The San Carlos Real Estate Week in Review: 3/29/2021.

The Recap.

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 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 3/28/2021:

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
New Listings:	9	2
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 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)
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 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)

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
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
1124 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.