The San Carlos Real Estate Week in Review: 3/7/22
March 7, 2022
The Recap:
The San Carlos real estate market continued to hum along at a red-hot pace last week. The home below at 528 Canyon Vista Way easily broke the $5M mark, and you will see others closing in the coming weeks well north of $4M. As I mentioned last week in this post, when inventory gets this tight prices will rise dramatically — and that's exactly what we are seeing right now. Even after all of the new listings that hit the market last week, there are still only 9 homes for sale in the entire City of San Carlos.
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 3/6/2022:| San Carlos SFR Data | 3/6/22 | Previous Week |
| Number of Closed Sales: | 7 | 7 |
| Average Sold Price: | $2,903,714 | $2,921,000 |
| Median Sold Price: | $2,708,000 | $2,580,000 |
| Average % Sold vs Orig List Price: | 109% | 121% |
| Average DOM of Closed Sales | 5 | 17 |
| Average $/Sq Foot (Sold) | $1,559 | $1,239 |
| Listings put into Contract: | 5 | 2 |
| Total Homes Pending Sale: | 20 | 20 |
| New Listings: | 5 | 5 |
| Total Active Listings: | 9 | 9 |
| Average Price of Active Listings: | $3,262,889 | $3,849,556 |
| Average DOM of Active Listings: | 8 | 6 |
| Average $/Sq Foot (List) | $1,427 | $1,297 |
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) |
| 528 Canyon Vista Way | $5,500,000 | $5,550,000 | -$50,000 (-0.9%) | $1,428 | 3 |
| 3362 Melendy Drive | $3,250,000 | $2,998,000 | +$252,000 (+17.1%) | $1,354 | 3 |
| 2678 San Carlos Avenue | $2,800,000 | $2,199,000 | +$601,000 (+27.3%) | $1,333 | 8 |
| 1817 Brittan Avenue | $2,708,000 | $2,198,000 | +$41,000 (+1.6%) | $1,593 | 10 |
| 379 De Anza Avenue | $2,590,000 | $2,549,000 | +$41,000 (+1.6%) | $1,484 | 12 |
| 263 Vine Street | $1,800,000 | $1,800,000 | $0 (0%) | $1,875 | 0 |
| 1005 Hall Street | $1,678,000 | $1,678,000 | +$41,000 (+1.6%) | $1,844 | 0 |
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) |
| 248 Bayview Drive | $3,185,000 | 11 |
| 2049 Saint Francis Way | $4,949,000 | 5 |
| 10 Burnham Court | $2,399,000 | 8 |
| 179 Fairmont Avenue | $3,850,000 | 6 |
| 310 Park Avenue | $2,795,000 | 12 |
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 |
| 2125 Carmelita Drive | $3,895,000 | 4BR/3.5BA | 2,754/5,995 | $1,414 | Compass |
| 355 Phelps Road | $2,448,000 | 3BR/2BA | 2,190/5,300 | $ | Sereno |
| 1617 Belmont Avenue | $2,198,000 | 3BR/2BA | 1,350/4,600 | $1,628 | Rainmaker |
| 415 Park Avenue | $2,178,000 | 4BR/2BA | 1,540/6,160 | $1,414 | Gateway Properties |
| 30 Kenton Avenue | $1,179,000 | 2BR/2BA | 1,020/7,240 | $1,156 | Berkshire Hathaway |
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.
Posted in: