The San Carlos Real Estate Week in Review: 4/5/2021.

April 5, 2021


The Recap.

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 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 4/4/2021:
San Carlos SFR Data4/4/2021Previous Week
Number of Closed Sales:53
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 Sales33
Average $/Sq Foot (Sold)$1,122$1,285
Listings put into Contract:50
Total Homes Pending Sale:2420
New Listings:99
Total Active Listings:1921
Average Price of Active Listings:$2,983,000$2,841,667
Average DOM of Active Listings:2019
Average $/Sq Foot (List)$1,117$1,145

2384 Brittan 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)
2072 Birch Avenue$3,350,000$3,350,000$0 (0%)$1,2670
87 Bayport Court$2,560,000$2,399,999+$160,001 (+6.7%)$1,0546
326 Elm Street$2,375,000$2,200,000+$175,000 (+8.0%)$1,3572
2384 Brittan Avenue$1,991,000$1,898,000+$93,000 (+4.9%)$1,1065
4 Alderlee Way$1,965,000$1,965,000$0 (0%)$8290

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)
133 Ruby Avenue$2,398,0005
1244 Elm Street$2,998,0003
3153 La Mesa Drive$2,448,0007
184 Cedar Street$2,150,0005
635 Park Avenue$1,898,0002

1332 Pebble Drive

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
147 Oakley Avenue$3,950,0005BR/4.5BA4,839/21,780$816David Young, Coldwell Banker
1425 Aroyo Avenue$3,895,0005BR/3.5BA2,919/4,500$1,334Sarah Ravella, Sothebys
1332 Pebble Drive$3,875,0004BR/5BA4,250/17,536$912Ellen Larios, Sothebys
655 Bayport Avenue$2,468,0005BR/3.5BA2,698/6,500$915Cheri Cerna, Coldwell Banker
2072 Arroyo Avenue$2,298,0003BR/2BA1,810/5,000$1,270Robert Bredel Dwell
2901 Franciscan Court$1,998,0004BR/2.5BA2,280/6,120$876Denise Cronan, Cronan Real Estate
635 Park Avenue$1,898,0003BR/2BA1,492/6,050$1,272Tina Hurng, Maxreal
1059 Sunset Drive$1,650,0003BR/2BA1,650/5,700$1,000Marla Perego, Coldwell Banker
496 Wellington Drive$1,548,0003BR/2BA1,500/4,888$1,032Robert 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.

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