The San Carlos Real Estate Week in Review: 8/22/22
August 22, 2022
The Recap:
Buying activity picked up slightly last week in the San Carlos real estate market. 5 homes were put into contract, and with the cancellation of a few listings, the inventory of homes for sale actually dropped to 36 as of this morning. This is still a pretty large number for just a couple of weeks before the Labor Day weekend. The active listings are still feeling price pressure, as a full 1/3 of them have had to make price adjustments and the average days on the market is sitting at over a month now.
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 8/21/2022:| San Carlos SFR Data | 8/21/22 | Previous Week |
| Number of Closed Sales: | 3 | 3 |
| Average Sold Price: | $1,836,667 | $3,268,333 |
| Median Sold Price: | $1,850,000 | $2,155,000 |
| Average % Sold vs Orig List Price: | 102% | 103% |
| Average DOM of Closed Sales | 15 | 10 |
| Average $/Sq Foot (Sold) | $1,418 | $1,111 |
| Listings put into Contract: | 5 | 3 |
| Total Homes Pending Sale: | 14 | 13 |
| New Listings: | 4 | 5 |
| Total Active Listings: | 36 | 40 |
| Average Price of Active Listings: | $2,740,267 | $2,623,281 |
| Average DOM of Active Listings: | 36 | 31 |
| Average $/Sq Foot (List) | $1,327 | $1,311 |
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) |
| 1015 Riverton Drive | $1,910,000 | $1,949,000 | -$39,000 (-2.0%) | $1,149 | 22 |
| 270 Vine Street | $1,850,000 | $1,900,000 | -$50,000 (-2.6%) | $1,391 | 20 |
| 2540 Howard Avenue | $1,750,000 | $1,589,000 | +$161,000 (+10.1%) | $1,716 | 4 |
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) |
| 2064 Eucalyptus Avenue | $2,198,000 | 13 |
| 73 Hilltop Drive | $1,799,000 | 0 |
| 52 Exeter Avenue | $2,395,000 | 16 |
| 127 Wildwood Avenue | $1,998,000 | 7 |
| 80 Dartmouth Avenue | $2,425,000 | 43 |
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 |
| 945 Sunset Drive | $3,388,888 | 4BR/3BA | 2,200/8,280 | $1,540 | Westside |
| 48 Northam Avenue | $3,195,000 | 5BR/3.5BA | 2,910/6,468 | $1,098 | Compass |
| 130 Dale Avenue | $2,649,000 | 3BR/3BA | 2,860/5,500 | $926 | Coldwell Banker |
| 240 Bayview Drive | $2,249,000 | 3BR/2BA | 1,530/11,200 | $1,470 | 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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