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 Data7/11/2021Prior Week
Number of Closed Sales:98
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 Sales1723
Average $/Sq Foot (Sold)$1,302$1,176
Listings put into Contract:49
Total Homes Pending Sale:2733
New Listings:141
Total Active Listings:2010
Average Price of Active Listings:$2,728,636$3,436,795
Average DOM of Active Listings:1941
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.
AddressSold PriceOrig. ListPremium Over List$/sq footDOM (days)
201 Glasgow Lane$4,080,000$3,448,000+$632,000 (+18.3%)$1,3937
2001 Eucalyptus Avenue$3,695,000$3,825,000-$130,000 (-3.4%)$1,27356
435 Shelford Avenue$2,935,000$2,498,000+$437,000 (+17.5%)$1,50515
28 Bayview Drive$2,630,000$2,195,000+$435,000 (+19.8%)$1,3307
11 Del Rey Court$2,500,000$2,088,000+$412,000 (+19.7%)$1,5827
1719 Walnut Street$2,310,000$1,995,000+$315,000 (+15.8%)$1,58224
26 Dover Court$2,000,000$1,795,000+$205,000 (+11.4%)$1,0996
11 Chilton Avenue$1,964,000$1,779,000+$185,000 (+10.4%)$1,1168
225 Lynton Avenue$1,775,000$1,798,000-$23,000 (-1.3%)$83726

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)
38 Winding Way$2,880,00016
1560 Howard Avenue$1,597,00012
147 Oakley Avenue$3,750,00097
362 Beverly Drive$1,899,9507

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
1101 Greenbrier Road$2,999,9505BR/3.5BA2,973/10,060$1,009Dumas & Company
3410 Brittan Avenue$2,995,0004BR/2.5BA2,380/22,464$1,258Sothebys
1521 Cedar Street$2,698,0004BR/3.5BA2,510/4,640$1,075Rainmaker
3321 Melendy Drive$2,498,8884BR/2.5BA2,300/7,930$1,086Compass
875 Buckland Avenue$2,298,0004BR/3BA1,890/7,200$1,216Coldwell Banker
2423 Saint Francis Way$2,275,0003BR/3BA2,190/4,950$1,039Coldwell Banker
160 Plymouth Avenue$2,195,0003BR/2BA1,440/8,190$1,524Compass
1384 Chestnut Street$2,150,0004BR/3BA1,782/5,526$1,207Keller Williams
800 Buckland Avenue$1,999,8883BR/2BA1,650/7,200$1,212Compass
2647 San Carlos Avenue$1,988,0003BR/3BA2,140/7,000$929Urban Properties
320 Cedar Street$1,975,0003BR/2BA1,799/6,500$1,098Coldwell Banker
789 Orange Avenue$1,680,0002BR/1BA960/5,424$1,750Sothebys
227 Winding Way$1,649,0003BR/2.5BA1,940/4,902$850RE/MAX
1024 Inverness Drive$1,398,0002BR/1BA820/5,000$1,705Compass

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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