The San Carlos Real Estate Week in Review: 8/15/22

August 15, 2022

Week-in-review-2

The Recap:

The San Carlos real estate market started to show some signs of life last week, compared to the waning days of July where we saw very little activity. Three homes were put into contract last week, and it's apparent that more buyers our out looking again. The inventory of homes still for sale in San Carlos has not changed much, and is still abnormally high at 40, but we're getting the sense that buyers are returning to the ring after a few months of vacation. This coming week should be very telltale.

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 8/14/2022:
San Carlos SFR Data8/14/22Previous Week
Number of Closed Sales:33
Average Sold Price:$3,268,333$2,691,667
Median Sold Price:$2,155,000$2,500,000
Average % Sold vs Orig List Price:103%89%
Average DOM of Closed Sales1042
Average $/Sq Foot (Sold)$1,111$1,265
Listings put into Contract:33
Total Homes Pending Sale:1310
New Listings:55
Total Active Listings:4041
Average Price of Active Listings:$2,623,281$2,625,762
Average DOM of Active Listings:3129
Average $/Sq Foot (List)$1,311$1,330

1 Lewis Ranch Road

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)
1 Lewis Ranch Road$5,650,000$4,898,000+$752,000 (+15.4%)$1,0024
2072 Eucalyptus Avenue$2,000,000$1,888,000+$112,000 (+5.9%)$1,7240

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)
889 Bauer Drive$2,495,00070
1561 Chestnut Street$2,448,00015
10 Val Mar Place$2,879,00042
116 Mesa Verde Way

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
116 Mesa Verde Way$3,399,8884BR/2.5BA2,600/9,996$1,308Intero
914 Crestview Drive$3,000,0003BR/2BA3,010/7,000$997Compass
470 Emerald Avenue$2,398,0003BR/2BA1,737/5,500$1,381Sothebys
127 Wildwood Avenue$1,998,0002BR/2BA1,210/6,650$1,651Coldwell Banker
205 Club Drive$1,825,0003BR/2.5BA2,029/17,262$899Compass

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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