The San Carlos Real Estate Week in Review: 8/17/2020.

August 17, 2020


The Recap.

Buyers were more active in the San Carlos real estate market last week than were sellers.  Nine homes in the inventory were put into contract, while only six new listings went to market.  This dropped the inventory of homes for sale in San Carlos down to 25 — the lowest mark it has hit in a few weeks.

Sold prices weren't overly impressive last week either.  Of the five homes that closed escrow, not a single one surpassed their original list price, and three of those took 6-figure discounts in the final tally.  This is consistent with some of the push-back in pricing that we've been seeing over the last several weeks.  There has been more red ink than green in the sold column lately.

School starts back up for many this week, and that should increase the focus on the housing market over the next 60 days as head into the fall selling season.

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 8/16/2020:
San Carlos SFR Data8/16/20
    Prior Week
Number of Closed Sales:55
Average Sold Price:$2,425,500$2,162,400
Median Sold Price:$2,200,000$1,975,000
Average % Sold vs Orig List Price:95103%
Average DOM of Closed Sales336
Average $/Sq Foot (Sold)$972$1,177
Listings put into Contract:97
Total Homes Pending Sale:3630
New Listings:67
Total Active Listings:2529
Average Price of Active Listings:$2,339,031$2,369,513
Average DOM of Active Listings:4135
Average $/Sq Foot (List)$983$1,010

164 Mesa Verde Way

164 Mesa Verde Way

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.
AddressSold PriceOrig. ListDifference$/sq footDOM (days)
164 Mesa Verde Way$3,075,000$3,250,000-$175,000 (-5.4%)$98652
112 Beverly Drive$2,740,000$2,800,000-$60,000 (-2.1%)$1,05019
98 Loma Road$2,200,000$2,400,000-$200,000 (-9.1%)$84356
836 Cedar Street$2,112,500$2,112,500$0 (0%)$9780
907 Sunset Drive$2,000,000$2,249,000-$249,000 (-11.1%)$1,00538

(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

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:
AddressList Price DOM (days)
936 Sunset Drive$1,795,00028
439 Clifton Avenue$1,848,0003
147 Rockridge Road$2,400,00010
1034 Hall Street$1,498,00040
2024 Eaton Avenue$1,849,0006
9 Cedar Street$1,959,0006
724 Tamarack Avenue$2,399,0006
448 Emerald Avenue$1,749,0005
410 Erlin Drive$1,900,00023
1564 Belmont Avenue

1564 Belmont Avenue

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:
AddressList PriceBR/BASq Ft (home/lot) Listed By
1564 Belmont Avenue$1,998,5003BR/1.5BA1,840/5,488Jacquline Kirby, RE/MAX
80 Amber Court$1,900,0003BR/2.5BA1,860/8,200Christopher Eckert, Keller Williams
1023 Inverness Drive$1,628,0003BR/2BA1,540/5,000Alan Canas, Coldwell Banker
2429 San Carlos Avenue$1,499,8883BR/2BA1,320/7,000Coco Tan, Keller Williams
1152 Walnut Street$1,485,0002BR/1BA1,450/4,880Pete Vece, Golden Gate Sothebys
338 Emerald Avenue$1,350,0002BR/1.5BA1,410/6,000Judith Brooks, RE/MAX

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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