The San Carlos Real Estate Week in Review: 6/7/21

The Recap.

Welcome to June in San Carlos! There is a feeling of normality moving back into our everyday lives. More people are out and about and open houses are now back in full swing. Normalcy also means that people are taking vacations again, albeit mostly staying domestically. The vacation effect has been noticeable the past two weeks, as there seem to be fewer buyers out and the sense of urgency has dropped somewhat. But homes are still selling quickly, and the inventory of homes to choose from continues to dwindle. This week, we're starting off with only 12 homes for sale in the entire city, and that number will continue to drop this week as a few homes go pending. Until we get another surge of listings, the pickings are going to be slim for a few weeks.

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 6/6/2021:

San Carlos SFR Data	6/7/2021	Prior Week
Number of Closed Sales:	8	10
Average Sold Price:	$2,170,625	$2,639,400
Median Sold Price:	$2,187,500	$2,434,000
Average % Sold vs Orig List Price:	109%	111%
Average DOM of Closed Sales	7	8
Average $/Sq Foot (Sold)	$1,302	$1,172
Listings put into Contract:	6	11
Total Homes Pending Sale:	45	44
New Listings:	4	6
Total Active Listings:	12	14
Average Price of Active Listings:	2,937,083	$2,681,571
Average DOM of Active Listings:	34	28
Average $/Sq Foot (List)	$1,089	$1,172

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)
379 Elm Street	$3,050,000	$2,800,000	+$250,000 (+8.9%)	$835	7
165 Park Avenue	$2,860,000	$2,888,888	-$28,888 (-1.0%)	$1,067	16
888 Bauer Drive	$2,555,000	$1,899,950	+$655,050 (+34.5%)	$1,352	11
1357 Woodland Avenue	$2,275,000	$1,989,000	+$286,000 (+14.4%)	$1,506	5
2204 San Carlos Avenue	$2,100,000	$1,778,000	+$322,000 (+18.1%)	$1,304	8
338 Cedar Street	$1,625,000	$1,625,000	$0 (0%)	$1,533	2
1560 Howard Avenue	$1,600,000	$1,600,000	$0 (0%)	$1,720	0
946 Montgomery Street	$1,300,000	$1,350,000	-$50,000 (-3.7%)	$1,102	4

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)
1567 Greenwood Avenue	$1,740,000	4
1912 Howard Avenue	$1,945,000	20
26 Dover Court	$1,795,000	3
128 Brook Street	$1,600,000	7
1318 Pebble Drive	$2,295,000	6
1719 Walnut Street	$2,200,000	24

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
749 Orange Avenue	$2,998,998	4BR/3BA	2,636/5,950	$1,138	Linda Balogun
126 Fairbanks Avenue	$2,300,000	3BR/2.5BA	2,030/6,150	$1,133	Meadows Real Estate
324 Emerald Avenue	$1,995,000	3BR/2BA	1,460/6,000	$1,366	Midtown
11 Chilton Avenue	$1,779,000	3BR/2BA	1,760/5,661	$1,011	Alex Lehr Real Estate

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.