The San Carlos Real Estate Week in Review: 8/9/21

August 9, 2021

Week-in-Review

The Recap.

The San Carlos residential real estate market continued to flex its almost indefatigable strength last week as the numbers will attest to below. The 7 homes that closed escrow fetched an average of 18% above the list price, with over half of them enjoying premiums of $400,000 or more. The average price per square foot of all homes sold last week checked in at $1,455 — this is an amazing figure, considering that there were several large homes to close last week.

Buying activity remained very brisk, with 12 listing being locked up in just 7 days. The remaining inventory consists of 20 homes with an average sales price of nearly $3M. Yep, the numbers are pretty strong, and this summer market continues to buck the trend of normal summer slowdowns.

Have a great week! Here are the sales numbers from last week:

255 Club Drive

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 8/8/2021:
San Carlos SFR Data8/8/2021Prior Week
Number of Closed Sales:711
Average Sold Price:$2,673,179$2,570,000
Median Sold Price:$2,600,000$2,150,000
Average % Sold vs Orig List Price:118%111%
Average DOM of Closed Sales79
Average $/Sq Foot (Sold)$1,455$1,329
Listings put into Contract:127
Total Homes Pending Sale:3629
New Listings:510
Total Active Listings:2027
Average Price of Active Listings:$2,918,048$2,647,253
Average DOM of Active Listings:3324
Average $/Sq Foot (List)$1,133$1,214

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)
255 Club Drive$4,680,255$4,280,000+$400,255 (+9.4%)$1,44913
160 Plymouth Avenue$2,750,000$2,195,000+$555,000 (+25.3%)$1,9107
1125 Walnut Street$2,750,000$2,199,000+$551,000 (+25.1%)$1,5905
1384 Chestnut Street$2,600,000$2,150,000+$450,000 (+20.9%)$1,4597
240 Chesham Avenue$2,422,000$2,399,000+$23,000 (+1.0%)$1,0268
1560 Howard Avenue$1,860,000$1,597,000+$263,000 (+16.5%)$2,00012
945 Sunset Drive$1,650,000$1,298,888+$351,112 (+27.0%)$7500
160 Cedar Street

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 PriceDOM (days)
904 Lupin Way$1,998,00017
3266 Brittan Avenue$2,590,0009
47 Bayport Court$2,349,00019
47 Bayport Court$1,699,00010
90 Chestnut Street$1,988,0009
100 Alberta Avenue$2,195,0006
607 Dartmouth Avenue$2,149,0009
311 Dartmouth Avenue$2,141,88813
2424 San Carlos Avenue$1,597,00015
2423 Saint Francis Way$2,149,00028
101 Highland Avenue$1,599,00010
798 Cedar Street$1,998,0007

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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