The San Carlos Real Estate Week in Review: 8/2/21
August 2, 2021
The Recap.
This past week I was interviewed by the San Mateo Daily Journal to talk about home prices and the housing demand on the Peninsula. I know I've posted these numbers already on the blog, but the average price of a single-family home in San Carlos has jumped by 15% over last year, and the total sales revenue has jumped by a whopping 54% from last year. That market strength was on display last week, as you can see from the sales figures below. 10 new listings hit the market, which is really a rarity for the last week of July. But it's clear that the market is gearing up for a VERY strong fall season, and unless something drastically different happens, 2021 will set sales records across the board 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 8/1/2021:| San Carlos SFR Data | 8/1/2021 | Prior Week |
| Number of Closed Sales: | 11 | 6 |
| Average Sold Price: | $2,570,000 | $2,970,186 |
| Median Sold Price: | $2,150,000 | $2,718,058 |
| Average % Sold vs Orig List Price: | 111% | 113% |
| Average DOM of Closed Sales | 9 | 11 |
| Average $/Sq Foot (Sold) | $1,329 | $1,224 |
| Listings put into Contract: | 7 | 7 |
| Total Homes Pending Sale: | 29 | 34 |
| New Listings: | 10 | 8 |
| Total Active Listings: | 27 | 22 |
| Average Price of Active Listings: | $2,647,253 | $2,654,629 |
| Average DOM of Active Listings: | 24 | 23 |
| Average $/Sq Foot (List) | $12,140 | $1,131 |
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) |
| 18 Estrada Place | $5,500,000 | $5,500,000 | $0 (0%) | $1,192 | 0 |
| 322 Elm Street | $3,220,000 | $2,998,000 | +$77,000 (+2.6%) | $1,277 | 6 |
| 1120 Hudson | $3,075,000 | $2,798,000 | +$277,000 (+9.9%) | $1,183 | 9 |
| 977 Crestview Drive | $2,960,000 | $2,485,000 | +$475,000 (+19.1%) | $1,076 | 8 |
| 126 Fairbanks Avenue | $2,230,000 | $2,300,000 | -$70,000 (-3.0%) | $1,099 | 17 |
| 160 Rogers Avenue | $2,150,000 | $1,695,000 | +$455,000 (+26.8%) | $1,355 | 5 |
| 517 Cedar Street | $2,000,000 | $1,749,000 | +$251,000 (+14.4%) | $1,550 | 7 |
| 95 Hilltop Drive | $1,925,000 | $1,598,000 | +$327,000 (+20.5%) | $1,275 | 10 |
| 9 Cambridge Street | $1,900,000 | $1,745,000 | +$155,000 (+8.9%) | $1,407 | 16 |
| 2424 Saint Francis Way | $1,800,000 | $1,648,000 | +$152,000 (+9.2%) | $1,364 | 11 |
| 1024 Inverness Drive | $1,510,000 | $1,398,000 | +$112,000 (+8.0%) | $1,841 | 9 |
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) |
| 883 Cordilleras Avenue | $3,875,000 | 0 |
| 2100 Carmelita Drive | $1,898,000 | 13 |
| 23 Vine Street | $2,295,000 | 12 |
| 184 Lyndhurst Avenue | $1,998,000 | 6 |
| 316 Devonshire Boulevard | $1,798,000 | 6 |
| 6 Walton Street | $2,285,000 | 7 |
| 908 Walnut Street | $1,655,000 | 9 |
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 |
| 205 Beverly Drive | $2,950,000 | 3BR/3BA | 2,310/8,750 | $1,277 | dwell |
| 113 Glasgow Lane | $2,800,000 | 4BR/2.5BA | 2,290/7,002 | $1,223 | dwell |
| 293 Club Drive | $2,788,000 | 4BR/3BA | 2,550/65,000 | $1,093 | Coldwell Banker |
| 848 Knoll Drive | $2,588,000 | 3BR/2BA | 1,650/11,200 | $1,568 | Better Homes |
| 2123 Belle Avenue | $2,299,000 | 3BR/3BA | 2,160/5,720 | $1,064 | Coldwell Banker |
| 100 Alberta Avenue | $2,195,000 | 3BR/2BA | 1,630/5,940 | $1,347 | Compass |
| 607 Dartmouth Avenu | $2,149,000 | 3BR/3BA | 1,780/8,750 | $1,207 | Compass |
| 798 Cedar Street | $1,998,000 | 3BR/2BA | 1,450/5,610 | $1,450 | KW |
| 90 Chestnut Street | $1,988,000 | 3BR/2BA | 1,570/6,350 | $1,266 | Coldwell Banker |
| 101 Highland Avenue | $1,599,000 | 2BR/1.5BA | 1,049/6,241 | $1,524 | Young Platinum Group |
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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