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 Data | 4/10/22 | Previous Week |
| Number of Closed Sales: | 10 | 7 |
| 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 Sales | 5 | 11 |
| Average $/Sq Foot (Sold) | $1,403 | $1,570 |
| Listings put into Contract: | 11 | 6 |
| Total Homes Pending Sale: | 24 | 22 |
| New Listings: | 4 | 7 |
| Total Active Listings: | 9 | 14 |
| Average Price of Active Listings: | $3,052,432 | $3,214,203 |
| Average DOM of Active Listings: | 10 | 8 |
| Average $/Sq Foot (List) | $1.384 | $1,289 |
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) |
| 470 Erlin Drive | $4,600,000 | $4,918,000 | +$402,000 (+9.6%) | $1,438 | 10 |
| 1564 Morse Boulevard | $4,550,000 | $3,850,000 | +$700,000 (+18.2%) | $1,755 | 7 |
| 179 Fairmont Avenue | $4,300,000 | $3,850,000 | +$450,000 (+11.7%) | $1,026 | 6 |
| 227 Baytree Road | $3,500,000 | $3,500,000 | $0 (0%) | $1,203 | 0 |
| 221 Ruby Avenue | $3,251,000 | $2,890,000 | +$261,000 (+9.7%) | $1,420 | 6 |
| 2511 Nanette Drive | $2,960,000 | $2,699,000 | +$261,000 (+9.7%) | $1,370 | 1 |
| 415 Park Avenue | $2,720,000 | $2,178,000 | +$542,000 (+24.9%) | $1,766 | 8 |
| 355 Phelps Road | $2,700,000 | $2,448,000 | +$252,000 (+10.3%) | $1,233 | 5 |
| 2800 Brittan Avenue | $2,174,500 | $2,174,500 | $0 (0%) | $1,368 | 0 |
| 1183 Walnut Street | $1,918,000 | $1,499,950 | +$418,050 (+27.9%) | $1,453 | 9 |
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) |
| 2916 Franciscan Court | $2,395,000 | 11 |
| 1637 Greenwood Avenue | $4,495,000 | 13 |
| 378 Devonshire Boulevard | $2,088,000 | 4 |
| 14 Estrada Place | $3,698,000 | 12 |
| 17 Cranfield Avenue | $3,998,000 | 6 |
| 263 Winding Way | $2,850,000 | 0 |
| 990 Orange Avenue | $2,299,950 | 13 |
| 291 Hyde Park | $3,450,000 | 9 |
| 175 Ruby Avenue | $2,400,000 | 6 |
| 2072 Greenwood Avenue | $1,298,000 | 3 |
| 1067 Hewitt Drive | $2,788,000 | 7 |
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 |
| 240 Chesham Avenue | $2,788,000 | 3BR/5BA | 2,360/10,800 | $1,181 | Sothebys |
| 92 Bayview Drive | $2,699,000 | 3BR/2.5BA | 1,734/4,794 | $1,557 | Sereno |
| 919 Lupin Way | $2,698,000 | 3BR/2BA | 2,063/5,500 | $1,308 | Compass |
| 2072 Greenwood Avenue | $1,298,000 | 2BR/1BA | 1,020/4,360 | $1,273 | Urban |
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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