The San Carlos Real Estate Week in Review: 11/1/21
November 1, 2021
The Recap.
Welcome to November! We are heading into the final two months of 2021 with very little inventory and home prices that seem to climb unabated. Only two new listings entered the market last week, which was only enough to keep the inventory of homes for sale in San Carlos at 10. This is the lowest number that we've started a week with in a long time, but it's not surprising given where the calendar is at. November and December are usually low-inventory months as sellers will often n
Sales prices continue to go through the roof. If you look at the 14 homes that closed escrow last week, nearly half of them fetched premiums of $400,000 or more over their respective list prices. The average price per square foot also topped $1,300 for the second straight week, which is well above the running average for San Carlos. There are 40 homes still pending sale in San Carlos, and you will continue to see some impressive sales figures logged when these finally close escrow.
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 10/31/2021:| San Carlos SFR Data | 10/31/2021 | Prior Week |
| Number of Closed Sales: | 14 | 9 |
| Average Sold Price: | $2,301,321 | $3,135,778 |
| Median Sold Price: | $2,375,000 | $3,050,000 |
| Average % Sold vs Orig List Price: | 114% | 108% |
| Average DOM of Closed Sales | 10 | 8 |
| Average $/Sq Foot (Sold) | $1,347 | $1,300 |
| Listings put into Contract: | 7 | 6 |
| Total Homes Pending Sale: | 40 | 46 |
| New Listings: | 2 | 8 |
| Total Active Listings: | 10 | 16 |
| Average Price of Active Listings: | $3,327,200 | $2,963,625 |
| Average DOM of Active Listings: | 40 | 23 |
| Average $/Sq Foot (List) | $1,286 | $1,194 |
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) |
| 2803 Eaton Avenue | $2,810,000 | $2,400,000 | +$410,000 (+17.4%) | $1,519 | 8 |
| 1354 Saint Francis Way | $2,725,000 | $2,149,000 | +$576,000 (+26.8.4%) | $1,632 | 5 |
| 1950 Eaton Avenue | $2,600,500 | $2,419,500 | +$181,000 (+7.5%) | $1,391 | 10 |
| 63 Pine Avenue | $2,525,000 | $1,925,000 | +$600,000 (+31.2%) | $1,460 | 6 |
| 1559 Walnut Street | $2,525,000 | $2,248,000 | +$277,000 (+12.3%) | $932 | 5 |
| 182 Hillcrest Road | $2,400,000 | $1,998,000 | +$402,000 (+20.1%) | $1,383 | 0 |
| 158 Hillcrest Road | $2,400,000 | $1,958,000 | +$442,000 (+22.6%) | $1,491 | 9 |
| 953 Sunset Drive | $2,350,000 | $2,350,000 | $0 (0%) | $1,022 | 35 |
| 2273 Howard Avenue | $2,322,000 | $1,888,000 | +$434,000 (+23.0%) | $1,683 | 6 |
| 1733 Walnut Street | $2,260,000 | $2,198,000 | +$62,000 (+2.8%) | $1,209 | 7 |
| 2017 Brittan Avenue | $2,100,000 | $1,775,000 | +$325,000 (+18.3%) | $1,400 | 14 |
| 97 Hilltop Drive | $1,901,000 | $1,695,000 | +$206,000 (+12.2%) | $1,284 | 14 |
| 270 Arundel Road | $1,800,000 | $1,575,000 | +$225,000 (+14.3%) | $1,395 | 2 |
| 1011 Riverton Drive | $1,500,000 | $1,698,000 | -$198,000 (-11.7%) | $1,056 | 15 |
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) |
| 528 Canyon Vista Way | $5,500,000 | 0 |
| 1051 Sunset Drive | $2,080,000 | 7 |
| 985 Heather Drive | $1,925,000 | 7 |
| 985 McCue Avenue | $1,788,000 | 5 |
| 1800 Howard Avenue | $2,600,000 | 7 |
| 1340 Central Avenue | $2,200,000 | 6 |
| 124 Beverly Drive | $1,998,000 | 9 |
| 1110 Royal Lane | $1,988,000 | 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 |
| 25 Maple Way | $2,180,000 | 3BR/2BA | 1,610/5,060 | $1,354 | Keller Williams |
| 240 Oakview Drive | $1,828,000 | 3BR/2BA | 1,490/7,500 | $1,227 | Sereno |
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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