The San Carlos Real Estate Week in Review: 11/7/22
November 7, 2022
The Recap:
There's a lot of red ink again this week in the Sold section of the post. Of the 5 homes that closed last week, 4 of them failed to achieve their original list price. Only one home squeaked out small premium over the asking price. More noteworthy was the fact that only one home was put into contract last week, which is characteristic of the slow and deliberate mentality of buyers in this market right now. But buyers should note that many of the 34 homes that are on the market now will likely be pulled off the market for the holidays, so if getting into a home before the end of the year is a priority, it's time to stop cutting bait and start fishing.
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 11/6/2022:| San Carlos SFR Data | 11/6/22 | Previous Week |
| Number of Closed Sales: | 5 | 6 |
| Average Sold Price: | $1,895,000 | $2,380,833 |
| Median Sold Price: | $2,075,000 | $2,237,500 |
| Average % Sold vs Orig List Price: | 94% | 94% |
| Average DOM of Closed Sales | 32 | 21 |
| Average $/Sq Foot (Sold) | $1,127 | $1,340 |
| Listings put into Contract: | 1 | 3 |
| Total Homes Pending Sale: | 14 | 18 |
| New Listings: | 7 | 4 |
| Total Active Listings: | 34 | 31 |
| Average Price of Active Listings: | $2,745,986 | $2,744,519 |
| Average DOM of Active Listings: | 38 | 42 |
| Average $/Sq Foot (List) | $1,275 | $1,276 |
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) |
| 1341 Saint Francis Way | $2,450,000 | $2,548,000 | -$98,000 (-3.8%) | $1,480 | 27 |
| 1925 Howard Avenue | $2,185,000 | $2,150,000 | +$35,000 (+1.6%) | $1,582 | 7 |
| 470 Emerald Avenue | $2,075,000 | $2,150,000 | -$75,000 (-3.5%) | $1,195 | 63 |
| 129 Dolton Avenue | $1,765,000 | $2,100,000 | -$335,000 (-16.0%) | $698 | 64 |
| 446 Alameda | $1,000,000 | $1,100,000 | -$100,000 (-9.1%) | $680 | 1 |
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) |
| 864 Bauer Drive | $2,598,000 | 3 |
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 |
| 518 Canyon Vista Way | $5,550,000 | 4BR/4.5BA | 3,460/22,977 | $1,604 | Compass |
| 783 Kent Avenue | $3,250,000 | 4BR/3BA | 2,800/10,000 | $1,161 | Sothebys |
| 273 Alberta Avenue | $2,849,000 | 4BR/3BA | 1,820/4,640 | $1,565 | Christies |
| 920 Elm Street | $2,695,000 | 3BR/2.5BA | 1,945/6,000 | $1,385 | Compass |
| 873 Bauer Drive | $2,250,000 | 3BR/2BA | 1,920/18,000 | $1,172 | Ektra |
| 1701 Chestnut Street | $1,995,000 | 3BR/2BA | 1,750/6,050 | $1,140 | Coldwell Banker |
| 952 Holly Street | $999,000 | 2BR/1BA | 910/5,900 | $1,097 | 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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