The San Carlos Real Estate Week in Review: 5/30/22
May 30, 2022
The Recap:
Happy Memorial Day to everyone. I hope you are all finding a few minutes to relax and reflect on what this day is really all about.
Despite the plethora of bad economic news, the San Carlos real estate market seems to be holding its ground pretty well. Yes, it's apparent in some cases that there are fewer offers coming in, and it may take an extra open house weekend to get the house sold, but homes are still selling. If there is a sense of malaise in the the market, it can't all be blamed on the current economic situation. Today marks the unofficial start of summer, which historically means the intensity of the real estate market wanes a bit while everyone takes a little breather.
In fact Yahoo News reported this morning that summer travel reservations have jumped significantly in the past few months, signaling a return to the normal summer vacation pattern for many families, even despite an obvious uptick in Covid-19 cases. This means that we'll certainly feel a bit of a slowdown this summer, but it's important to bear in mind that a significant chunk of this slowdown is expected, and not a direct byproduct of the financial volatility that we're smack in the middle of.
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 5/29/2022:| San Carlos SFR Data | 5/29/22 | Previous Week |
| Number of Closed Sales: | 5 | 11 |
| Average Sold Price: | $2,760,000 | $3,131,791 |
| Median Sold Price: | $2,660,000 | $3,100,000 |
| Average % Sold vs Orig List Price: | 112% | 116% |
| Average DOM of Closed Sales | 9 | 5 |
| Average $/Sq Foot (Sold) | $1,505 | $1,580 |
| Listings put into Contract: | 8 | 5 |
| Total Homes Pending Sale: | 19 | 15 |
| New Listings: | 5 | 9 |
| Total Active Listings: | 15 | 20 |
| Average Price of Active Listings: | $2,960,797 | $2,882,750 |
| Average DOM of Active Listings: | 14 | 11 |
| Average $/Sq Foot (List) | $1,303 | $1,355 |
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) |
| 8 Elston Court | $3,400,000 | $2,988,000 | +$412,000 (+13.8%) | $1,172 | 6 |
| 240 Chesham Avenue | $2,720,000 | $2,788,000 | -$68,000 (-2.4%) | $1,153 | 15 |
| 143 Kelton Avenue | $2,660,000 | $2,349,000 | +$311,000 (+13.2%) | $1,663 | 6 |
| 1060 Crestview Drive | $2,600,000 | $2,199,000 | +$401,000 (+18.2%) | $1,538 | 11 |
| 120 Edgehill Drive | $2,420,000 | $2,050,000 | +$370,000 (+18.0%) | $2,000 | 5 |
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) |
| 2088 Brittan Avenue | $1,649,000 | 18 |
| 1354 Oakhurst Avenue | $1,588,000 | 10 |
| 2008 Howard Avenue | $2,495,000 | 8 |
| 148 Vine Street | $1,995,000 | 12 |
| 41 Walton Street | $2,798,000 | 9 |
| 517 Pearl Avenue | $3,398,000 | 5 |
| 140 Mesa Verde Way | $3,798,000 | 7 |
| 2088 Brittan Avenue | $1,649,000 | 18 |
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 |
| 9 Cypress Court | $3,298,000 | 4BR/2.5BA | 2,730/8,876 | $1,208 | Vabrato |
| 2160 Greenwood Avenue | $2,995,000 | 3BR/2BA | 1,969/8,680 | $1,521 | Ovation |
| 34 Chestnut Street | $2,578,000 | 4BR/2BA | 2,040/6,435 | $1,264 | Coldwell Banker |
| 975 Chestnut Street | $2,099,950 | 3BR/2BA | 1,290/5,885 | $1,628 | Dumas & Company |
| 254 Kelton Avenue | $1,798,000 | 2BR/1BA | 1,340/4,400 | $1,342 | Redfin |
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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