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 Data | 3/14/2021 | Previous Week |
| Number of Closed Sales: | 9 | 6 |
| 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 Sales | 12 | 13 |
| Average $/Sq Foot (Sold) | $1,142 | $907 |
| Listings put into Contract: | 5 | 5 |
| Total Homes Pending Sale: | 26 | 30 |
| New Listings: | 4 | 7 |
| Total Active Listings: | 16 | 15 |
| Average Price of Active Listings: | $2,909,063 | $2,657,326 |
| Average DOM of Active Listings: | 29 | 23 |
| Average $/Sq Foot (List) | $1,195 | $1,191 |
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) |
| 905 Rosewood Avenue | $3,600,000 | $3,798,000 | -$198,000 (-5.2%) | $1,192 | 20 |
| 220 Frances Lane | $3,588,000 | $3,588,000 | $0 (0%) | $1,084 | 11 |
| 12 Wildwood Avenue | $2,525,000 | $2,288,000 | +$237,000 (+10.4%) | $1,512 | 2 |
| 1328 Greenbrier Road | $2,460,000 | $2,250,000 | +$210,000 (+9.3%) | $901 | 8 |
| 136 Chestnut Street | $2,350,000 | $1,930,000 | +$420,000 (+21.8%) | $1,193 | 2 |
| 73 Ensenada Road | $2,250,000 | $2,376,500 | -$126,500 (-5.3%) | $1,027 | 32 |
| 1505 Cedar Street | $1,930,0000 | $1,925,000 | +$5,000 (+0.3%) | $1,122 | 9 |
| 262 Cedar Street | $1,900,000 | $1,825,000 | +$75,000 (+4.1%) | $1,062 | 9 |
| 1060 Northwood Drive | $1,600,000 | $1,498,000 | +$102,000 (+6.8%) | $1,185 | 11 |
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) |
| 230 Alberta Avenue | $1,799,000 | 0 |
| 2806 San Carlos Avenue | $1,599,999 | 12 |
| 1029 Hewitt Drive | $2,749,888 | 9 |
| 35 Elston Court | $2,465,000 | 7 |
| 18 Hilltop Drive | $1,980,000 | 8 |
| 1175 Walnut Street | $1,798,000 | 0 |
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) | $/Square Foot | Listed By |
| 168 Queens Court | $6,290,000 | 5BR/5.5BA | 6,510/31,747 | $966 | Larry Liu, Compass |
| 1545 Chestnut Street | $2,293,000 | 3BR/2BA | 2,130/5,649 | $1,077 | Marie Link, Tri-Link |
| 216 Garnet Avenue | $1,798,000 | 4BR/2BA | 1,570/4,000 | $1,145 | Omar Kinaan, Sothebys |
| 128 Ruby Avenue | $1,649,000 | 2BR/1.5BA | 1,310/4,600 | $1,259 | JJ 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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