The San Carlos Real Estate Week in Review: 5/24/21
May 24, 2021
The Recap.
Buyers outworked the sellers this week, with 11 homes being put into contract versus only 7 new listings. Home prices remain strong, and some significant 6-fixure premiums were paid to lock up some of the more recent sales, which has become almost normal the past few months in San Carlos.
While buying activity still remains strong, this is the time of year when we start to see “buyer fatigue” — a topic that I'll cover later this week on the blog.
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 5/23/2021:| San Carlos SFR Data | 5/23/2021 | Prior Week |
| Number of Closed Sales: | 10 | 4 |
| Average Sold Price: | $2,684,700 | $1,979,222 |
| Median Sold Price: | $2,850,000 | $1,925,000 |
| Average % Sold vs Orig List Price: | 107% | 112% |
| Average DOM of Closed Sales | 10 | 7 |
| Average $/Sq Foot (Sold) | $1,364 | $1,334 |
| Listings put into Contract: | 11 | 9 |
| Total Homes Pending Sale: | 42 | 40 |
| New Listings: | 7 | 14 |
| Total Active Listings: | 20 | 26 |
| Average Price of Active Listings: | $2,876,450 | $2,683,549 |
| Average DOM of Active Listings: | 26 | 22 |
| Average $/Sq Foot (List) | $1,092 | $1,169 |
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) |
| 924 Heather Drive | $3,600,000 | $2,995,000 | +$605,000 (+20.2%) | $1,286 | 11 |
| 2016 Birch Avenue | $3,450,000 | $3,450,000 | $0 (0%) | $1,331 | 6 |
| 267 Garnet Avenue | $3,105,000 | $3,298,000 | -$193,000 (-5.9%) | $1,121 | 2 |
| 230 Exeter Avenue | $2,995,000 | $2,885,000 | +$100,000 (+3.5%) | $933 | 11 |
| 260 Kelton Avenue | $2,850,000 | $2,798,000 | +$52,000 (+1.9%) | $1,097 | 13 |
| 1714 Elizabeth Street | $2,850,000 | $2,299,000 | +$551,000 (+24.0%) | $1,462 | 7 |
| 2072 Arroyo Avenue | $2,500,000 | $2,298,000 | +$202,000 (+8.8%) | $1,381 | 8 |
| 1 Maple Way | $2,035,000 | $1,898,000 | +$137,000 (+8.8%) | $1,241 | 5 |
| 1801 Greenwood Avenue | $1,837,000 | $1,735,000 | +$102,000 (+5.9%) | $2,213 | 4 |
| 2063 Belle Avenue | $1,625,000 | $1,625,000 | $0 (0%) | $1,578 | 0 |
San Carlos Single-Family Homes Pending Sale
The following single-family homes were put 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) |
| 324 Oakview Drive | $3,248,888 | 25 |
| 1015 Holly Street | $1,898,888 | 32 |
| 2211 Howard Avenue | $1,968,0000 | 7 |
| 525 Sycamore Street | $2,799,000 | 8 |
| 26 Maple Way | $1,798,000 | 8 |
| 2616 Thornhill Drive | $1,699,500 | 20 |
| 202 Timothy Drive | $2,898,000 | 7 |
| 2032 Brittan Avenue | $1,858,000 | 8 |
| 28 Bayview Drive | $2,195,000 | 7 |
| 940 Holly Street | $1,249,000 | 8 |
| 757 Knoll Drive | $2,698,000 | 8 |
San Carlos New 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 |
| 26 Cobblestone Lane | $3,999,000 | 6BR/5BA | 5,170/12,300 | $774 | Anna Ow, Compass |
| 58 Club Drive | $2,998,000 | 5BR/3.5BA | 3,251/7,200 | $922 | Robert Bredel Dwell |
| 1010 Crestview Drive | $2,668,000 | 4BR/2.5BA | 2,300/8,176 | $1,160 | Bryan Jacobs, RealSmart |
| 58 Chestnut Street | $2,398,000 | 3BR/2BA | 2,070/7,975 | $1,158 | Robert Bredel Dwell |
| 909 Heather Drive | $2,260,000 | 3BR/2BA | 1,560/10,220 | $1,449 | Laura Bertolacci Dwell |
| 1453 Walnut Street | $2,098,000 | 4BR/2BA | 2,030/4,400 | $1,033 | Charles Gillooley, Compass |
| 225 Lytton Avenue | $1,798,000 | 3BR/2.5BA | 2,120/7,205 | $848 | 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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