The San Carlos Real Estate Week in Review: 10/25/21
October 25, 2021
The Recap.
I hope everyone survived the weather onslaught yesterday. Although we desperately need the rain, intense storms like these highlight deferred maintenance and latent defects on homes, such as dirty roofs, clogged gutters, and plugged downspouts. Those alone usually result in unexpected roof leaks, and I imagine there were quite a few of those yesterday. It's a good reminder that there's more to home ownership than just paying the mortgage — homes require a LOT of preventative maintenance against weather events like these, and the cost of neglect is multiple times higher than the cost of prevention.
We enter this week with 16 homes for sale in the City of San Carlos, which is just about the same as last week. This is the last full week of October, which usually marks the end of the Fall real estate market. But with inventory as sparse as it currently is, we could see the hot streak last all the way through the winter.
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 10/24/2021:| San Carlos SFR Data | 10/24/2021 | Prior Week |
| Number of Closed Sales: | 9 | 3 |
| Average Sold Price: | $3,135,778 | $3,028,333 |
| Median Sold Price: | $3,050,000 | $2,735,000 |
| Average % Sold vs Orig List Price: | 108% | 115% |
| Average DOM of Closed Sales | 8 | 5 |
| Average $/Sq Foot (Sold) | $1,300 | $1,295 |
| Listings put into Contract: | 6 | 6 |
| Total Homes Pending Sale: | 46 | 48 |
| New Listings: | 8 | 9 |
| Total Active Listings: | 16 | 15 |
| Average Price of Active Listings: | $2,963,625 | $2,875,463 |
| Average DOM of Active Listings: | 23 | 24 |
| Average $/Sq Foot (List) | $1,194 | $1,241 |
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) |
| 2717 Clifford Avenue | $4,750,000 | $4,750,000 | $0 (0%) | $1,098 | 15 |
| 883 Cordilleras Avenue | $3,875,000 | $3,875,000 | $0 (0%) | $1,287 | 0 |
| 1500 Elm Street | $3,405,000 | $2,950,000 | +$455,000 (+15.4%) | $1,448 | 7 |
| 855 Cabot Court | $3,150,000 | $2,998,000 | +$152,000 (+5.1%) | $1,235 | 8 |
| 256 Timothy Drive | $3,050,000 | $2,948,888 | +$101,112 (+3.4%) | $1,344 | 8 |
| 1526 Chestnut Street | $2,790,000 | $2,400,000 | +$390,000 (+16.3%) | $1,304 | 7 |
| 3281 La Mesa Drive | $2,682,000 | $2,399,888 | +$282,212 (+11.8%) | $1,024 | 8 |
| 391 Portofino Drive | $2,420,000 | $2,448,000 | -$28,000 (-1.1%) | $1,280 | 14 |
| 2707 San Carlos Avenue | $2,100,000 | $1,748,000 | +$352,000 (+20.1%) | $1,680 | 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) |
| 304 Arundel Road | $1,898,000 | 6 |
| 614 Terrace Road | $2,699,950 | 4 |
| 2017 Brittan Avenue | $1,775,000 | 14 |
| 3140 Brittan Avenue | $2,098,000 | 6 |
| 1008 Holly Street | $1,498,000 | 19 |
| 10 Granite Court | $2,150,000 | 7 |
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 |
| 538 Canyon Vista Way | $5,595,000 | 4BR/4.5BA | 4,061/24,890 | $1,378 | Compass |
| 1800 Howard Avenue | $2,600,000 | 3BR/2BA | 2,010/5,320 | $1,294 | Sothebys |
| 1340 Central Avenue | $2,200,000 | 3BR/2BA | 1,700/8,000 | $1,294 | Compass |
| 1051 Sunset Drive | $2,080,000 | 4BR/3BA | 2,243/5,500 | $927 | Sothebys |
| 124 Beverly Drive | $1,998,000 | 4BR/2BA | 1,890/5,900 | $1,057 | Sothebys |
| 895 Heather Drive | $1,925,000 | 3BR/2BA | 1,690/8,560 | $1,139 | Gateway |
| 985 McCue Avenue | $1,788,000 | 3BR/2BA | 1,718/5,250 | $1,041 | Compass |
| 212 Windsor Drive | $1,650,000 | 2BR/2BA | 1,462/7,738 | $1,129 | Keller Williams |
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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