The San Carlos Real Estate Week in Review: 8/24/2020.

August 24, 2020


The Recap.

The activity in the San Carlos real estate market ratcheted up quite a bit last week.  14 new homes were listed, and 12 of the existing inventory were put into contract.  8 homes changed hands last week, with only 4 of them selling above their respective list prices. This is a trend that we've seen since we started emerging from the shelter in place as buyers are not stretching above the list price as often as they used to.

Four of the homes that were put into contract last week were not on the market for even a full week, which underscores the trend that sellers and their agents are more often taking offers as soon as they come in, rather than setting an offer date.  Take heed of this behavior if you're a home buyer in this market, because you really need to stay on point and prepared to make a move as soon as your dream house hits the market because sellers are now more open to taking a strong offer right out of the gate, or even a pre-emptive offer before they even hit the market.

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 8/23/2020:
San Carlos SFR Data8/23/20
    Prior Week
Number of Closed Sales:85
Average Sold Price:$2,361,375$2,425,500
Median Sold Price:$2,347,500$2,200,000
Average % Sold vs Orig List Price:101%95%
Average DOM of Closed Sales1533
Average $/Sq Foot (Sold)$1,170$972
Listings put into Contract:129
Total Homes Pending Sale:4136
New Listings:146
Total Active Listings:2625
Average Price of Active Listings:$2,610,955$2,339,031
Average DOM of Active Listings:3441
Average $/Sq Foot (List)$1,016$983

2740 Bromley Drive

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)
1838 Elizabeth Street$3,250,000$3,250,000$0 (0%)$1,4980
2740 Bromley Drive$2,600,000$2,625,000-$25,000 (-1.0%)$1,18221
1026 Elm Street$2,500,000$2,298,000+$202,000 (+8.8%)$1,3096
3120 Melendy Drive$2,495,000$2,599,000-$104,000 (-10.1%)$85717
807 Tamarack Avenue$2,200,000$2,098,000+$102,000 (+4.9%)$1,3725
2100 Eaton Avenue$1,986,000$1,799,950+$186,050 (+10.3%)$1,0487
1957 Cedar Street$1,950,000$1,898,000+$52,000 (+2.7%)$1,24211
244 Shelford Avenue$1,910,000$2,125,000-$215,000 (-10.1%)$85554

(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)
28 Winding Way$1,698,00027
1816 Belmont Avenue$1,725,00027
1023 Inverness Drive$1,628,0006
2429 San Carlos Avenue$1,499,8886
33 Cambridge Street$2,000,00028
39 Exeter Avenue$2,898,88865
80 Amber Court$1,900,0009
639 Wellington Drive$1,500,0002
1152 Walnut Street$1,485,0009
1937 Saint Francis Way$2,069,00012
206 Hillcrest Road$1,848,00033
2824 Brittan Avenue$1,989,0002

3461 Brittan 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
3461 Brittan Avenue$3,899,0004BR/4.5BA3,820/84,942Estela Freeman, Compass
742 Crestview Drive$3,898,0005BR/4.5BA4,400/22,878Robert Bredel, Dwell
1573 Chestnut Street$3,195,0004BR/3.5BA2,257/5,667Bryan Jacobs, Realsmart
328 Hill Way$2,795,0004BR/3BA2,523/5,000Bryan Jacobs, Realsmart
30 La Barthe Lane$2,650,0004BR/2.5BA2,520/14,370Alex Lehr, Lehr Real Estate
1079 Hewitt Drive$2,595,0004BR/2BA1,650/8,591Ellen Larios, Golden Gate Sothebys
116 Windsor Drive$2,400,0004BR/2BA1,980/7,260Yelena Lepina, Intero
20 Hartford Avenue$2,289,0004BR/2BA1,850/6,600David Tapper, Coldwell Banker
910 Sunset Drive$1,998,8883BR/3BA1,495/9,750Caroline Dinsmore, Compass
1657 Belmont Avenue$1,998,0004BR/2.5BA2,260/6,900DeLeon Team
2824 Brittan Avenue$1,989,0004BR/2BA1,940/16,074David Young, Coldwell Banker
139 Chesham Avenue$1,548,0003BR/2BA1,670/5,340Vandervort Group, Veritas
639 Wellington Drive$1,500,0003BR/1.5BA1,660/7,000Amy Anderson, Keller Williams
119 Chesham Avenue$1,499,9503BR/2BA1,870/5,225Maxine & Michelle Dumas

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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