The San Carlos Real Estate Week in Review: 6/6/22
June 6, 2022
The Recap:
Whether it's the time of the year, or the economic conditions, or a combination of both, you can see some indications in the numbers below that are telltale of a market that is pulling back a little bit. Only two homes were put into contract, while the increase of new listings pushed the inventory up to 20 homes for sale. The average days on market is also starting to creep upward. None of these changes are significant or alarming on their own, but taken as a whole you can see that homes are just taking a little longer to sell right now.
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 6/5/2022:| San Carlos SFR Data | 6/5/22 | Previous Week |
| Number of Closed Sales: | 4 | 5 |
| Average Sold Price: | $3,368,750 | $2,760,000 |
| Median Sold Price: | $3,357,500 | $2,660,000 |
| Average % Sold vs Orig List Price: | 113% | 112% |
| Average DOM of Closed Sales | 13 | 9 |
| Average $/Sq Foot (Sold) | $1,826 | $1,505 |
| Listings put into Contract: | 2 | 8 |
| Total Homes Pending Sale: | 18 | 19 |
| New Listings: | 6 | 5 |
| Total Active Listings: | 20 | 15 |
| Average Price of Active Listings: | $2,924,498 | $2,960,797 |
| Average DOM of Active Listings: | 16 | 14 |
| Average $/Sq Foot (List) | $1,257 | $1,303 |
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) |
| 229 Park Avenue | $4,510,000 | $3,799,000 | +$711,000 (+18.7%) | $1,996 | 10 |
| 2125 Carmelita Drive | $3,895,000 | $3,895,000 | $0 (0%) | $1,414 | 28 |
| 1079 Hewitt Drive | $2,820,000 | $2,800,000 | +$20,000 (+0.7%) | $1,709 | 0 |
| 1632 Elm Street | $2,250,000 | $1,695,000 | +$555,000 (+32.7%) | $2,184 | 13 |
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) |
| 254 Kelton Avenue | $1,798,000 | 5 |
| 42 Arch Lane | $1,760,000 | 0 |
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 |
| 747 Knoll Drive | $4,798,000 | 5BR/3BA | 3,310/12,987 | $1,450 | Compass |
| 889 Bauer Drive | $2,895,000 | 4BR/2BA | 2,250/11,625 | $1,287 | Sothebys |
| 63 Exeter Avenue | $2,295,000 | 3BR/2BA | 2,160/7,505 | $1,063 | Sothebys |
| 6 Coleman Court | $2,288,000 | 3BR/2BA | 1,720/13,000 | $1,330 | Coldwell Banker |
| 1160 Elm Street | $1,975,000 | 3BR/2BA | 1,350/4,800 | $1,463 | Veritas |
| 1675 Brittan Avenue | $1,200,000 | 3BR/1BA | 1,150/5,800 | $1,043 | 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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