The San Carlos Real Estate Week in Review: 6/14/21
June 14, 2021
The Recap.
If you want a statistical representation of how hot the San Carlos real estate market has been recently, just look at the sold data below. For the first time that I can recall, both the average and median prices for homes that closed escrow in a given week surpassed $3,000,000. It wasn't long ago that seeing a single house sell for $3M in San Carlos was newsworthy — but to have that be just the average for a week? And if that's not enough to convince you, look at some of the premiums that were paid over the asking price. 25% of the homes that closed last week fetched premiums of $300,000 or more, with the top being $626,000 over the asking price. Yes, that's a hot market.
It doesn't help matters for buyers that we're entering a new week with only 11 homes for sale, and only a third of those are new listings from the previous week. Variety may be hard to come by in the upcoming summer months unless we see a big push in listings, which is not normally the case in June and July.
This week marks the return of the “unrestricted” open house. Although open houses returned a few weeks ago with social distancing and signing in, once the State of California officially re-opens tomorrow, the only restriction that will apply to open houses is that anyone who enters must still wear a mask. It's a minor annoyance, but it's still a huge improvement over not having any open houses at all.
Have a great 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 6/13/2021:San Carlos SFR Data | 6/13/2021 | Prior Week |
Number of Closed Sales: | 12 | 8 |
Average Sold Price: | $3,194,083 | $2,170,625 |
Median Sold Price: | $3,050,000 | $2,187,500 |
Average % Sold vs Orig List Price: | 108% | 109% |
Average DOM of Closed Sales | 11 | 7 |
Average $/Sq Foot (Sold) | $1,166 | $1,302 |
Listings put into Contract: | 6 | 6 |
Total Homes Pending Sale: | 38 | 45 |
New Listings: | 4 | 4 |
Total Active Listings: | 11 | 12 |
Average Price of Active Listings: | $2,766,091 | 2,937,083 |
Average DOM of Active Listings: | 28 | 34 |
Average $/Sq Foot (List) | $1,102 | $1,089 |
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) |
26 Cobblestone Lane | $4,625,000 | $3,999,000 | +$626,000 (+15.7%) | $895 | 8 |
717 Best Court | $3,898,000 | $3,898,000 | $0 (0%) | $926 | 5 |
116 Normandy Court | $3,850,000 | $3,598,000 | +$252,000 (+7.0%) | $1,318 | 9 |
1322 Pebble Drive | $3,675,000 | $3,875,000 | -$200,000 (-5.2%) | $865 | 19 |
1425 Arroyo Avenue | $3,650,000 | $3,895,000 | -$245,000 (-6.2%) | $1,250 | 38 |
2164 Carmelita Drive | $3,100,000 | $2,795,000 | +$305,000 (+10.9%) | $1,265 | 3 |
225 Ruby Avenue | $3,000,000 | $2,798,000 | +$202,000 (+7.2%) | $1,359 | 2 |
58 Club Drive | $3,000,000 | $2,998,000 | +$2,000 (+0.1%) | $923 | 8 |
39 Vine Street | $2,601,000 | $2,049,000 | +$552,000 (+26.9%) | $1,384 | 6 |
2032 Arroyo Avenue | $2,450,000 | $2,298,000 | +$152,000 (+6.6%) | $1,384 | 10 |
736 Dartmouth Avenue | $2,420,000 | $1,950,000 | +$470,000 (+24.1%) | $1,228 | 8 |
109 Brook Street | $2,060,000 | $1,998,000 | +$62,000 (+3.1%) | $1,193 | 13 |
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) |
1301 Greenwood Avenue | $1,998,000 | 10 |
1061 Porto Marino Drive | $2,199,000 | 0 |
435 Shelford Avenue | $2,498,000 | 15 |
2001 Eucalyptus Avenue | $3,695,000 | 56 |
18 Estrada Place | $5,500,000 | 0 |
11 Chilton Avenue | $1,779,000 | 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 |
255 Club Drive | $4,280,000 | 4BR/3BA | 3,230/38,988 | $1,325 | Intero |
201 Glasgow Lane | $3,448,000 | 5BR/3BA | 2,928/10,895 | $1,178 | Veritas Homes |
428 Sycamore Street | $1,969,000 | 3BR/2BA | 1,790/5,650 | $1,110 | Coldwell Banker |
9 Cambridge Street | $1,745,000 | 3BR/2BA | 1,350/4,095 | $1,293 | Perisson 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.
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