The San Carlos Real Estate Week in Review: 10/3/22
October 3, 2022
The Recap:
The sales numbers below show an interesting bipolarity in the buyer behavior that is driving the real estate market in San Carlos. One one hand, there are still a few homes that are selling at a premium with multiple offers within the first week on the market. And on the other hand are the homes that are languishing for 2-3 months and taking at least one price reduction to find the right buyer. It's interesting because the majority of the news that you'll read will lead you to believe that the bottom is falling out of the market, when in reality it's not nearly that severe, and it certainly does not impact every home.
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 10/3/2022:| San Carlos SFR Data | 10/3/22 | Previous Week |
| Number of Closed Sales: | 6 | 6 |
| Average Sold Price: | $2,640,360 | $2,629,815 |
| Median Sold Price: | $2,806,500 | $2,169,444 |
| Average % Sold vs Orig List Price: | 104% | 103% |
| Average DOM of Closed Sales | 19 | 34 |
| Average $/Sq Foot (Sold) | $1,181 | $1,135 |
| Listings put into Contract: | 5 | 6 |
| Total Homes Pending Sale: | 21 | 21 |
| New Listings: | 3 | 6 |
| Total Active Listings: | 31 | 37 |
| Average Price of Active Listings: | $2,561,180 | $2,560,424 |
| Average DOM of Active Listings: | 38 | 36 |
| Average $/Sq Foot (List) | $1,295 | $1,309 |
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) |
| 48 Northam Avenue | $3,314,159 | $3,195,000 | +$119,159 (+3.7%) | $1,139 | 8 |
| 180 Glasgow Lane | $3,225,000 | $2,789,000 | +$436,000 (+15.6%) | $1,344 | 6 |
| 130 Dale Avenue | $2,888,000 | $2,649,000 | +$239,000 (+9.0%) | $1,010 | 8 |
| 671 Wellington Drive | $2,725,000 | $2,895,000 | -$170,000 (-5.9%) | $1,069 | 71 |
| 205 Club Drive | $1,730,000 | $1,825,000 | -$95,000 (-5.2%) | $853 | 19 |
| 369 Cedar Street | $1,960,000 | $1,849,000 | +$111,000 (+6.0%) | $1,675 | 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) |
| 2301 Brittan Avenue | $1,775,000 | 80 |
| 132 Winding Way | $1,988,000 | 10 |
| 2116 Greenwood Avenue | $1,988,000 | 12 |
| 166 Fairmont Avenue | $2,495,000 | 19 |
| 129 Dolton Avenue | $1,975,000 | 64 |
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 |
| 42 Arch Lane | $2,298,000 | 3BR/2BA | 1,505/9,600 | $1,527 | Sothebys |
| 2726 Debbie Court | $2,189,000 | 3BR/2BA | 2,050/6,400 | $1,068 | Corcoran |
| 2071 Arroyo Avenue | $1,800,000 | 2BR/1BA | 1,060/5,000 | $1,698 | Element |
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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