The San Carlos Real Estate Week in Review: 1/4/2021.

The Recap.

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 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 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
New Listings:	2	2
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 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)
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

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)
761 Orange Avenue	$1,749,000	27

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
1221 Highland Avenue	$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.