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 Data | 9/19/2021 | Prior Week |
| Number of Closed Sales: | 10 | 6 |
| 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 Sales | 19 | 9 |
| Average $/Sq Foot (Sold) | $1,206 | $1,244 |
| Listings put into Contract: | 8 | 3 |
| Total Homes Pending Sale: | 28 | 26 |
| New Listings: | 9 | 13 |
| Total Active Listings: | 18 | 18 |
| Average Price of Active Listings: | $2,786,472 | $2,944,821 |
| Average DOM of Active Listings: | 28 | 21 |
| 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.| Address | Sold Price | Orig. List | Premium Over List | $/sq foot | DOM (days) |
| 182 Coronado Avenue | $3,830,000 | $3,998,000 | -$168,000 (-4.2%) | $946 | 59 |
| 124 Devonshire Boulevard | $3,600,000 | $3,699,950 | -$99,950 (-4.2%) | $1,062 | 22 |
| 205 Beverly Drive | $2,950,000 | $2,950,000 | $0 (0%) | $1,277 | 19 |
| 795 Crestview Drive | $2,825,000 | $2,495,000 | +$330,000 (+13.2%) | $1,255 | 7 |
| 333 Molton Avenue | $2,300,000 | $2,150,000 | +$150,000 (+7.0%) | $1,198 | 6 |
| 1647 Walnut Street | $2,215,000 | $2,098,000 | +$117,000 (+5.6%) | $1,410 | 12 |
| 2710 Brittan Avenue | $2,100,000 | $1,975,000 | +$125,000 (+6.3%) | $1,556 | 12 |
| 2647 San Carlos Avenue | $1,901,000 | $1,988,000 | -$87,000 (-4.4%) | $888 | 30 |
| 10 Burnham Court | $1,900,000 | $1,949,000 | -$49,000 (-2.5%) | $974 | 11 |
| 1008 Sylvan Drive | $1,640,000 | $1,500,000 | +$140,000 (+9.3%) | $1,491 | 8 |
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) |
| 411 Ridge Roa | $2,580,000 | 7 |
| 855 Cabot Court | $2,998,000 | 8 |
| 256 Timothy Drive | $2,948,888 | 8 |
| 2707 San Carlos Avenue | $1,748,000 | 8 |
| 2540 San Carlos Avenue | $2,298,000 | 9 |
| 303 Portofino Drive | $2,495,000 | 8 |
| 1500 Elm Street | $2,950,000 | 7 |
| 3281 La Mesa Drive | $2,399,888 | 8 |
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 |
| 2024 Eucalyptus Avenue | $2,849,000 | 3BR/3BA | 2,390/5,000 | $1,192 | Dwell |
| 2803 Eaton Avenue | $2,400,000 | 4BR/2BA | 1,850/6,720 | $1,297 | Intero |
| 1526 Chestnut Street | $2,400,000 | 3BR/2BA | 2,140/4,400 | $1,121 | Dwell |
| 1733 Walnut Street | $2,198,000 | 3BR/2.5BA | 1,870/5,500 | $1,175 | Sothebys |
| 2258 Carmelita Drive | $2,150,000 | 3BR/2BA | 1,600/9,744 | $1,344 | RE/MAX |
| 1354 Saint Francis Way | $2,149,500 | 3BR/2BA | 1,870/5,500 | $1,294 | Dwell |
| 976 Hilltop Drive | $1,695,000 | 3BR/2BA | 1,480/4,400 | $1,145 | Dwell |
| 1651 Hull Drive | $1,495,000 | 3BR/1.5BA | 1,380/5,400 | $1,083 | Dwell |
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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