The San Carlos Real Estate Week in Review: 7/18/22
July 18, 2022
The Recap:
The numbers in the summary table below tell you a lot about what you need to know about the summer market in San Carlos: 3 of the 4 homes that closed escrow last week sold below their original asking price, and the average of sold price versus original list price fell below 100% for the first time in many months.
There was only one home put into contract while 10 new listings hit the market, which means inventory is continuing to grow. As of this morning there are 34 homes for sale in San Carlos, which is a much different situation than a few months ago.
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 7/17/2022:San Carlos SFR Data | 7/17/22 | Previous Week |
Number of Closed Sales: | 4 | 2 |
Average Sold Price: | $2,550,000 | $2,830,000 |
Median Sold Price: | $2,550,000 | $2,830,000 |
Average % Sold vs Orig List Price: | 96% | 101% |
Average DOM of Closed Sales | 19 | 19 |
Average $/Sq Foot (Sold) | $1,197 | $1,378 |
Listings put into Contract: | 1 | 2 |
Total Homes Pending Sale: | 11 | 14 |
New Listings: | 10 | 8 |
Total Active Listings: | 34 | 27 |
Average Price of Active Listings: | $2,188,278 | $2,694,189 |
Average DOM of Active Listings: | 20 | 24 |
Average $/Sq Foot (List) | $1,303 | $1,295 |
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) |
9 Cypress Court | $3,000,000 | $3,298,000 | -$298,000 (-9.0%) | $1,099 | 20 |
221 Coronado Avenue | $2,700,000 | $2,850,000 | -$150,000 (-5.3%) | $957 | 26 |
34 Chestnut Street | $2,400,000 | $2,578,000 | -$178,000 (-6.9%) | $1,176 | 19 |
1160 Elm Street | $2,100,000 | $1,975,000 | +$125,000 (+6.3%) | $1,756 | 11 |
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) |
270 Vine Street | $1,900,000 | 20 |
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 |
1020 Porto Marino | $4,298,000 | 4BR/4BA | 3,472/8,856 | $1,238 | Compass |
732 Knoll Drive | $3,895,000 | 4BR/3BA | 3,860/12,330 | $1,009 | Vision |
150 Dolton Avenue | $3,699,950 | 4BR/2.5BA | 3,360/19,166 | $1,101 | Intero |
108 Edgehill Drive | $3,500,000 | 3BR/1.5BA | 830/10,035 | $4,217 | Altera |
891 Heather Drive | $2,995,000 | 4BR/2.5BA | 2,080/8,442 | $1,440 | Compass |
1912 White Oak Way | $2,895,000 | 4BR/3BA | 1,690/5,550 | $1,713 | Sereno |
2701 Eaton Avenue | $2,795,000 | 3BR/2BA | 1,970/6,120 | $1,419 | Sereno |
369 Cedar Street | $2,250,000 | 2BR/1BA | 1,170/8,310 | $1,923 | Reali |
224 Oakview Drive | $1,99,900 | 3BR/2BA | 1,553/5,916 | $1,288 | Anew Elite |
755 Dartmouth Avenue | $1,988,000 | 3BR/2BA | 1,702/7,000 | $1,168 | Deleon |
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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