The San Carlos Real Estate Week in Review: 6/28/21
June 28, 2021
The Recap.
San Carlos home prices continue to surge to all time highs, and we'll discuss some of those data points in more detail later this week when I recap the first 6 months of 2021. There were some very large premiums paid over the asking price for homes that closed last week — a trend we've consistently seen as we've emerged from the COVID lockdown — and there doesn't seem to be anything holding this market back. Even persistent talk of inflation hasn't tempered the intensity of the market. I was perusing the open house of a $4.5M listing in Woodside yesterday, and it was packed with legitimate and motivated buyers. As you'll see in the numbers later this week, this market is still surging full steam ahead.
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 6/27/2021:| San Carlos SFR Data | 6/27/2021 | Prior Week |
| Number of Closed Sales: | 13 | 12 |
| Average Sold Price: | $2,315,962 | $2,419,867 |
| Median Sold Price: | $2,320,000 | $2,500,000 |
| Average % Sold vs Orig List Price: | 110% | 112% |
| Average DOM of Closed Sales | 12 | 13 |
| Average $/Sq Foot (Sold) | $1,323 | $1,312 |
| Listings put into Contract: | 12 | 3 |
| Total Homes Pending Sale: | 29 | 30 |
| New Listings: | 7 | 15 |
| Total Active Listings: | 18 | 24 |
| Average Price of Active Listings: | $2,779,111 | $2,794,079 |
| Average DOM of Active Listings: | 22 | 17 |
| Average $/Sq Foot (List) | $1,172 | $1,155 |
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 | Premium Over List | $/sq foot | DOM (days) |
| 1573 Chestnut Street | $3,195,000 | $3,195,000 | $0 (0%) | $1,198 | 51 |
| 202 Timothy Drive | $3,000,000 | $2,898,000 | +$102,000 (+3.5%) | $1,180 | 7 |
| 58 Chestnut Street | $2,650,000 | $2,398,000 | +$252,000 (+10.5%) | $1,280 | 5 |
| 757 Knoll Drive | $2,635,000 | $2,698,000 | -$63,000 (-2.3%) | $1,187 | 8 |
| 1567 Greenwood Avenue | $2,405,000 | $1,740,000 | +$665,000 (+38.2%) | $1,730 | 4 |
| 428 Sycamore Street | $2,400,000 | $1,969,000 | +$431,000 (+21.9%) | $1,341 | 4 |
| 2211 Howard Avenue | $2,320,000 | $1,968,000 | +$352,000 (+17.9%) | $1,742 | 7 |
| 203 Clifton Avenue | $2,275,000 | $2,182,000 | +$93,000 (+4.3%) | $1,043 | 14 |
| 2032 Howard Avenue | $2,205,000 | $1,858,000 | +$347,000 (+18.7%) | $1,441 | 8 |
| 1453 Walnut Street | $2,200,000 | $2,098,000 | +$102,000 (+4.9%) | $1,084 | 4 |
| 1551 Walnut Street | $1,800,000 | $1,798,000 | +$2,000 (+0.1%) | $1,023 | 17 |
| 2621 Thornhill Drive | $1,630,000 | $1,699,500 | -$69,500 (-4.1%) | $1,415 | 20 |
| 940 Holly Street | $1,392,000 | $1,249,000 | +$143,000 (+11.4%) | $1,538 | 8 |
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) |
| 126 Fairbanks Avenue | $2,300,000 | 17 |
| 324 Emerald Avenue | $1,995,000 | 16 |
| 754 Cordilleras Avenue | $1,849,888 | 8 |
| 332 Devonshire Boulevard | $4,198,000 | 5 |
| 749 Orange Avenue | $2,998,998 | 18 |
| 1360 Oakhurst Avenue | $1,798,000 | 6 |
| 1120 Hudson Court | $2,798,000 | 9 |
| 332 Elm Street | $2,998,000 | 6 |
| 830 Buckland Avenue | $2,198,000 | 7 |
| 520 Club Drive | $2,898,000 | 8 |
| 2417 Melendy Drive | $1,999,000 | 10 |
| 225 Club Drive | $4,280,000 | 13 |
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 |
| 90 Loma Road | $4,750,000 | 5BR/3.5BA | 3,396/16,400 | $1,399 | Realty World |
| 977 Crestview Drive | $2,485,000 | 4BR/2.5BA | 2,750/12,714 | $904 | Sothebys |
| 240 Chesham Avenue | $2,399,000 | 3BR/4BA | 2,360/10,800 | $1,017 | Green Banker |
| 1125 Walnut Street | $2,199,000 | 3BR/2BA | 1,730/4,920 | $1,271 | Reali |
| 517 Cedar Street | $1,749,000 | 3BR/1BA | 1,290/5,824 | $1,356 | Coldwell Banker |
| 160 Rogers Avenue | $1,695,000 | 3BR/2BA | 1,587/4,840 | $1,068 | Sothebys |
| 1560 Howard Avenue | $1,600,000 | 2BR/2BA | 930/5,520 | $1,720 | Better Homes |
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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