The San Carlos Real Estate Week in Review: 7/5/21

July 5, 2021

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The Recap.

I hope everyone had a safe and happy 4th of July weekend, and that you were able to spend time with friends and family — something that we haven't been able to do for over a year. Home buyers stayed busy lasts week, putting 9 homes into contract in San Carlos. There was only one new listing to test the holiday week market, so this imbalance has depleted the inventory of homes for sale to 10 in the entire city, which is nearly half of what we started the week with. If there's a glimmer of hope for buyers, it's that there are another 10 private listings or “coming soon” properties that will be hitting the market in the weeks after the 4th.

If you were able to peruse my post last week recapping the first half of the year in San Carlos, you're very aware that our micro-market has climbed to new all time highs as far as average sales price and total sales revenue. Those lofty prices keep popping up in our stats below. Taking into account that there are only 10 homes for sale, it's still shocking to see that the average list price for homes for sale in San Carlos is nearly $3.5M! And be prepared to see a jump in the number of homes that have sold for over $4M in the coming weeks.

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 7/4/2021:
San Carlos SFR Data7/5/2021Prior Week
Number of Closed Sales:813
Average Sold Price:$2,550,162$2,315,962
Median Sold Price:$2,499,000$2,320,000
Average % Sold vs Orig List Price:101%110%
Average DOM of Closed Sales2312
Average $/Sq Foot (Sold)$1,176$1,323
Listings put into Contract:912
Total Homes Pending Sale:3329
New Listings:17
Total Active Listings:1018
Average Price of Active Listings:$3,436,795$2,779,111
Average DOM of Active Listings:4122
Average $/Sq Foot (List)$1,169$1,172

626 Wellington Drive

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. ListPremium Over List$/sq footDOM (days)
626 Wellington Drive$3,730,000$3,688,000+$42,000 (+1.1%)$1,1306
425 Shelford Avenue$3,650,000$3,900,000-$250,000 (-6.4%)$98663
3363 Melendy Drive$3,200,000$3,495,000-$295,000 (-8.4%)$94178
1731 Brittan Avenue$2,888,000$1,988,888+$899,112 (+45.2%)$1,2770
909 Heather Drive$2,600,000$2,260,000+$340,000 (+15.0%)$1,6679
101 Vista Del Grande$2,398,000$2,398,000$0 (0%)$1,05617
1301 Greenwood Avenue$2,235,927$1,998,000+$237,297 (+11.9%)$1,47110
1137 Walnut Street$1,700,000$1,675,000+$25,000 (+1.5%)$1,4170

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)
11 Del Rey Court$2,088,0007
95 Hilltop Drive$1,598,00010
1125 Walnut Street$2,199,0005
2424 Saint Francis Way$1,648,00011
9 Cambridge Street$1,745,00016
160 Rogers Avenue$1,695,0005
977 Crestview Drive$2,485,0008
240 Chesham Avenue$2,399,0008
517 Cedar Street$1,749,0007
362 Beverly 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
362 Beverly Drive$1,899,9503BR/2BA1,700/9,000$1,118Intero

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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