The San Carlos Real Estate Week in Review: 10/31/22
October 31, 2022
The Recap:
For the second straight week, not a single San Carlos home closed at a price that was higher than its original list price. Considering the state of the economy and the high interest rates, that really shouldn't come as a surprise. But home buyers are still out in force, and homes are still selling. We're just seeing the results now of the massive price shift that began to happen 30-60 days ago, and these prices simply reflect adjustments that needed to be made in the list prices of certain homes. As we head into November, look for a bit more aggressive movement in the market as buyers make a last push to land a home before the holidays, and sellers look to get their homes sold before they have to make some tough year-end decisions.
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 10/30/2022:| San Carlos SFR Data | 10/30/22 | Previous Week |
| Number of Closed Sales: | 6 | 8 |
| Average Sold Price: | $2,380,833 | $2,025,625 |
| Median Sold Price: | $2,237,500 | $2,175,000 |
| Average % Sold vs Orig List Price: | 94% | 91% |
| Average DOM of Closed Sales | 21 | 43 |
| Average $/Sq Foot (Sold) | $1,340 | $1,045 |
| Listings put into Contract: | 3 | 5 |
| Total Homes Pending Sale: | 18 | 20 |
| New Listings: | 4 | 5 |
| Total Active Listings: | 31 | 31 |
| Average Price of Active Listings: | $2,744,519 | $2,721,071 |
| Average DOM of Active Listings: | 42 | 41 |
| Average $/Sq Foot (List) | $1,276 | $1,260 |
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 | Over/Under List | $/sq foot | DOM (days) |
| 2833 Tramanto Drive | $2,550,000 | $2,685,000 | -$135,000 (-5.0%) | $1,214 | 12 |
| 2200 Carmelita Drive | $2,500,000 | $2,500,000 | $0 (0%) | $1,351 | 0 |
| 2312 Howard Avenue | $2,325,000 | $2,400,000 | -$75,000 (-3.1%) | $1,571 | 0 |
| 760 Sunset Drive | $2,150,000 | $2,495,000 | -$345,000 (-13.8%) | $1,556 | 22 |
| 1200 Cordilleras Avenue | $2,100,000 | $2,100,000 | $0 (0%) | $1,373 | 12 |
| 2301 Brittan Avenue | $1,760,000 | $1,999,900 | -$239,900 (-3.1%) | $1,375 | 80 |
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) |
| 22 Del Rey Court | $2,595,000 | 42 |
| 2726 Debbie Court | $2,189,000 | 22 |
| 945 Sunset Drive | $2,500,000 | 54 |
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 |
| 1345 Geneva Avenue | $3,998,000 | 4BR/4.5BA | 2,439/4,040 | $1,639 | Coldwell Banker |
| 28 Granite Court | $2,998,000 | 3BR/2.5BA | 2,900/13,600 | $1,034 | Coldwell Banker |
| 864 Bauer Drive | $2,598,000 | 4BR/2BA | 2,100/6,800 | $1,237 | Compass |
| 1377 Geneva Avenue | $1,884,000 | 3BR/1BA | 1,230/4,040 | $1,532 | Sothebys |
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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