The San Carlos Real Estate Week in Review: 10/18/21
October 18, 2021
The Recap.
If you recall the sales results from last week's report, there were more homes that sold below their asking price than above for that 7 day stretch, and I commented that this is not indicative of where the market is at right now. This past week's results are more in tune. Only 3 homes closed escrow, but the premiums that were paid over the asking price were huge — two of them garnered $500,000 premiums over the asking price. Also, some of the homes that went pending last week did similarly well, which means you'll continue to see some impressive prices on sold homes in San Carlos is the coming weeks as they close escrow.
The inventory of homes for sale in San Carlos got a nice bump with 9 new additions last week, but that still only leaves 15 homes for sale in the overall market in San Carlos. That's yet another reason why things are going to remain very competitive for the foreseeable future.
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 10/17/2021:| San Carlos SFR Data | 10/17/2021 | Prior Week |
| Number of Closed Sales: | 3 | 7 |
| Average Sold Price: | $3,028,333 | $2,602,250 |
| Median Sold Price: | $2,735,000 | $2,450,000 |
| Average % Sold vs Orig List Price: | 115% | 100% |
| Average DOM of Closed Sales | 5 | 37 |
| Average $/Sq Foot (Sold) | $1,295 | $1,057 |
| Listings put into Contract: | 6 | 9 |
| Total Homes Pending Sale: | 48 | 41 |
| New Listings: | 9 | 6 |
| Total Active Listings: | 15 | 16 |
| Average Price of Active Listings: | $2,875,463 | $2,714,125 |
| Average DOM of Active Listings: | 24 | 38 |
| Average $/Sq Foot (List) | $1,241 | $1,193 |
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) |
| 1532 Greenwood Avenue | $3,700,000 | $3,188,000 | +$512,000 (+16.1%) | $1,221 | 0 |
| 2258 Carmelita Drive | $2,650,000 | $2,150,000 | +$500,000 (+23.3%) | $1,656 | 9 |
| 411 Ridge Road | $2,735,000 | $2,580,000 | +$155,000 (+6.0%) | $1,007 | 7 |
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) |
| 70 Gateway Court | $3,599,000 | 31 |
| 1041 Walnut Street | $1,749,000 | 19 |
| 53 Maple Way | $1,898,000 | 9 |
| 121 Northam Avenue | $3,149,000 | 6 |
| 238 Ruby Avenue | $2,148,000 | 7 |
| 1024 San Remo Way | $1,950,000 | 6 |
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 |
| 1392 Rosewood Avenue | $3,700,000 | 4BR/3.5BA | 2,819/5,537 | $1,313 | Coldwell Banker |
| 2063 Belle Avenue | $3,500,000 | 4BR/4.5BA | 2,571/5,532 | $1,361 | Sereno |
| 104 Loma Road | $2,798,000 | 4BR/3BA | 2,563/8,125 | $1,092 | Sereno |
| 614 Terrace Road | $2,699,950 | 3BR/2.5BA | 2,410/15,000 | $1,120 | DUMAS & COMPANY |
| 1943 Brittan Avenue | $2,198,000 | 4BR/2BA | 1,780/5,000 | $1,235 | Sereno |
| 10 Granite Court | $2,150,000 | 3BR/2BA | 2,050/7,080 | $1,049 | Compass |
| 3140 Brittan Avenue | $2,098,000 | 3BR/2.5BA | 2,210/11,200 | $949 | Compass |
| 304 Arundel Road | $1,898,000 | 3BR/2BA | 1,395/5,504 | $1,361 | Keller Williams |
| 250 Park Avenue | $1,600,000 | 2BR/1BA | 1,110/4,400 | $1,441 | California Realty |
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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