The San Carlos Real Estate Week in Review: 8/15/22
August 15, 2022
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 Data | 8/14/22 | Previous Week |
Number of Closed Sales: | 3 | 3 |
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 Sales | 10 | 42 |
Average $/Sq Foot (Sold) | $1,111 | $1,265 |
Listings put into Contract: | 3 | 3 |
Total Homes Pending Sale: | 13 | 10 |
New Listings: | 5 | 5 |
Total Active Listings: | 40 | 41 |
Average Price of Active Listings: | $2,623,281 | $2,625,762 |
Average DOM of Active Listings: | 31 | 29 |
Average $/Sq Foot (List) | $1,311 | $1,330 |
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) |
1 Lewis Ranch Road | $5,650,000 | $4,898,000 | +$752,000 (+15.4%) | $1,002 | 4 |
2072 Eucalyptus Avenue | $2,000,000 | $1,888,000 | +$112,000 (+5.9%) | $1,724 | 0 |
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) |
889 Bauer Drive | $2,495,000 | 70 |
1561 Chestnut Street | $2,448,000 | 15 |
10 Val Mar Place | $2,879,000 | 42 |
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 |
116 Mesa Verde Way | $3,399,888 | 4BR/2.5BA | 2,600/9,996 | $1,308 | Intero |
914 Crestview Drive | $3,000,000 | 3BR/2BA | 3,010/7,000 | $997 | Compass |
470 Emerald Avenue | $2,398,000 | 3BR/2BA | 1,737/5,500 | $1,381 | Sothebys |
127 Wildwood Avenue | $1,998,000 | 2BR/2BA | 1,210/6,650 | $1,651 | Coldwell Banker |
205 Club Drive | $1,825,000 | 3BR/2.5BA | 2,029/17,262 | $899 | Compass |
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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