The San Carlos Real Estate Week in Review: 8/29/22
August 29, 2022
The Recap:
Home buyers were able to whittle down the inventory in San Carlos slightly last week. We are entering the week with 31 single-family homes for sale, which is the lowest level we've seen in about a month, but I expect that number will likely rise after the Labor Day Weekend. Many of the Fall sellers often wait until after the holiday weekend to list their homes, and this year doesn't appear to be any different in that respect. The encouraging sign for sellers is that it appears that more buyers are out looking at homes again, since open houses appeared to be more busy this weekend.
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 8/28/2022:| San Carlos SFR Data | 8/28/22 | Previous Week |
| Number of Closed Sales: | 2 | 3 |
| Average Sold Price: | $2,278,500 | $1,836,667 |
| Median Sold Price: | $2,278,500 | $1,850,000 |
| Average % Sold vs Orig List Price: | 110% | 102% |
| Average DOM of Closed Sales | 8 | 15 |
| Average $/Sq Foot (Sold) | $1,413 | $1,418 |
| Listings put into Contract: | 6 | 5 |
| Total Homes Pending Sale: | 19 | 14 |
| New Listings: | 3 | 4 |
| Total Active Listings: | 31 | 36 |
| Average Price of Active Listings: | $2,834,856 | $2,740,267 |
| Average DOM of Active Listings: | 40 | 36 |
| Average $/Sq Foot (List) | $1,382 | $1,327 |
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) |
| 2403 Howard Avenue | $2,625,000 | $2,495,000 | +$130,000 (+5.2%) | $1,553 | 7 |
| 946 Montgomery Street | $1,932,000 | $1,688,000 | +$244,000 (+14.5%) | $1,273 | 8 |
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) |
| 129 Dolton Avenue | $2,100,000 | 46 |
| 116 Mesa Verde Way | $3,399,888 | 8 |
| 925 Montgomery Street | $2,298,000 | 20 |
| 240 Bayview Drive | $2,249,000 | 7 |
| 130 Dale Avenue | $2,649,000 | 8 |
| 3395 Melendy Drive | $1,850,000 | 24 |
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 |
| 1341 Saint Francis Way | $2,548,000 | 3BR/2BA | 1,665/5,500 | $1,540 | Compass |
| 943 Cherry Street | $2,398,000 | 3BR/2.5BA | 1,790/5,000 | $1,340 | Signature Realty |
| 15 Garden Lane | $2,350,000 | 3BR/2.5BA | 1,480/9,790 | $1,588 | 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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