The San Carlos Real Estate Week in Review: 11/8/21
November 8, 2021
The Recap.
Buying activity dropped quite a bit last week in San Carlos, as one might expect as we head into the final two months of the year. Only 3 homes were put into contract, while there were 9 new listings to hit the market. This disparity helped drive the inventory of homes for sale back up to 14 — still a very low number, but it's very consistent with the shortage of listings that we are experiencing throughout the Peninsula.
It's mind-boggling to see that the average price of a home listed in San Carlos right now has topped the $3M for at least the second week in a row. The barrier to entry just continues to get higher each week.
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 11/7/2021:| San Carlos SFR Data | 11/7/2021 | Prior Week |
| Number of Closed Sales: | 10 | 14 |
| Average Sold Price: | $2,550,000 | $2,301,321 |
| Median Sold Price: | $2,635,000 | $2,375,000 |
| Average % Sold vs Orig List Price: | 111% | 114% |
| Average DOM of Closed Sales | 8 | 10 |
| Average $/Sq Foot (Sold) | $1,328 | $1,347 |
| Listings put into Contract: | 3 | 7 |
| Total Homes Pending Sale: | 33 | 40 |
| New Listings: | 9 | 2 |
| Total Active Listings: | 14 | 10 |
| Average Price of Active Listings: | $3,144,286 | $3,327,200 |
| Average DOM of Active Listings: | 32 | 40 |
| Average $/Sq Foot (List) | $1,275 | $1,286 |
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) |
| 2 Coleman Court | $3,075,000 | $3,199,000 | -$124,000 (-3.9%) | $921 | 6 |
| 274 Loma Road | $3,030,000 | $2,395,000 | +$635,000 (+26.5%) | $1,722 | 10 |
| 1010 Crestview Drive | $2,980,000 | $3,000,000 | -$20,000 (-0.7%) | $1,296 | 9 |
| 100 Chestnut Street | $2,875,000 | $2,389,000 | +$486,000 (+20.3%) | $1,513 | 7 |
| 2540 San Carlos Avenue | $2,670,000 | $2,298,000 | +$372,000 (+16.2%) | $1,438 | 9 |
| 10 Granite Court | $2,600,000 | $2,150,000 | +$450,000 (+16.2%) | $1,268 | 7 |
| 33 Pine Avenue | $2,300,000 | $2,050,000 | +$250,000 (+12.2%) | $1,408 | 6 |
| 2832 Brittan Avenue | $2,200,000 | $1,895,000 | +$305,000 (+16.1%) | $1,419 | 11 |
| 2681 Thornhill Drive | $2,190,000 | $2,195,000 | -$5,000 (-0.2%) | $1,151 | 5 |
| 1651 Hull Drive | $1,580,000 | $1,495,000 | +$85,000 (+5.7%) | $1,438 | 6 |
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 | $5,550,000 | 0 |
| 212 Windsor Drive | $1,650,000 | 13 |
| 240 Oakview Drive | $1,828,000 | 5 |
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 |
| 2110 Saint Francis Way | $3,799,000 | 5BR/5BA | 2,969/5,500 | $1,280 | Compass |
| 174 Lemoore Drive | $3,298,000 | 5BR/4BA | 3,200/7,400 | $1,031 | Sothebys |
| 230 Pearl Avenue | $3,088,000 | 4BR/3.5BA | 2,367/4,400 | $1,305 | Compass |
| 3365 Melendy Drive | $2,500,000 | 4BR/2.5BA | 2,180/11,000 | $1,147 | Signature Realty |
| 263 Loma Road | $2,200,000 | 3BR/2BA | 1,760/8,880 | $1,250 | Parc |
| 23 Willow Glen Way | $1,748,800 | 3BR/2BA | 1,380/3,915 | $1,267 | eXp |
| 1460 Oakhurst Avenue | $1,698,000 | 3BR/1.5BA | 1,300/4,400 | $1,305 | Keller Williams |
| 984 Cherry Street | $1,368,000 | 2BR/1.5BA | 1,010/5,000 | $1,354 | 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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