The San Carlos Real Estate Week in Review: 11/23/2020.

November 23, 2020

The Recap.

Home buyers took charge last week in San Carlos by whittling the inventory of homes for sale down to 15, the lowest level we've seen in months.  11 homes were put into contract last week and only 3 new listings hit the market.  This is not a big surprise, since we are heading into the Thanksgiving week and most sellers are seriously considering waiting until the new year to list their homes.

The current stable of 15 homes that are still for sale in San Carlos have been on the market for an average of 54 days, which is a very un-San Carlos like number — half of these have been sitting for 2 months or longer.  This shows that even in a strong market like we are experiencing now,  there's still a very real danger of pricing a home too high and having it languish.  This is especially true when the market enters the holiday slowdown.

On that note, I hope everyone has a very SAFE and Happy Thanksgiving!

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 11/22/2020:
San Carlos SFR Data11/22/20Prior Week
Number of Closed Sales:85
Average Sold Price:$2,020,750$2,274,800
Median Sold Price:$1,900,000$1,908,000
Average % Sold vs Orig List Price:103%104%
Average DOM of Closed Sales128
Average $/Sq Foot (Sold)$1,299$1,166
Listings put into Contract:117
Total Homes Pending Sale:2925
New Listings:38
Total Active Listings:1524
Average Price of Active Listings:$2,944,726$2,829,162
Average DOM of Active Listings:5439
Average $/Sq Foot (List)$1,134$1,103

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)
43 Stanford Lane$2,551,000$2,350,000+$201,000 (+3.1%)$1,2327
79 Wessex Way$2,550,000$2,620,000-$70,000 (-4.3%)$1,2099
2825 Tramanto Drive$2,065,000$1,698,000+$367,000 (+21.6%)$1,4216
249 Garnet Avenue$2,050,000$2,050,000$0 (0%)$1,2130
955 Montgomery Street$1,750,000$1,649,000+$101,000 (+6.1%)$1,2828
1637 Greenwood Avenue$1,750,000$2,098,000-$348,000 (-16.6%)$1,02828
832 Sunset Drive$1,730,00$1,549,000+$181,000 (+11.7%)$1,8808
1737 Cedar Street$1,720,000$1,798,000-$78,000 (-4.3%)$1,21428

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)
1171 Alameda$1,298,00052
1400 Alameda$1,375,00048
1 Del Rey Court$2,599,0006
240 Windsor Drive$1,998,00030
32318 La Mesa Drive$2,898,00010
967 Orange Avenue$1,999,9985
8 Sudan Lane$3,750,0009
111 Mesa Verde Way$2,999,8888
2328 Howard Avenue$4,850,00033
358 Hill Way$1,495,0007
646 Prospect Street$1,988,00010

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
2691 San Carlos Avenue$1,868,0003BR/2BA1,734/7,560Lucy Goldenshteyn, Redfin
219 Edgehill Drive$1,849,0004BR/2BA1,690/5,750Amy Anderson, Keller Williams
387 Cedar Street$1,399,8882BR/1BA1,360/6,020Dave Blewett, Intero

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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