The San Carlos Real Estate Week in Review: 9/12/22
September 12, 2022
The Recap:
As I expected and even predicted, there was a strong surge of new listings that hit the market the week after Labor Day weekend. All-in-all, there were 13 new homes that added to the inventory last week, bringing the total of San Carlos homes for sale to 36. Home buyers seemed to respond well to the sudden increase in inventory — the open houses that I attended over the weekend all seemed to be quite busy. Only time will tell whether this uptick in interest translates into offers.
Home prices are still feeling the pressure of the economic conditions. This week, all 3 San Carlos escrows that made it to the finish line closed at prices below their original asking price. That doesn't happen very often in San Carlos.
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 9/11/2022:| San Carlos SFR Data | 9/11/22 | Previous Week |
| Number of Closed Sales: | 3 | 3 |
| Average Sold Price: | $2,398,333 | $2,415,000 |
| Median Sold Price: | $2,380,000 | $2,225,000 |
| Average % Sold vs Orig List Price: | 92% | 97% |
| Average DOM of Closed Sales | 24 | 32 |
| Average $/Sq Foot (Sold) | $1,129 | $1,322 |
| Listings put into Contract: | 2 | 5 |
| Total Homes Pending Sale: | 21 | 21 |
| New Listings: | 13 | 5 |
| Total Active Listings: | 36 | 30 |
| Average Price of Active Listings: | $2,648,304 | $2,760,928 |
| Average DOM of Active Listings: | 36 | 41 |
| Average $/Sq Foot (List) | $1,308 | $1,323 |
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) |
| 10 Val Mar Place | $2,515,000 | $2,879,900 | -$364,900 (-12.7%) | $867 | 42 |
| 52 Exeter Avenue | $2,380,000 | $2,395,000 | -$15,000 (-0.6%) | $1,026 | 16 |
| 1561 Chestnut Street | $2,300,000 | $2,550,000 | -$250,000 (-9.8%) | $1,494 | 15 |
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) |
| 914 Crestview Drive | $3,000,000 | 24 |
| 916 Elm Street | $1,749,000 | 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 |
| 22 Del Rey Court | $2,870,000 | 4BR/3BA | 2,144/6,800 | $1,339 | Christies |
| 180 Glasgow Lane | $2,789,000 | 4BR/3BA | 2,400/7,069 | $1,162 | Christies |
| 11 Hilltop Drive | $2,749,000 | 4BR/3BA | --/6,400 | $-- | Coldwell Banker |
| 2833 Tramanto Drive | $2,685,000 | 3BR/3BA | 2,100/9,450 | $1,279 | Christies |
| 1601 Greenwood Avenue | $2,595,000 | 4BR/3.5BA | 2,415/5,320 | $1,075 | Coldwell Banker |
| 1191 Buckland | $2,548,000 | 4BR/2BA | 2,338/7,425 | $1,368 | Sothebys |
| 166 Fairmont Avenue | $2,495,000 | 3BR/2BA | 1,650/5,550 | $1,512 | Compass |
| 1200 Cordilleras Avenue | $2,100,000 | 3BR/1BA | 1,530/6,300 | $1,373 | Sothebys |
| 6 Coleman Court | $2,100,000 | 3BR/2BA | 1,720/13,000 | $1,221 | Coldwell Banker |
| 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 |
| 343 Fairfield Drive | $1,560,000 | 3BR/1BA | 1,100/5,000 | $1,418 | 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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