The San Carlos Real Estate Week in Review: 10/11/21

October 11, 2021

Week-in-review-2

The Recap.

The first full week of October saw buying activity outpace selling activity in San Carlos. Nine homes were put into contract while only six new listings hit the market. This pushed the inventory of homes for sale down to 16 in all of San Carlos, which is the lowest level that we've seen in quite a few weeks. In fact, there is only one home currently for sale in all of White Oaks which gives you an indication of how tight the market is heading into mid October.

The other interesting stat from last week was that more homes sold below than their respective asking price than above — that's a statistical rarity for San Carlos, and I don't expect a trend to develop out of that any time soon.

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 10/10/2021:
San Carlos SFR Data10/10/2021Prior Week
Number of Closed Sales:75
Average Sold Price:$2,602,250$2,475,000
Median Sold Price:$2,450,000$2,515,000
Average % Sold vs Orig List Price:100%112%
Average DOM of Closed Sales378
Average $/Sq Foot (Sold)$1,057$1,603
Listings put into Contract:911
Total Homes Pending Sale:4138
New Listings:67
Total Active Listings:1620
Average Price of Active Listings:$2,714,125$2,768,050
Average DOM of Active Listings:3830
Average $/Sq Foot (List)$1,193$1,195

15 Highland Avenue

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)
369 Club Drive$3,800,000$4,488,000-$688,000 (-15.3%)$776168
2024 Eucalyptus Avenue$3,075,000$2,849,000+$226,000 (+7.9%)$1,2877
4 Alderlee Way$2,580,000$2,598,000-$18,000 (-0.7%)$1,08918
269 Edgehill Drive$2,450,000$2,599,000-$149,000 (-5.7%)$84812
2901 Brittan Avenue$2,448,900$2,200,000+$248,900 (+11.3%)$1,1617
1500 Howard Avenue$2,320,000$2,098,000+$222,000 (+10.6%)$1,4450
227 Winding Way$1,541,850$1,649,000-$107,150 (-6.5%)$79544

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)
2681 Thornhill Drive$2,195,0005
274 Loma Road$2,395,00010
379 Portofino Drive$2,598,0008
2 Coleman Court$3,199,0006
1016 Hewitt Drive$2,395,0006
2017 Brittan Avenue$1,775,00014
1090 Drake Court$1,998,00013
100 Chestnut Street$2,389,0007
1024 Hewitt Drive$2,095,0001
238 Ruby Avenue

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
15 Highland Avenue$3,495,0004BR/3.5BA2,660/4,480$1,314Compass
121 Northam Avenue$3,149,0005BR/3.5BA3,420/6,750$921Sereno
238 Ruby Avenue$2,148,0004BR/2BA1,870/5,550$1,149Compass
1024 Hewitt Drive$2,095,0003BR/2BA1,910/8,410$1,097Realty World
1024 San Remo Way$1,950,0003BR/2BA1,770/10,000$1,102Compass
53 Maple Way$1,898,0003BR/2BA1,430/5,550$1,327Illuminate

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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