The San Carlos Real Estate Week in Review: 4/11/22

April 11, 2022


The Recap:

Perhaps it's because interest rates are significantly increasing, but home buyers were very busy last week in San Carlos. 11 homes were put into contract, while only 4 new homes hit the market. This disparity literally drained the inventory of homes for sale in the entire city from double digits back down to 9.

For the second straight week, the average price of a home sold in San Carlos topped $3,000,000. For those of you who have lived in this great community of a few decades, this has to seem unreal. Either that or you've gotten so used to it like I have that nothing surprises you anymore! Either way, this market seems to keep setting new heights each week so brace yourselves for more crazy numbers next 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 4/10/2022:
San Carlos SFR Data4/10/22Previous Week
Number of Closed Sales:107
Average Sold Price:$3,267,350$3,067,454
Median Sold Price:$3,105,500$3,115,000
Average % Sold vs Orig List Price:112%114%
Average DOM of Closed Sales511
Average $/Sq Foot (Sold)$1,403$1,570
Listings put into Contract:116
Total Homes Pending Sale:2422
New Listings:47
Total Active Listings:914
Average Price of Active Listings:$3,052,432$3,214,203
Average DOM of Active Listings:108
Average $/Sq Foot (List)$1.384$1,289

1564 Morse Boulevard

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.
AddressSold PriceOrig. ListPremium Over List$/sq footDOM (days)
470 Erlin Drive$4,600,000$4,918,000+$402,000 (+9.6%)$1,43810
1564 Morse Boulevard$4,550,000$3,850,000+$700,000 (+18.2%)$1,7557
179 Fairmont Avenue$4,300,000$3,850,000+$450,000 (+11.7%)$1,0266
227 Baytree Road$3,500,000$3,500,000$0 (0%)$1,2030
221 Ruby Avenue$3,251,000$2,890,000+$261,000 (+9.7%)$1,4206
2511 Nanette Drive$2,960,000$2,699,000+$261,000 (+9.7%)$1,3701
415 Park Avenue$2,720,000$2,178,000+$542,000 (+24.9%)$1,7668
355 Phelps Road$2,700,000$2,448,000+$252,000 (+10.3%)$1,2335
2800 Brittan Avenue$2,174,500$2,174,500$0 (0%)$1,3680
1183 Walnut Street$1,918,000$1,499,950+$418,050 (+27.9%)$1,4539

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:
AddressList PriceDOM (days)
2916 Franciscan Court$2,395,00011
1637 Greenwood Avenue$4,495,00013
378 Devonshire Boulevard$2,088,0004
14 Estrada Place$3,698,00012
17 Cranfield Avenue$3,998,0006
263 Winding Way$2,850,0000
990 Orange Avenue$2,299,95013
291 Hyde Park Avenue$3,450,0009
175 Ruby Avenue$2,400,0006
2072 Greenwood Avenue$1,298,0003
1067 Hewitt Drive$2,788,0007
919 Lupin Way

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:
AddressList PriceBR/BASq Ft (home/lot) $/Square FootListed By
240 Chesham Avenue$2,788,0003BR/5BA2,360/10,800$1,181Sothebys
92 Bayview Drive$2,699,0003BR/2.5BA1,734/4,794$1,557Sereno
919 Lupin Way$2,698,0003BR/2BA2,063/5,500$1,308Compass
2072 Greenwood Avenue$1,298,0002BR/1BA1,020/4,360$1,273Urban

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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