The San Carlos Real Estate Week in Review: 10/10/22
October 10, 2022
The Recap:
Once again this past week, there were as many homes that sold below their respective asking price than above in San Carlos. Since these were all contracts that were signed roughly a month ago, it really highlights the rapid transition that we were seeing in the market then, and we are still seeing right now as some sellers are forced to reset their expectation on the value of their home.
This past week also saw a big jump in the number of new listings, including one listing that tops $7M (see below) bringing the total inventory of homes for sale back up to 33.
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 10/10/2022:| San Carlos SFR Data | 10/10/22 | Previous Week |
| Number of Closed Sales: | 6 | 6 |
| Average Sold Price: | $2,354,167 | $2,640,360 |
| Median Sold Price: | $2,262,500 | $2,806,500 |
| Average % Sold vs Orig List Price: | 97% | 104% |
| Average DOM of Closed Sales | 13 | 19 |
| Average $/Sq Foot (Sold) | $1,351 | $1,181 |
| Listings put into Contract: | 5 | 5 |
| Total Homes Pending Sale: | 20 | 21 |
| New Listings: | 9 | 3 |
| Total Active Listings: | 34 | 31 |
| Average Price of Active Listings: | $2,671,991 | $2,561,180 |
| Average DOM of Active Listings: | 37 | 38 |
| Average $/Sq Foot (List) | $1,311 | $1,295 |
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) |
| 3308 Melendy Drive | $3,100,000 | $3,298,000 | -$198,000 (-6.0%) | $1,255 | 7 |
| 228 Crestview Drive | $2,800,000 | $3,300,000 | -$500,000 (-15.2%) | $875 | 36 |
| 66 Chestnut Street | $2,500,000 | $2,425,000 | +$75,000 (+3.1%) | $1,462 | 0 |
| 127 Wildwood Avenue | $2,025,000 | $1,998,000 | +$27,000 (+1.4%) | $1,674 | 7 |
| 916 Elm Street | $1,900,000 | $1,749,000 | +$151,000 (+8.6%) | $1,776 | 6 |
| 3395 Melendy Drive | $1,800,000 | $1,998,000 | -$198,000 (-9.9%) | $1,065 | 24 |
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) |
| 130 Pearl Avenue | $2,299,000 | 0 |
| 2312 Howard Avenue | $2,400,000 | 0 |
| 2071 Arroyo Avenue | $1,800,000 | 4 |
| 3317 Melendy Drive | $2,595,000 | 74 |
| 760 Sunset Drive | $2,295,000 | 22 |
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 |
| 1880 Carmelita Drive | $7,250,000 | 6BR/6BA | 4,736/21,500 | $1,531 | Sothebys |
| 224 Fairmont Avenue | $2,970,000 | 4BR/2.5BA | 1,945/5,550 | $1,527 | Urban Properties |
| 15 Krista Lane | $2,695,000 | 4BR/3BA | 2,640/14,375 | $1,021 | Compass |
| 348 Laurel Street | $2,495,000 | 4BR/1.5BA | 1,900/10,400 | $1,313 | Compass |
| 2096 Birch Avenue | $2,400,000 | 3BR/2BA | 1,627/5,000 | $1,475 | Coldwell Banker |
| 1221 Crestview Drive | $2,388,000 | 3BR/2.5BA | 2,300/8,352 | $1,038 | Keller Williams |
| 1630 Hull Drive | $1,998,000 | 3BR/1.5BA | 1,590/7,320 | $1,257 | Intero |
| 2350 San Carlos Avenue | $1,795,000 | 2BR/1BA | 1,010/6,446 | $1,777 | Real Estate Experts |
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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