The San Carlos Real Estate Week in Review: 3/15/2021.

March 15, 2021


The Recap.

The surge of new listings that buyers have been desperately hoping for in San Carlos just didn't materialize last week.  There were only 4 new listings that were added to the inventory, and one of them is a re-listing from a few months ago.  In the meantime, buyers are literally snapping up everything that they can get their hands on — regardless of whether it's listed on the MLS, or off the market.  This is especially acute in the market below $3,000,000.  There's a very clear delineation in the sales numbers below that show how the market changes above the $3M mark in San Carlos.  Five homes were put into contract this week, with at least three of them getting huge premiums over the asking price.  You'll see those post in the sales column in a few weeks.

This week's expediency award goes to 12 Wildwood Avenue.  This home was listed, put into contract, and closed all within a total of 8 days.  When you hear the phrase “cash is king”, this is what we're talking about.

Have an amazing week! 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 3/14/2021:
San Carlos SFR Data3/14/2021Previous Week
Number of Closed Sales:96
Average Sold Price:$2,467,089$2,401,500
Median Sold Price:$2,350,000$2,287,500
Average % Sold vs Orig List Price:105%101%
Average DOM of Closed Sales1213
Average $/Sq Foot (Sold)$1,142$907
Listings put into Contract:55
Total Homes Pending Sale:2630
New Listings:47
Total Active Listings:1615
Average Price of Active Listings:$2,909,063$2,657,326
Average DOM of Active Listings:2923
Average $/Sq Foot (List)$1,195$1,191

905 Rosewood Avenue

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)
905 Rosewood Avenue$3,600,000$3,798,000-$198,000 (-5.2%)$1,19220
220 Frances Lane$3,588,000$3,588,000$0 (0%)$1,08411
12 Wildwood Avenue$2,525,000$2,288,000+$237,000 (+10.4%)$1,5122
1328 Greenbrier Road$2,460,000$2,250,000+$210,000 (+9.3%)$9018
136 Chestnut Street$2,350,000$1,930,000+$420,000 (+21.8%)$1,1932
73 Ensenada Road$2,250,000$2,376,500-$126,500 (-5.3%)$1,02732
1505 Cedar Street$1,930,0000$1,925,000+$5,000 (+0.3%)$1,1229
262 Cedar Street$1,900,000$1,825,000+$75,000 (+4.1%)$1,0629
1060 Northwood Drive$1,600,000$1,498,000+$102,000 (+6.8%)$1,18511

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)
230 Alberta Avenue$1,799,0000
2806 San Carlos Avenue$1,599,99912
1029 Hewitt Drive$2,749,8889
35 Elston Court$2,465,0007
18 Hilltop Drive$1,980,0008
1175 Walnut Street$1,798,0000

168 Queens Court

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) $/Square FootListed By
168 Queens Court$6,290,0005BR/5.5BA6,510/31,747$966Larry Liu, Compass
1545 Chestnut Street$2,293,0003BR/2BA2,130/5,649$1,077Marie Link, Tri-Link
216 Garnet Avenue$1,798,0004BR/2BA1,570/4,000$1,145Omar Kinaan, Sothebys
128 Ruby Avenue$1,649,0002BR/1.5BA1,310/4,600$1,259JJ Team, 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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