The San Carlos Real Estate Week in Review: 7/11/22
July 11, 2022
The Recap:
Welcome to the dog days of the summer real estate market in San Carlos. With many people on vacation, the activity in the market has unsurprisingly dropped a bit. Only 2 homes were put into contract and the inventory still remains on the higher side. What was surprising was the number of new listings (8) to hit the market last week. Normally, July is not a big listings month because most agents and sellers know that July is a quieter month. But I get the sense that sellers are weighing which is worse — listing in July, or risking the uncertainty of the economic climate in the fall — and some are choosing the former.
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 7/10/2022:| San Carlos SFR Data | 7/10/22 | Previous Week |
| Number of Closed Sales: | 2 | 2 |
| Average Sold Price: | $2,830,000 | $1,892,500 |
| Median Sold Price: | $2,830,000 | $1,892,500 |
| Average % Sold vs Orig List Price: | 101% | 103% |
| Average DOM of Closed Sales | 19 | 0 |
| Average $/Sq Foot (Sold) | $1,378 | $1,650 |
| Listings put into Contract: | 2 | 1 |
| Total Homes Pending Sale: | 14 | 13 |
| New Listings: | 8 | 2 |
| Total Active Listings: | 27 | 23 |
| Average Price of Active Listings: | $2,694,189 | $2,814,580 |
| Average DOM of Active Listings: | 24 | 27 |
| Average $/Sq Foot (List) | $1,295 | $1,258 |
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) |
| 212 Frances Lane | $3,360,000 | $3,450,000 | -$90,000 (-2.6%) | $1,000 | 25 |
| 233 Ruby Avenue | $2,300,000 | $2,198,000 | +$102,000 (+4.6%) | $1,756 | 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) |
| 157 Exeter Avenue | $2,468,000 | 10 |
| 1338 Geneva Avenue | $2,449,950 | 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 |
| 864 Bauer Drive | $2,995,000 | 4BR/2BA | 2,100/6,800 | $1,426 | Compass |
| 2200 Carmelita Drive | $2,698,000 | 2BR/2.5BA | 1,850/12,537 | $1,458 | Compass |
| 2721 Victoria Manor | $2,548,800 | 3BR/2BA | 1,560/5,500 | $1,634 | Sereno |
| 80 Dartmouth Avenue | $2,425,000 | 3BR/3BA | 2,060/8,249 | $1,177 | Samia Realty |
| 2617 San Carlos Avenue | $2,195,000 | 3BR/2BA | 2,070/6,816 | $1,060 | Coldwell Banker |
| 128 Dolton Avenue | $2,100,000 | 5BR/3BA | 2,300/8,775 | $913 | Fox Realty |
| 2301 Brittan Avenue | $1,999,900 | 3BR/2BA | 1,280/4,900 | $1,562 | Sereno |
| 1015 Riverton Drive | $1,949,000 | 3BR/2BA | 1,663/5,000 | $1,172 | 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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