The San Carlos Real Estate Week in Review: 8/1/22

August 1, 2022


The Recap:

Welcome to the first week of August, 2022. After what was a very sluggish month of July, we're entering August with 38 single-family homes for sale. If you've followed the San Carlos real estate market at all for the past 10 year or so, you'll know that's a fatter number than we are used to. The good news is that it appears that activity is starting to pick up again now that vacations are drawing to a close and home buyers are back on task. Still, this is a the kind of environment that buyers have been craving for a long time, minus the high interest rates and the convulsing stock market.

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 7/31/2022:
San Carlos SFR Data7/31/22Previous Week
Number of Closed Sales:25
Average Sold Price:$3,040,00$2,216,990
Median Sold Price:$3,040,00$2,235,000
Average % Sold vs Orig List Price:103%105%
Average DOM of Closed Sales1015
Average $/Sq Foot (Sold)$1,519$1,615
Listings put into Contract:51
Total Homes Pending Sale:107
New Listings:74
Total Active Listings:3836
Average Price of Active Listings:$2,704,323$2,714,837
Average DOM of Active Listings:2723
Average $/Sq Foot (List)$1,360$1,339

1917 Howard Avenue

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.
AddressSold PriceOrig. ListPremium Over List$/sq footDOM (days)
1917 Howard Avenue$3,650,000$3,395,000+$255,000 (+7.5%)$1,42910
860 Cedar Street$2,430,000$2,468,000-$38,000 (-1.5%)$1,60910

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:
AddressList PriceDOM (days)
2200 Carmelita Drive$2,698,00018
228 Queens Court$4,998,00063
2403 Howard Avenue$2,495,0007
1015 Riverton Drive$1,949,00022
946 Montgomery Street$1,688,0008
1252 Crestview Drive

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:
AddressList PriceBR/BASq Ft (home/lot) $/Square FootListed By
3308 Melendy Drive$3,300,0003BR/2.5BA2,470/7,630$1,336Compass
1252 Crestview Drive$2,995,0004BR/2.5BA2,270/7,800$1,319Coldwell Banker
1030 Crestview Drive$2,995,0004BR/2BA2,450/7,571$1,222Oz Realty
1374 Alameda$2,750,0004BR/3BA1,740/1,500$1,580Compass
1561 Chestnut Street$2,550,0003BR/2BA1,540/5,650$1,656Coldwell Banker
2653 San Carlos Avenue$2,395,0004BR/4BA2,350/7,000$1,019United Banker
52 Exeter Avenue$2,395,0005BR/3BA2,320/9,000$1,032Keller Williams

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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