The San Carlos Real Estate Week in Review: 6/20/22
June 20, 2022
The Recap:
When you study the numbers in the “At a Glance” section below, you start to see little indications of the pressure that the current market is under. The average days on the market has been inching upward each week, with this week sitting at 21 days. You'll also note some red ink in the totals, where a home sold below the asking price. The other indication that the pace of the market is slowing down a bit is the fact that there are more homes for sale (21) than there are pending sale (15). In a hot market like we've been experiencing over the past decade or so, that ratio is usually flipped, as new listings would normally get snapped up in the first week and there are far more homes pending sale than for 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 6/19/2022:| San Carlos SFR Data | 6/19/22 | Previous Week |
| Number of Closed Sales: | 10 | 5 |
| Average Sold Price: | $2,737,500 | $2,900,000 |
| Median Sold Price: | $2,360,000 | $2,725,000 |
| Average % Sold vs Orig List Price: | 109% | 104% |
| Average DOM of Closed Sales | 11 | 5 |
| Average $/Sq Foot (Sold) | $1,525 | $1,568 |
| Listings put into Contract: | 7 | 3 |
| Total Homes Pending Sale: | 15 | 17 |
| New Listings: | 4 | 4 |
| Total Active Listings: | 21 | 21 |
| Average Price of Active Listings: | $2,918,661 | $2,764,659 |
| Average DOM of Active Listings: | 21 | 20 |
| Average $/Sq Foot (List) | $1,244 | $1,251 |
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) |
| 747 Knoll Drive | $4,875,000 | $4,798,000 | +$77,000 (+1.6%) | $1,473 | 6 |
| 140 Mesa Verde Way | $4,300,000 | $3,798,000 | +$502,000 (+13.2%) | $1,458 | 7 |
| 1628 Gover Lane | $2,780,000 | $2,600,000 | +$180,000 (+6.9%) | $1,418 | 6 |
| 1621 Cordilleras Avenue | $2,500,000 | $2,398,000 | +$102,000 (+4.3%) | $1,582 | 6 |
| 875 Orange Avenue | $2,450,000 | $2,198,000 | +$252,000 (+11.5%) | $1,224 | 6 |
| 1544 Magnolia Avenue | $2,275,000 | $1,954,888 | +$320,112 (+16.4%) | $1,596 | 15 |
| 21 Robin Way | $2,270,000 | $2,298,000 | -$28,000 (-1.2%) | $1,320 | 36 |
| 254 Kelton Avenue | $2,250,000 | $1,798,000 | +$452,000 (+25.1%) | $1,679 | 5 |
| 148 Vine Street | $2,200,000 | $1,995,000 | +$205,000 (+10.3%) | $1,667 | 21 |
| 1036 Inverness Drive | $1,500,000 | $1,398,000 | +$102,000 (+7.3%) | $1,829 | 7 |
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) |
| 1160 Elm Street | $1,975,000 | 11 |
| 34 Chestnut Street | $2,578,000 | 19 |
| 9 Cypress Court | $2,995,000 | 20 |
| 975 Chestnut Street | $2,099,950 | 21 |
| 221 Coronado | $2,845,000 | 26 |
| 549 Prospect Street | $1,699,000 | 36 |
| 2160 Greenwood Avenue | $2,995,000 | 21 |
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 |
| 1 Lewis Ranch Road | $5,600,000 | 7BR/6.5BA | 5,640/37,839 | $993 | Guide |
| 671 Wellington Drive | $2,895,000 | 4BR/3.5BA | 2,550/8,400 | $1,136 | Compass |
| 500 Prospect Street | $2,295,000 | 3BR/2BA | 1,480/7,050 | $1,383 | Compass |
| 2043 Saint Francis Way | $2,198,000 | 3BR/2BA | 1,543/4,400 | $1,425 | Sereno |
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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