The San Carlos Real Estate Week in Review: 12/6/21
December 6, 2021
The Recap.
Welcome to the first full week of December 2021! Even though the pace of the market has slowed somewhat due to the imminent holidays, the sales numbers from the red-hot market that took place in October and November are starting to register, and there were some big sales that closed last week. Four of the eight listings that closed enjoyed premiums of $500,000 or more above their respective asking prices, and the average premium paid was nearly 20% above. That's one of the highest levels we have seen in a year that just continues to smash sales records left and right.
Inventory remains extremely low, with only 4 single-family homes on the market currently. It will likely stay in that range until after the end of the year.
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 12/6/2021:| San Carlos SFR Data | 12/6/2021 | Prior Week |
| Number of Closed Sales: | 8 | 3 |
| Average Sold Price: | $2,563,265 | $2,245,167 |
| Median Sold Price: | $2,665,500 | $2,202,000 |
| Average % Sold vs Orig List Price: | 119% | 107% |
| Average DOM of Closed Sales | 5 | 11 |
| Average $/Sq Foot (Sold) | $1,426 | $1,286 |
| Listings put into Contract: | 1 | 4 |
| Total Homes Pending Sale: | 25 | 32 |
| New Listings: | 2 | 0 |
| Total Active Listings: | 4 | 4 |
| Average Price of Active Listings: | $3,650,500 | $4,599,500 |
| Average DOM of Active Listings: | 49 | 56 |
| Average $/Sq Foot (List) | $1,258 | $1,205 |
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) |
| 11 Raymond Court | $3,250,000 | $3,400,000 | -$150,000 (-4.4%) | $1,080 | 0 |
| 1800 Howard Avenue | $2,827,000 | $2,600,000 | +$227,000 (+8.7%) | $1,406 | 7 |
| 1100 Cordilleras Avenue | $2,725,000 | $2,398,000 | +$327,000 (+13.6%) | $1,546 | 1 |
| 1340 Central Avenue | $2,725,000 | $2,200,000 | +$525,000 (+23.9%) | $1,603 | 6 |
| 1051 Sunset Drive | $2,606,000 | $2,080,000 | +$526,000 (+25.3%) | $1,162 | 7 |
| 240 Oakview Drive | $2,400,000 | $1,828,000 | +$572,000 (+31.3%) | $1,611 | 5 |
| 985 McCue Avenue | $2,301,000 | $1,788,000 | +$513,000 (+28.7%) | $1,339 | 5 |
| 984 Cherry Street | $1,675,000 | $1,368,000 | +$307,000 (+22.4%) | $1,658 | 5 |
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) |
| 170 Rockridge Road | $2,798,000 | 11 |
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 |
| 1927 Arroyo Avenue | $2,899,000 | 4BR/3BA | 2,096/5,000 | $1,383 | Compass |
| 146 Hillcrest Road | $1,698,000 | 2BR/1BA | 1,250/17,250 | $1,358 | Sothebys |
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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