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

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 Data	11/22/20	Prior Week
Number of Closed Sales:	8	5
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 Sales	12	8
Average $/Sq Foot (Sold)	$1,299	$1,166
Listings put into Contract:	11	7
Total Homes Pending Sale:	29	25
New Listings:	3	8
Total Active Listings:	15	24
Average Price of Active Listings:	$2,944,726	$2,829,162
Average DOM of Active Listings:	54	39
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.

Address	Sold Price	Orig. List	Difference	$/sq foot	DOM (days)
43 Stanford Lane	$2,551,000	$2,350,000	+$201,000 (+3.1%)	$1,232	7
79 Wessex Way	$2,550,000	$2,620,000	-$70,000 (-4.3%)	$1,209	9
2825 Tramanto Drive	$2,065,000	$1,698,000	+$367,000 (+21.6%)	$1,421	6
249 Garnet Avenue	$2,050,000	$2,050,000	$0 (0%)	$1,213	0
955 Montgomery Street	$1,750,000	$1,649,000	+$101,000 (+6.1%)	$1,282	8
1637 Greenwood Avenue	$1,750,000	$2,098,000	-$348,000 (-16.6%)	$1,028	28
832 Sunset Drive	$1,730,00	$1,549,000	+$181,000 (+11.7%)	$1,880	8
1737 Cedar Street	$1,720,000	$1,798,000	-$78,000 (-4.3%)	$1,214	28

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)
1171 Alameda	$1,298,000	52
1400 Alameda	$1,375,000	48
1 Del Rey Court	$2,599,000	6
240 Windsor Drive	$1,998,000	30
32318 La Mesa Drive	$2,898,000	10
967 Orange Avenue	$1,999,998	5
8 Sudan Lane	$3,750,000	9
111 Mesa Verde Way	$2,999,888	8
2328 Howard Avenue	$4,850,000	33
358 Hill Way	$1,495,000	7
646 Prospect Street	$1,988,000	10

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
2691 San Carlos Avenue	$1,868,000	3BR/2BA	1,734/7,560	Lucy Goldenshteyn, Redfin
219 Edgehill Drive	$1,849,000	4BR/2BA	1,690/5,750	Amy Anderson, Keller Williams
387 Cedar Street	$1,399,888	2BR/1BA	1,360/6,020	Dave 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.