The San Carlos Real Estate Week in Review: 5/23/22
May 23, 2022
The Recap:
The sales numbers that registered this week were quite impressive considering how much stress the market is currently under. 10 of the 11 homes that closed escrow last week got significant 6-figure premiums over their respective asking prices, with 5 of them notching at least $500,000 upsides. Most of these homes were put into contract just before the market started to show signs of stress, so it will be interesting to see how the sales results of subsequent weeks compares.
Inventory is starting to build back up, finally. This is the first week in a long time where the number of homes for sale is larger than the number of homes pending sale.
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 5/22/2022:| San Carlos SFR Data | 5/22/22 | Previous Week |
| Number of Closed Sales: | 11 | 4 |
| Average Sold Price: | $3,131,791 | $3,693,750 |
| Median Sold Price: | $3,100,000 | $3,437,500 |
| Average % Sold vs Orig List Price: | 116% | 108% |
| Average DOM of Closed Sales | 5 | 8 |
| Average $/Sq Foot (Sold) | $1,580 | $1,248 |
| Listings put into Contract: | 5 | 2 |
| Total Homes Pending Sale: | 15 | 20 |
| New Listings: | 9 | 9 |
| Total Active Listings: | 20 | 17 |
| Average Price of Active Listings: | $2,882,750 | $2,661,693 |
| Average DOM of Active Listings: | 11 | 9 |
| Average $/Sq Foot (List) | $1,355 | $1,365 |
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) |
| 348 Hill Way | $4,700,000 | $4,700,000 | $0 (0%) | $1,307 | 0 |
| 133 Plymouth Avenue | $3,907,000 | $3,098,000 | +$809,000 (+26.1%) | $1,562 | 5 |
| 156 Colton Avenue | $3,510,000 | $2,798,000 | +$712,000 (+25.4%) | $1,360 | 6 |
| 919 Lupin Way | $3,350,000 | $2,698,000 | +$652,000 (+24.2%) | $1,624 | 4 |
| 1985 Saint Francis Way | $3,300,000 | $2,798,888 | +$501,112 (+17.9%) | $1,366 | 3 |
| 893 Cordilleras Avenue | $3,100,000 | $2,888,000 | +$212,000 (+17.9%) | $1,627 | 3 |
| 92 Bayview Drive | $2,870,000 | $2,699,000 | +$171,000 (+6.3%) | $1,655 | 6 |
| 378 Devonshire Boulevard | $2,615,000 | $2,088,000 | +$527,000 (+25.2%) | $1,355 | 4 |
| 1381 Rosewood Avenue | $2,521,700 | $2,249,000 | +$272,700 (+12.1%) | $1,681 | 3 |
| 1333 Cedar Street | $2,416,000 | $2,180,000 | +$236,000 (+10.8%) | $2,083 | 8 |
| 940 Hall Street | $2,160,000 | $1,750,000 | +$410,000 (+10.8%) | $1,756 | 14 |
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) |
| 2848 Tramanto Drive | $2,649,000 | 8 |
| 233 Ruby Avenue | $2,300,000 | 13 |
| 1544 Magnolia Avenue | $1,954,888 | 15 |
| 21 Robin Way | $2,298,000 | 36 |
| 1628 Gover Lane | $2,600,000 | 6 |
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 |
| 228 Queens Court | $5,650,000 | 5BR/4.5BA | 5,530/22,750 | $1,022 | Sothebys |
| 140 Mesa Verde Way | $3,798,000 | 4BR/2.5BA | 2,950/12,213 | $1,287 | Veritas |
| 517 Pearl Avenue | $3,398,000 | 4BR/3.5BA | 2,650/7,100 | $1,282 | Sothebys |
| 221 Coronado Avenue | $2,850,000 | 4BR/2.5BA | 2,820/12,000 | $1,011 | Park Lane |
| 41 Walton Street | $2,798,000 | 3BR/2BA | 1,670/6,700 | $1,675 | Keller Williams |
| 34 Chestnut Street | $2,698,000 | 4BR/2BA | 2,040/6,435 | $1,323 | Coldwell Banker |
| 2008 Howard Avenue | $2,495,000 | 3BR/2BA | 1,670/5,520 | $1,494 | Sereno |
| 42 Arch Lane | $2,075,000 | 3BR/2BA | 1,220/9,600 | $1,701 | Sereno |
| 1036 Inverness Drive | $1,398,000 | 2BR/1BA | 820/5,000 | $1,705 | Guide |
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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