The San Carlos Real Estate Week in Review: 9/5/22
September 5, 2022
The Recap:
Happy Labor Day everyone! It's weekends like these that make you thankful that you made the extra investment in a swimming pool or air conditioning. In a normal year, Labor Day marks the beginning of the brief but vibrant Fall real estate market. Only half as long as its Spring counterpart, the Fall market is characterized with a lot of new listings in September, followed by a lot of closings in October, and then the market backslides into the holidays. From the indications that I'm getting in the market, there will be quite a few listings hitting in September.
But this is very much not a “normal” year by any stretch. After witnessing what were tepid months in July and August, the real estate community is watching very closely to see if this lackluster performance will continue through September. These next two weeks will tell us quite a bit.
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 9/4/2022:| San Carlos SFR Data | 9/4/22 | Previous Week |
| Number of Closed Sales: | 3 | 2 |
| Average Sold Price: | $2,415,000 | $2,278,500 |
| Median Sold Price: | $2,225,000 | $2,278,500 |
| Average % Sold vs Orig List Price: | 97% | 110% |
| Average DOM of Closed Sales | 32 | 8 |
| Average $/Sq Foot (Sold) | $1,322 | $1,413 |
| Listings put into Contract: | 5 | 6 |
| Total Homes Pending Sale: | 21 | 19 |
| New Listings: | 5 | 3 |
| Total Active Listings: | 30 | 31 |
| Average Price of Active Listings: | $2,760,928 | $2,834,856 |
| Average DOM of Active Listings: | 41 | 40 |
| Average $/Sq Foot (List) | $1,323 | $1,382 |
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) |
| 891 Heather Drive | $2,920,000 | $2,995,000 | -$75,000 (-2.5%) | $1,404 | 20 |
| 2064 Eucalyptus Avenue | $2,225,000 | $2,198,000 | +$27,000 (+1.2%) | $1,589 | 13 |
| 63 Exeter Avenue | $2,100,000 | $2,295,000 | -$195,000 (-8.5%) | $972 | 62 |
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) |
| 48 Northam Avenue | $3,195,000 | 0 |
| 671 Wellington Drive | $2,895,000 | 71 |
| 205 Club Drive | $1,825,000 | 19 |
| 2617 San Carlos Avenue | $2,195,000 | 56 |
| 1341 Saint Francis Way | $2,548,000 | 6 |
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 |
| 164 Winding Way | $3,498,000 | 4BR/3.5BA | 2,100/18,170 | $1,666 | Sereno |
| 1601 Greenwood Avenue | $2,595,000 | 4BR/3.5BA | 2,415/5,320 | $1,075 | Coldwell Banker |
| 1191 Buckland Avenue | $2,548,000 | 4BR/2BA | 2,338/7,425 | $1,368 | Sothebys |
| 1655 Alameda | $1,900,000 | 3BR/2BA | 1,550/4,200 | $1,226 | RE/MAX |
| 916 Elm Street | $1,748,000 | 2BR/1BA | 1,070/6,000 | $1,635 | Coldwell Banker |
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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