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 Data6/13/2021Prior Week
Number of Closed Sales:128
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 Sales117
Average $/Sq Foot (Sold)$1,166$1,302
Listings put into Contract:66
Total Homes Pending Sale:3845
New Listings:44
Total Active Listings:1112
Average Price of Active Listings:$2,766,0912,937,083
Average DOM of Active Listings:2834
Average $/Sq Foot (List)$1,102$1,089

717 Best Court

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)
26 Cobblestone Lane$4,625,000$3,999,000+$626,000 (+15.7%)$8958
717 Best Court$3,898,000$3,898,000$0 (0%)$9265
116 Normandy Court$3,850,000$3,598,000+$252,000 (+7.0%)$1,3189
1332 Pebble Drive$3,675,000$3,875,000-$200,000 (-5.2%)$86519
1425 Aroyo Avenue$3,650,000$3,895,000-$245,000 (-6.2%)$1,25038
2164 Carmelita Drive$3,100,000$2,795,000+$305,000 (+10.9%)$1,2653
255 Ruby Avenue$3,000,000$2,798,000+$202,000 (+7.2%)$1,3592
58 Club Drive$3,000,000$2,998,000+$2,000 (+0.1%)$9238
39 Vine Street$2,601,000$2,049,000+$552,000 (+26.9%)$1,3846
2032 Arroyo Avenue$2,450,000$2,298,000+$152,000 (+6.6%)$1,38410
736 Dartmouth Avenue$2,420,000$1,950,000+$470,000 (+24.1%)$1,2288
109 Brook Street$2,060,000$1,998,000+$62,000 (+3.1%)$1,19313

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:
AddressList Price DOM (days)
1301 Greenwood Avenue$1,998,00010
1061 Porto Marino Drive$2,199,0000
435 Shelford Avenue$2,498,00015
2001 Eucalyptus Avenue$3,695,00056
18 Estrada Place$5,500,0000
11 Chilton Avenue$1,779,0008
255 Club Drive

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:
AddressList PriceBR/BASq Ft (home/lot) $/Square FootListed By
255 Club Drive$4,280,0004BR/3BA3,230/38,988$1,325Intero
201 Glasgow Lane$3,448,0005BR/3BA2,928/10,895$1,178Veritas Homes
428 Sycamore Street$1,969,0003BR/2BA1,790/5,650$1,110Coldwell Banker
9 Cambridge Street$1,745,0003BR/2BA1,350/4,095$1,293Perisson 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.

Posted in:

Leave a Comment