The San Carlos Real Estate Week in Review: 4/18/22
April 18, 2022
The Recap:
In an environment where eye-popping premiums being paid for San Carlos homes is becoming a weekly event, this past week still stands out. The average overbid for homes that sold last week was 24%. Even though this number was skewed by one ridiculously under-priced listing, there were still some really strong sales that show that this market is not running out of steam any time soon.
Inventory remains abnormally low for this time of year, with only 10 homes for sale in the entire city, which is playing a big part in why homes are still selling so far above the asking price. If the open house traffic this past weekend was any indication, there are still far more buyers than there are sellers in this market — and that will likely keep prices stable in the face of inflation and rising interest rates.
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 4/17/2022:| San Carlos SFR Data | 4/17/22 | Previous Week |
| Number of Closed Sales: | 7 | 10 |
| Average Sold Price: | $3,555,714 | $3,267,350 |
| Median Sold Price: | $3,600,000 | $3,105,500 |
| Average % Sold vs Orig List Price: | 124% | 112% |
| Average DOM of Closed Sales | 11 | 5 |
| Average $/Sq Foot (Sold) | $1,568 | $1,403 |
| Listings put into Contract: | 6 | 11 |
| Total Homes Pending Sale: | 22 | 24 |
| New Listings: | 6 | 4 |
| Total Active Listings: | 10 | 9 |
| Average Price of Active Listings: | $3,290,000 | $3,052,432 |
| Average DOM of Active Listings: | 10 | 10 |
| Average $/Sq Foot (List) | $1,425 | $1,384 |
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) |
| 2721 Clifford Avenue | $5,300,000 | $4,895,000 | +$405,000 (+8.3%) | $1,060 | 8 |
| 233 Molton Avenue | $3,760,000 | $3,199,000 | +$561,000 (+17.5%) | $1,755 | 4 |
| 205 Bayview Drive | $3,600,000 | $2,999,888 | +$600,112 (+20.0%) | $1,587 | 4 |
| 22 Shratton Avenue | $3,600,000 | $2,789,999 | +$810,001 (+29.0%) | $1,246 | 14 |
| 875 Heather Drive | $3,310,000 | $3,280,000 | -$190,000 (-5.4%) | $1,902 | 26 |
| 237 Timothy Drive | $3,050,000 | $2,950,000 | +$100,000 (+3.4%) | $1,201 | 7 |
| 30 Kenton Avenue | $2,270,000 | $1,179,000 | +$1,091,000 (+92.5%) | $2,225 | 15 |
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) |
| 1067 Hewitt Drive | $2,788,000 | 7 |
| 919 Lupin Way | $2,698,000 | 4 |
| 70 Hartford Avenue | $3,488,888 | 11 |
| 92 Bayview Drive | $2,699,000 | 6 |
| 1383 Rosewood Avenue | $1,650,000 | 13 |
| 1022 Cherry Street | $1,548,000 | 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 |
| 139 Windsor Drive | $4,150,000 | 4BR/4.5BA | 3,554/5,832 | $1,168 | Compass |
| 133 Plymouth Avenue | $3,098,000 | 4BR/3BA | 2,501/5,600 | $1,239 | Sereno |
| 2415 Eaton Avenue | $2,898,000 | 3BR/2BA | 1,925/8,778 | $1,505 | Sereno |
| 893 Cordilleras Avenue | $2,888,000 | 3BR/2BA | 1,905/6,343 | $1,516 | Compass |
| 21 Robin Way | $2,298,000 | 3BR/2BA | 1,720/5,000 | $1,336 | Intero |
| 1333 Cedar Street | $2,180,000 | 2BR/1BA | 1,160/5,700 | $1,879 | Compass |
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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