The San Carlos Real Estate Week in Review: 7/6/2020.

July 6, 2020

The Recap.

I hope everyone had fun and safe 4th of July weekend.  Home buyers once again took charge of the San Carlos real estate market last week, whittling down the inventory to half of what it was just two weeks ago.  11 homes were put into contract last week, with three of them selling in less than a week, which reinforces the change in buying habits that I discussed in this post last week.

The rate of new listings was on the lighter side, as expected heading into a holiday weekend.  Look for that to pick up again now, as it should be a robust listing week in San Carlos.  I will have two stellar San Carlos listings that I will be profiling on the site in a few days – stay tuned!

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 7/5/2020:

San Carlos SFR Data 7/5/20 Prior Week
Number of Closed Sales: 1 12
Average Sold Price: $2,020,000 $2,147,083
Median Sold Price: $2,020,000 $1,982,500
Average % Sold vs Orig List Price: 102% 100%
Average DOM of Closed Sales 5 –*
Average $/Sq Foot (Sold) $1,303 $1,075
Listings put into Contract: 11 16
Total Homes Pending Sale: 37 21
New Listings: 4 9
Total Active Listings: 20 28
Average Price of Active Listings: $2,781,244 $2,564,532
Average DOM of Active Listings: –* –*
Average $/Sq Foot (List) $1,056 $1,053

*DOM figures are frozen until SIP is lifted.


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)
825 Buckland Avenue $2,020,000 $1,990,000 +$30,000 (+1.5%) $1,303 5


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)
230 Pearl Avenue $1,799,000 –*
631 Wellington Drive $2,750,000 11
3024 Brittan Avenue $1,998,000 10
1532 Belmont Avenue $1,848,000 45
1343 Chestnut Street $1,888,000 11
1068 Porto Marino Drive $1,898,000 5
1548 Belmont Avenue $1,695,000 4
2764 Bromley Drive $1,999,000 10
1035 Cherry Street $1,425,000 5
6 Val Mar Place $2,898,000 20
72 Coronado Avenue $3,198,000 12


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
8 Wildwood Avenue $4,099,998 5BR/4.5BA 3,552/8,750 Brenda Kim, BEK Realty
224 Fairmont Avenue $2,089,000 4BR/2.5BA 1,945/5,500 Laura Bertolacci, Dwell
206 Hillcrest Road $1,948,000 3BR/2.5BA 1,830/6,795 Ivan Margaretich, Intero
1034 Hall Street $1,725,000 3BR/4BA 1,780/5,000 Vandervort Group, Veritas


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