The San Carlos Real Estate Week in Review: 10/11/21
October 11, 2021
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 Data | 10/10/2021 | Prior Week |
| Number of Closed Sales: | 7 | 5 |
| 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 Sales | 37 | 8 |
| Average $/Sq Foot (Sold) | $1,057 | $1,603 |
| Listings put into Contract: | 9 | 11 |
| Total Homes Pending Sale: | 41 | 38 |
| New Listings: | 6 | 7 |
| Total Active Listings: | 16 | 20 |
| Average Price of Active Listings: | $2,714,125 | $2,768,050 |
| Average DOM of Active Listings: | 38 | 30 |
| Average $/Sq Foot (List) | $1,193 | $1,195 |
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) |
| 369 Club Drive | $3,800,000 | $4,488,000 | -$688,000 (-15.3%) | $776 | 168 |
| 2024 Eucalyptus Avenue | $3,075,000 | $2,849,000 | +$226,000 (+7.9%) | $1,287 | 7 |
| 4 Alderlee Way | $2,580,000 | $2,598,000 | -$18,000 (-0.7%) | $1,089 | 18 |
| 269 Edgehill Drive | $2,450,000 | $2,599,000 | -$149,000 (-5.7%) | $848 | 12 |
| 2901 Brittan Avenue | $2,448,900 | $2,200,000 | +$248,900 (+11.3%) | $1,161 | 7 |
| 1500 Howard Avenue | $2,320,000 | $2,098,000 | +$222,000 (+10.6%) | $1,445 | 0 |
| 227 Winding Way | $1,541,850 | $1,649,000 | -$107,150 (-6.5%) | $795 | 44 |
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) |
| 2681 Thornhill Drive | $2,195,000 | 5 |
| 274 Loma Road | $2,395,000 | 10 |
| 379 Portofino Drive | $2,598,000 | 8 |
| 2 Coleman Court | $3,199,000 | 6 |
| 1016 Hewitt Drive | $2,395,000 | 6 |
| 2017 Brittan Avenue | $1,775,000 | 14 |
| 1090 Drake Court | $1,998,000 | 13 |
| 100 Chestnut Street | $2,389,000 | 7 |
| 1024 Hewitt Drive | $2,095,000 | 1 |
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 |
| 15 Highland Avenue | $3,495,000 | 4BR/3.5BA | 2,660/4,480 | $1,314 | Compass |
| 121 Northam Avenue | $3,149,000 | 5BR/3.5BA | 3,420/6,750 | $921 | Sereno |
| 238 Ruby Avenue | $2,148,000 | 4BR/2BA | 1,870/5,550 | $1,149 | Compass |
| 1024 Hewitt Drive | $2,095,000 | 3BR/2BA | 1,910/8,410 | $1,097 | Realty World |
| 53 Maple Way | $1,898,000 | 3BR/2BA | 1,430/5,550 | $1,327 | Illuminate |
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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