The San Carlos Real Estate Week in Review: 3/29/2021.
March 29, 2021
Despite the super-heated demand for real estate in San Carlos, not a single home was put into contract last week. Yes, that's true. But despite how odd that seems given the market dynamics, there's a good reason for it. We started last week off with essentially 5 listings that were publicly visible, which is one of the lowest levels that I've seen in the past 15 years. Thankfully, there were 9 new listings that debuted last week, but most were probably deferring offers until this week to allow at least a few days of market exposure. That means the rate of pending sales should return to normal this week.
The bump in listings puts our inventory at a total of 22 as we head into the new week, and more listings should be on the way later this week. It should prove to be an active stretch heading into the Easter weekend.
Have an amazing week! 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 3/28/2021:
|San Carlos SFR Data||3/28/2021||Previous Week|
|Number of Closed Sales:||3||11|
|Average Sold Price:||$2,178,333||$2,101,182|
|Median Sold Price:||$1,850,000||$2,007,000|
|Average % Sold vs Orig List Price:||108%||105%|
|Average DOM of Closed Sales||3||21|
|Average $/Sq Foot (Sold)||$1,285||$1,147|
|Listings put into Contract:||0||5|
|Total Homes Pending Sale:||20||22|
|Total Active Listings:||21||10|
|Average Price of Active Listings:||$2,841,667||$3,243,500|
|Average DOM of Active Listings:||19||37|
|Average $/Sq Foot (List)||$1,145||$1,202|
San Carlos Single Family Residences SoldBelow is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||$/sq foot||DOM (days)|
|8 Dover Court||$2,875,000||$2,675,000||+$200,000 (+7.5%)||$1,272||4|
|2763 San Carlos Avenue||$1,850,000||$1,850,000||$0 (+0.0%)||$1,492||0|
|1610 Hull Drive||$1,810,000||$1,549,000||+$261,000 (+16.8%)||$1,138||5|
San Carlos Single-Family Homes Pending SaleThe following single-family homes went into contract in San Carlos last week. Click on the address of each home to see more details and photos:
|Address||List Price||DOM (days)|
San Carlos Single-Family Home ListingsBelow are the new listings that hit the market this past week in San Carlos. Click on the address of each home to see more details and photos:
|Address||List Price||BR/BA||Sq Ft (home/lot)||$/Square Foot||Listed By|
|425 Shelford Avenue||$3,900,000||5BR/5.5BA||3,700/18,731||$1,054||Jeffery Atkinson, Everhome|
|116 Normandy Court||$3,598,000||4BR/3BA||2,920/10,000||$1,232||Alex Lehr, Guide|
|1244 Elm Street||$2,998,000||5BR/3.5BA||2,580/8,710||$1,162||Erica Galles, Compass|
|3153 La Mesa Drive||$2,448,000||4BR/2BA||1,900/7,800||$1,288||Laura Bertolacci Dwell
|133 Ruby Avenue||$2,398,000||4BR/3BA||2,202/4,400||$1,089||Robert Bredel Dwell|
|1015 Holly Street||$2,200,000||5BR/3BA||2,100/5,450||$1,048||Vicky Yu, Compass|
|184 Cedar Street||$2,150,00||3BR/2BA||1,970/6,090||$1,091||Robert Bredel Dwell|
|149 Chestnut Street||$1,950,000||3BR/2BA||2,201/5,940||$886||Jennifer Oldham, Compass|
|1533 Walnut Street||$1,595,000||3BR/2BA||1,420/4,400||$1,123||John Shoyer, Sothebys|
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.