The San Carlos Real Estate Week in Review: 1/4/2021.
January 4, 2021
Happy New Year! 2020 is now in our rear-view mirror, and we can hopefully look forward to better days in 2021. The San Carlos real estate market finished surprisingly strong in 2020 despite the fact that most of the homes that closed escrow last week did not achieve their full asking price. Look for my annual market recap later this week on the site.
2021 is starting off with low levels of inventory in just about every Peninsula city. There are only 10 homes currently on the market in San Carlos, but look for that number to increase quickly as early-bird sellers look to get a jump on what looks to be a very promising year ahead.
Here are the sales numbers from last week:
At A GlanceThis 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 1/3/2021:
|San Carlos SFR Data||1/3/2021||Prior Week|
|Number of Closed Sales:||6||7|
|Average Sold Price:||$2,395,000||$2,479,000|
|Median Sold Price:||$2,037,500||$2,600,000|
|Average % Sold vs Orig List Price:||96%||105%|
|Average DOM of Closed Sales||29||6|
|Average $/Sq Foot (Sold)||$1,218||$1,084|
|Listings put into Contract:||1||2|
|Total Homes Pending Sale:||14||18|
|Total Active Listings:||10||9|
|Average Price of Active Listings:||$2,835,100||$2,905,996|
|Average DOM of Active Listings:||39||40|
|Average $/Sq Foot (List)||$1,182||$1,228|
San Carlos Single Family Residences SoldBelow is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||$/sq foot||DOM (days)|
|1405 Cordilleras Avenue||$3,695,000||$3,795,000||-$100,000 (-2.6%)||$1,160||0|
|5 Portofino Court||$2,900,000||$3,198,000||-$298,000 (-9.3%)||$1,450||83|
|2107 Eaton Avenue||$2,175,000||$2,150,000||+$25,000 (+1.2%)||$1,510||0|
|924 Elm Street||$1,900,000||$1,998,000||-$80,000 (-4.0%)||$1,067||27|
|1090 Cedar Street||$1,900,000||$2,100,000||-$200,000 (-9.5%)||$943||59|
|1348 Walnut Street||$1,800,000||$1,795,000||+$5,000 (+0.3%)||$1,176||3|
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
San Carlos Single-Family Homes Pending SaleThe 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)|
|761 Orange Avenue||$1,749,000||27|
New San Carlos Single-Family Home ListingsBelow 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|
|1221 Highland Court||$2,500,000||4BR/2.5BA||2,380/11,242||Judy Litteer, Better Homes|
|11 Hilltop Drive||$1,650,000||3BR/1.5BA||1,420/6,398||Steven Karp, California Realty|
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.