The San Carlos Real Estate Week in Review: 7/12/21
July 12, 2021
The Recap.
There was surprising surge of new listings last week in the San Carlos real estate market, especially considering that Monday was a national holiday. There were 14 new single-family listings to hit the market, which is a significant number for any week but even more pronounced in the middle of summer. That doubled the number of homes for sale from 10 to 20 in a very short amount of time, and I predicted in last week's report that this might happen.
201 Glasgow Lane sold last week for an eye-popping $4,080,000 — which easily set a record for any home sale in Highlands Park, and marks the first time a home sale has broken the $4M mark in that neighborhood. On top that, the average closed sale last week fetched a healthy 12% premium over the respective list price, so it's pretty clear that prices are not leveling off any time soon in San Carlos.
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 7/11/2021:| San Carlos SFR Data | 7/11/2021 | Prior Week |
| Number of Closed Sales: | 9 | 8 |
| Average Sold Price: | $2,654,333 | $2,550,162 |
| Median Sold Price: | $2,500,000 | $2,499,000 |
| Average % Sold vs Orig List Price: | 112% | 101% |
| Average DOM of Closed Sales | 17 | 23 |
| Average $/Sq Foot (Sold) | $1,302 | $1,176 |
| Listings put into Contract: | 4 | 9 |
| Total Homes Pending Sale: | 27 | 33 |
| New Listings: | 14 | 1 |
| Total Active Listings: | 20 | 10 |
| Average Price of Active Listings: | $2,728,636 | $3,436,795 |
| Average DOM of Active Listings: | 19 | 41 |
| Average $/Sq Foot (List) | $1,187 | $1,169 |
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) |
| 201 Glasgow Lane | $4,080,000 | $3,448,000 | +$632,000 (+18.3%) | $1,393 | 7 |
| 2001 Eucalyptus Avenue | $3,695,000 | $3,825,000 | -$130,000 (-3.4%) | $1,273 | 56 |
| 435 Shelford Avenue | $2,935,000 | $2,498,000 | +$437,000 (+17.5%) | $1,505 | 15 |
| 28 Bayview Drive | $2,630,000 | $2,195,000 | +$435,000 (+19.8%) | $1,330 | 7 |
| 11 Del Rey Court | $2,500,000 | $2,088,000 | +$412,000 (+19.7%) | $1,582 | 7 |
| 1719 Walnut Street | $2,310,000 | $1,995,000 | +$315,000 (+15.8%) | $1,582 | 24 |
| 26 Dover Court | $2,000,000 | $1,795,000 | +$205,000 (+11.4%) | $1,099 | 6 |
| 11 Chilton Avenue | $1,964,000 | $1,779,000 | +$185,000 (+10.4%) | $1,116 | 8 |
| 225 Lynton Avenue | $1,775,000 | $1,798,000 | -$23,000 (-1.3%) | $837 | 26 |
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) |
| 38 Winding Way | $2,880,000 | 16 |
| 1560 Howard Avenue | $1,597,000 | 12 |
| 147 Oakley Avenue | $3,750,000 | 97 |
| 362 Beverly Drive | $1,899,950 | 7 |
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 |
| 1101 Greenbrier Road | $2,999,950 | 5BR/3.5BA | 2,973/10,060 | $1,009 | Dumas & Company |
| 3410 Brittan Avenue | $2,995,000 | 4BR/2.5BA | 2,380/22,464 | $1,258 | Sothebys |
| 1521 Cedar Street | $2,698,000 | 4BR/3.5BA | 2,510/4,640 | $1,075 | Rainmaker |
| 3321 Melendy Drive | $2,498,888 | 4BR/2.5BA | 2,300/7,930 | $1,086 | Compass |
| 875 Buckland Avenue | $2,298,000 | 4BR/3BA | 1,890/7,200 | $1,216 | Coldwell Banker |
| 2423 Saint Francis Way | $2,275,000 | 3BR/3BA | 2,190/4,950 | $1,039 | Coldwell Banker |
| 160 Plymouth Avenue | $2,195,000 | 3BR/2BA | 1,440/8,190 | $1,524 | Compass |
| 1384 Chestnut Street | $2,150,000 | 4BR/3BA | 1,782/5,526 | $1,207 | Keller Williams |
| 800 Buckland Avenue | $1,999,888 | 3BR/2BA | 1,650/7,200 | $1,212 | Compass |
| 2647 San Carlos Avenue | $1,988,000 | 3BR/3BA | 2,140/7,000 | $929 | Urban Properties |
| 320 Cedar Street | $1,975,000 | 3BR/2BA | 1,799/6,500 | $1,098 | Coldwell Banker |
| 789 Orange Avenue | $1,680,000 | 2BR/1BA | 960/5,424 | $1,750 | Sothebys |
| 227 Winding Way | $1,649,000 | 3BR/2.5BA | 1,940/4,902 | $850 | RE/MAX |
| 1024 Inverness Drive | $1,398,000 | 2BR/1BA | 820/5,000 | $1,705 | Compass |
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: