The San Carlos Real Estate Week in Review: 10/5/2020.
October 5, 2020
The Recap.
10 of the 13 homes that closed escrow this past week did so at a price that was below the original list price, which isn't something we see very often in the San Carlos real estate market. But not only did 10 of the sales fail to achieve their asking price, 7 of those fell short by over $100,000 with the biggest shortfall being 164 Chesham Avenue at $510,000 below the original list price. This isn't totally unexpected since I did mention a few months back many agents were starting to price their listings on the higher end of the expected range because there's no guarantee in this market that a home is going to get multiple offers. It is far easier to reduce the price than it is to increase it, that's for sure.
The rest of the activity was quite robust, with 12 new listings entering the market and only 5 being put into contract. That effectively pushed the inventory of homes back up to 30.
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 10/4/2020:| San Carlos SFR Data | 10/4/20 | Prior Week |
| Number of Closed Sales: | 13 | 10 |
| Average Sold Price: | $2,066,538 | $2,016,689 |
| Median Sold Price: | $1,985,000 | $1,986,500 |
| Average % Sold vs Orig List Price: | 95 | 101% |
| Average DOM of Closed Sales | 26 | 22 |
| Average $/Sq Foot (Sold) | 942 | $1,188 |
| Listings put into Contract: | 5 | 11 |
| Total Homes Pending Sale: | 33 | 41 |
| New Listings: | 12 | 2 |
| Total Active Listings: | 30 | 23 |
| Average Price of Active Listings: | $2,513,196 | $2,680,126 |
| Average DOM of Active Listings: | 22 | 26 |
| Average $/Sq Foot (List) | $1,147 | $1,131 |
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) |
| 19 Dover Court | $2,910,000 | $2,798,000 | +$112,000 (+4.0%) | $957 | 6 |
| 249 Highland Avenue | $2,600,000 | $2,749,000 | -$149,000 (-5.4%) | $839 | 38 |
| 164 Chesham Avenue | $2,485,000 | $2,995,000 | -$510,000 (-17.0%) | $690 | 84 |
| 94 Club Drive | $2,300,000 | $2,398,000 | -$98,000 (-4.1%) | $782 | 30 |
| 16 Shratton Avenue | $2,125,000 | $2,500,000 | -$375,000 (-15.0%) | $772 | 39 |
| 107 Mirabel Place | $2,075,000 | $2,299,000 | -$224,000 (-9.7%) | $932 | 33 |
| 120 Belvedere Avenue | $1,985,000 | $1,798,000 | +$187,000 (+10.4%) | $1,369 | 6 |
| 1937 Saint Francis Way | $1,965,000 | $2,069,000 | -$104,000 (-5.0%) | $906 | 17 |
| 1671 Belmont Avenue | $1,825,000 | $1,950,000 | -$125,000 (-6.4%) | $1,054 | 35 |
| 1564 Belmont Avenue | $1,750,000 | $1,998,500 | -$248,500 (-12.4%) | $951 | 22 |
| 2936 Sherwood Avenue | $1,745,000 | $1,795,000 | -$50,000 (-2.8%) | $864 | 11 |
| 639 Wellington Drive | $1,600,000 | $1,500,000 | +$100,000 (+6.7%) | $964 | 2 |
| 1935 Belle Avenue | $1,500,000 | $1,568,000 | -$68,000 (-4.3%) | $1,172 | 20 |
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) |
| 1405 Cordilleras Avenue | $3,795,000 | 0 |
| 240 Coronado Avenie | $2,400,000 | 67 |
| 173 Garnet Avenue | $2,495,000 | 8 |
| 1927 Arroyo Avenue | $1,450,000 | 12 |
| 1425 Belmont Avenue | $1,898,000 | 5 |
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:| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
| 60 Hartford Avenue | $2,985,000 | 4BR/4BA | 2,158/7,200 | Ellen Ashley, Compass |
| 11 Dover Court | $2,895,000 | 4BR/2.5BA | 3,100/5,800 | Donna Colangelo, Intero |
| 79 Wessex Way | $2,620,000 | 4BR/3BA | 2,110/6,211 | Allen Ho, Global Realty |
| 1951 Eucalyptus Avenue | $2,395,000 | 4BR/3BA | 2,060/5,440 | Carly Seiff, Coldwell Banker |
| 43 Stanford Lane | $2,350,000 | 4BR/2BA | 2,070/9,239 | Greg Damelio, Compass |
| 133 Colton Avenue | $2,149,000 | 3BR/3BA | 1,723/5,549 | Robert Bredel, Dwell |
| 1047 Sylvan Drive | $1,799,000 | 4BR/2BA | 1,570/5,000 | Ron Draper, Lyon |
| 204 Bay View Drive | $1,450,000 | 3BR/2BA | 1,240/6,172 | Jeri Richardson-Daines, Sequoia Realty |
| 2152 Greenwood Avenue | $1,450,000 | 3BR/1.5BA | 1,290/4,338 | Trish Ward, Compass |
| 1400 Alameda | 2BR/2BA | 1,170/5,000 | Vicky Glynn, Dwell | |
| 1854 San Carlos Avenue | $1,299,000 | 3BR/1.5BA | 1,230/6,899 | Omar Galindo, Century 21 |
| 1223 Alameda | $1,198,000 | 2BR/1BA | 890/6,500 | Robert Bredel, Dwell |
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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