The San Carlos Real Estate Week in Review: 9/20/21

September 20, 2021

The Recap.

Home buyers definitely took advantage of the post-Labor Day listing surge as the they put 8 homes into contract, versus only three from the prior week. The current inventory of homes for sale in San Carlos now sits at 18, and more new listings are definitely on the way. With several weeks of beautiful Fall weather in the forecast and more homes to choose from, it's a prime time to be in the home for a new home!

Prices on sold homes remained strong, but this past week there were 4 homes that sold below their respective asking prices. This may seem surprising after seeing numerous weeks of significant 6-figure premiums being paid for San Carlos homes, but it's bound to happen as the upper limits of pricing are being tested on some properties.

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 9/19/2021:
San Carlos SFR Data9/19/2021Prior Week
Number of Closed Sales:106
Average Sold Price:$2,526,100$2,446,000
Median Sold Price:$2,257,500$2,375,000
Average % Sold vs Orig List Price:103%107%
Average DOM of Closed Sales199
Average $/Sq Foot (Sold)$1,206$1,244
Listings put into Contract:83
Total Homes Pending Sale:2826
New Listings:913
Total Active Listings:1818
Average Price of Active Listings:$2,786,472$2,944,821
Average DOM of Active Listings:2821
Average $/Sq Foot (List)$1,162$1,116

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)
182 Coronado Avenue$3,830,000$3,998,000-$168,000 (-4.2%)$94659
124 Devonshire Boulevard$3,600,000$3,699,950-$99,950 (-4.2%)$1,06222
205 Beverly Drive$2,950,000$2,950,000$0 (0%)$1,27719
795 Crestview Drive$2,825,000$2,495,000+$330,000 (+13.2%)$1,2557
333 Molton Avenue$2,300,000$2,150,000+$150,000 (+7.0%)$1,1986
1647 Walnut Street$2,215,000$2,098,000+$117,000 (+5.6%)$1,41012
2710 Brittan Avenue$2,100,000$1,975,000+$125,000 (+6.3%)$1,55612
2647 San Carlos Avenue$1,901,000$1,988,000-$87,000 (-4.4%)$88830
10 Burnham Court$1,900,000$1,949,000-$49,000 (-2.5%)$97411
1008 Sylvan Drive$1,640,000$1,500,000+$140,000 (+9.3%)$1,4918

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)
411 Ridge Roa$2,580,0007
855 Cabot Court$2,998,0008
256 Timothy Drive$2,948,8888
2707 San Carlos Avenue$1,748,0008
2540 San Carlos Avenue$2,298,0009
303 Portofino Drive$2,495,0008
1500 Elm Street$2,950,0007
3281 La Mesa Drive$2,399,8888

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
2024 Eucalyptus Avenue$2,849,0003BR/3BA2,390/5,000$1,192Dwell
2803 Eaton Avenue$2,400,0004BR/2BA1,850/6,720$1,297Intero
1526 Chestnut Street$2,400,0003BR/2BA2,140/4,400$1,121Dwell
1733 Walnut Street$2,198,0003BR/2.5BA1,870/5,500$1,175Sothebys
2258 Carmelita Drive$2,150,0003BR/2BA1,600/9,744$1,344RE/MAX
1354 Saint Francis Way$2,149,5003BR/2BA1,870/5,500$1,294Dwell
976 Hilltop Drive$1,695,0003BR/2BA1,480/4,400$1,145Dwell
1651 Hull Drive$1,495,0003BR/1.5BA1,380/5,400$1,083Dwell

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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