The San Carlos Real Estate Week in Review: 3/28/22
March 28, 2022
The Recap:
After the dearth of listings that we discussed in the previous update, the inventory of homes in San Carlos bounced back a bit last week. 8 new listings hit the market, and only 3 were put into contract, so that helped get the inventory (barely) back into double digits. The good news is that more listings appear to be imminently hitting the market, so that will help give buyers even more to choose from. Regardless, to see the inventory this low as we enter the peak period of the spring market is a more than a little disconcerting for buyers.
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 3/27/2022:| San Carlos SFR Data | 3/27/22 | Previous Week |
| Number of Closed Sales: | 3 | 8 |
| Average Sold Price: | $3,391,667 | $2,708,750 |
| Median Sold Price: | $3,250,000 | $2,760,000 |
| Average % Sold vs Orig List Price: | 103% | 118% |
| Average DOM of Closed Sales | 15 | 5 |
| Average $/Sq Foot (Sold) | $1,289 | $1,493 |
| Listings put into Contract: | 3 | 8 |
| Total Homes Pending Sale: | 22 | 22 |
| New Listings: | 8 | 0 |
| Total Active Listings: | 11 | 6 |
| Average Price of Active Listings: | $3,670,718 | $4,031,333 |
| Average DOM of Active Listings: | 8 | 9 |
| Average $/Sq Foot (List) | $1,376 | $1,236 |
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) |
| 2049 Saint Francis Way | $4,900,000 | $4,949,000 | -$49,000 (-1.0%) | $1,314 | 25 |
| 248 Bayview Drive | $3,250,000 | $3,185,000 | +$65,000 (+2.0%) | $878 | 11 |
| 1971 Belle Avenue | $2,025,000 | $1,898,000 | +$127,000 (+6.7%) | $1,657 | 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) |
| 2001 Eaton Avenue | $2,748,000 | 3 |
| 2721 Clifford Avenue | $4,895,000 | 8 |
| 111 Brook Street | $2,650,000 | 10 |
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 |
| 518 Canyon Vista Way | $5,350,000 | 4BR/4.5BA | 3,460/22,977 | $1,546 | Compass |
| 1637 Greenwood Avenue | $4,495,000 | 5BR/3.5BA | 3,100/6,960 | $1,450 | Compass |
| 1564 Morse Boulevard | $3,850,000 | 4BR/3BA | 2,592/6,000 | $1,485 | Compass |
| 14 Estrada Place | $3,698,000 | 5BR/4.5BA | 4,400/33,229 | $840 | Compass |
| 11 Dickens Court | $2,895,000 | 4BR/2BA | 2,010/8,591 | $1,440 | Sothebys |
| 2916 Franciscan Court | $2,395,000 | 3BR/2BA | 1,580/6,850 | $1,516 | Compass |
| 990 Orange Avenue | $2,299,950 | 3BR/2BA | 1,500/5,000 | $1,533 | Dumas & Company |
| 1183 Walnut Street | $1,499,950 | 3BR/1BA | 1,320/4,920 | $1,136 | Dumas & Company |
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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