because the rate of consumption continues to mirror the rate of new listings.

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 5/21/2017:

San Carlos SFR Data 5/21/17 Prior Week
Closed Sales for the Week: 5 6
Average Sold Price: $1,867,000 $1,725,258
Average % of List Price: 111% 110%
Average DOM of Closed Sales 9 7
Average $/Sq Foot (Sold) $1,068 $1,006
No. of New Listings: 8 4
Total # of Active Listings: 18 15
Average Price of Active Listings: $1,830,028 $1,873,633
Average DOM of Active Listings: 10 12
Average $/Sq Foot (List) $882 $889
Total # of Homes Pending Sale: 25 24
Active-Pending Ratio: 0.72 : 1 0.54 : 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.

San Carlos Open House List


San Carlos Single-Family Residences Sold:


147 Leslie Drive
147 Leslie Drive

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)
147 Leslie Drive $2,700,000 $2,195,000 +$505,000 (+23.0%) 3
201 Exeter Avenue $2,005,000 $1,725,000 +$280,000 (+16.2%) 7
1951 Birch Avenue $1,630,000 $1,600,000 +$30,000 (+1.9%) 0
8 Gaylord Court $1,505,000 $1,288,000 +$217,000 (+16.8%) 10
2417 Graceland Avenue $1,495,000 $1,549,000 -$54,000 (-3.5%) 25


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
120 Leslie Drive 10 $1,550,000
19 Anchor Lane 33 $2,995,000
33 Cobblestone Lane 12 $1,795,000
999 Orange Avenue 7 $1,795,000
327 Chesham Avenue 7 $1,045,000
555 Exeter Way 15 $1,880,000


New Single-Family Home Listings in San Carlos:


2115 White Oak Way
2115 White Oak Way

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
2115 White Oak Way $2,848,000 4BR/3.5BA 2,856/5,252 The Harber Group, Alain Pinel Realtors
2616 Graceland Avenue $2,498,000 3BR/4BA 2,540/14,800 Alan Canas, Today Sothebys
10 El Sereno Drive $2,395,000 5BR/3BA 2,640/6,720 Thomas Huff, Coldwell Banker
16 Madrona Street $2,299,000 3BR/3BA 2,224/8,647 Vincent Armando, Armando Investment
2 Estates Court $1,045,000 4BR/2BA 2,210/10,148 Bob Bredel, Dwell Realtors
907 Sunset Drive $1,468,000 4BR/3BA 1,770/7,000 Laura Bertolacci, Dwell Realtors
222 Sycamore Street $1,233,000 2BR/2BA 1,150/7,000 Justine Ford
928 Holly Street $899,000 2BR/2BA 1,520/5,900 Ken Kwok, Max


(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

Homes for Sale in San Carlos


Condos and Townhomes Sold in San Carlos

Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.

Address Sold Price Orig. List Difference DOM (days)
7 Bellflower Lane $1,450,000 $1,399,000 +$11,000 (+7.7%) 15


Condo/Townhouse Pending Sale this Week.

The following condos/townhouses went into contract this week. Click on the address of each home to see more details and photos.

Address DOM (days) List Price
775 Chestnut Street #29 11 $615,000
434 Portofino Drive #301 9 $1,299,000


New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address of each home to see more details and photos.

Address List Price BR/BA Sq Feet Listed By
1456 San Carlos Avenue #202 $1,299,000 2BR/2BA 1,170 Grant Keeler, Today Sothebys
1 Laurel Street #102 $799,000 2BR/2BA 1,030 Henry Chu, Today Sothebys
757 Elm Street #1 $699,000 2BR/1BA 882 McDonnell & Griggs, Coldwell Banker

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 now way responsible for the accuracy of the data from this sourc


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