The San Carlos Real Estate Week in Review: 4/5/2021.
April 5, 2021
When I put the stats together each week for this post, I scour the data tables to find a nugget or two that are worth highlighting. Usually in the data there are a few items that will give a good indication as to what's happening in the local market, and this week is no different.
The first data point to consider is the days-on-market (DOM) average for all homes that sold last week, which is 3. That means that the average house that closed escrow this week wasn't even on the market for a half a week. This past week, two of the homes that sold never even made it to the market. This number underscores how frantic this current market is. Buyers are literally writing offers after the first time they've seen a home, sometimes even against the wishes of the listing agent. But it captures the frustration and desperation that buyers are feeling in this market today.
The other noteworthy data point is the average list price for those homes that are still on the market. This week's average is nearly $3M — while many homes are indeed selling in San Carlos for over $3M, it's rare that the average of ALL of the homes listed is $3M, but again this highlights how strong our local market is.
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 4/4/2021:
|San Carlos SFR Data||4/4/2021||Previous Week|
|Number of Closed Sales:||5||3|
|Average Sold Price:||$2,448,200||$2,178,333|
|Median Sold Price:||$2,375,000||$1,850,000|
|Average % Sold vs Orig List Price:||104%||108%|
|Average DOM of Closed Sales||3||3|
|Average $/Sq Foot (Sold)||$1,122||$1,285|
|Listings put into Contract:||5||0|
|Total Homes Pending Sale:||24||20|
|Total Active Listings:||19||21|
|Average Price of Active Listings:||$2,983,000||$2,841,667|
|Average DOM of Active Listings:||20||19|
|Average $/Sq Foot (List)||$1,117||$1,145|
San Carlos Single Family Residences SoldBelow is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Difference||$/sq foot||DOM (days)|
|2072 Birch Avenue||$3,350,000||$3,350,000||$0 (0%)||$1,267||0|
|87 Bayport Court||$2,560,000||$2,399,999||+$160,001 (+6.7%)||$1,054||6|
|326 Elm Street||$2,375,000||$2,200,000||+$175,000 (+8.0%)||$1,357||2|
|2384 Brittan Avenue||$1,991,000||$1,898,000||+$93,000 (+4.9%)||$1,106||5|
|4 Alderlee Way||$1,965,000||$1,965,000||$0 (0%)||$829||0|
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)|
|133 Ruby Avenue||$2,398,000||5|
|1244 Elm Street||$2,998,000||3|
|3153 La Mesa Drive||$2,448,000||7|
|184 Cedar Street||$2,150,000||5|
|635 Park Avenue||$1,898,000||2|
San Carlos Single-Family Home ListingsBelow are the new listings that hit the market this past week in San Carlos. Click on the address of each home to see more details and photos:
|Address||List Price||BR/BA||Sq Ft (home/lot)||$/Square Foot||Listed By|
|147 Oakley Avenue||$3,950,000||5BR/4.5BA||4,839/21,780||$816||David Young, Coldwell Banker|
|1425 Aroyo Avenue||$3,895,000||5BR/3.5BA||2,919/4,500||$1,334||Sarah Ravella, Sothebys|
|1332 Pebble Drive||$3,875,000||4BR/5BA||4,250/17,536||$912||Ellen Larios, Sothebys|
|655 Bayport Avenue||$2,468,000||5BR/3.5BA||2,698/6,500||$915||Cheri Cerna, Coldwell Banker|
|2072 Arroyo Avenue||$2,298,000||3BR/2BA||1,810/5,000||$1,270||Robert Bredel Dwell|
|2901 Franciscan Court||$1,998,000||4BR/2.5BA||2,280/6,120||$876||Denise Cronan, Cronan Real Estate|
|635 Park Avenue||$1,898,000||3BR/2BA||1,492/6,050||$1,272||Tina Hurng, Maxreal|
|1059 Sunset Drive||$1,650,000||3BR/2BA||1,650/5,700||$1,000||Marla Perego, Coldwell Banker|
|496 Wellington Drive||$1,548,000||3BR/2BA||1,500/4,888||$1,032||Robert Bredel Dwell|
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.