The San Carlos Real Estate Week in Review: 11/21/22
November 21, 2022
The Recap:
The numbers below convey a real estate market that is ramping down for the holidays. There was only one new listing to add to the inventory, and that home is actually a re-list from a few months ago, and only two homes were put into contract. Activity will be even lighter with the abbreviated schedule this coming week. Look for a number of listings to take a hiatus from the market next week, so the inventory is likely to drop further.
I hope everyone has a safe and healthy Thanksgiving week! Thank you once again for being loyal readers of the blog.
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 11/20/2022:| San Carlos SFR Data | 11/20/22 | Previous Week |
| Number of Closed Sales: | 6 | 3 |
| Average Sold Price: | $2,470,667 | $2,675,333 |
| Median Sold Price: | $2,545,000 | $2,975,000 |
| Average % Sold vs Orig List Price: | 100% | 99% |
| Average DOM of Closed Sales | 16 | 12 |
| Average $/Sq Foot (Sold) | $1,318 | $1,406 |
| Listings put into Contract: | 2 | 9 |
| Total Homes Pending Sale: | 17 | 21 |
| New Listings: | 1 | 4 |
| Total Active Listings: | 26 | 28 |
| Average Price of Active Listings: | $2,838,526 | $2,728,167 |
| Average DOM of Active Listings: | 39 | 40 |
| Average $/Sq Foot (List) | $1,309 | $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 | Over/Under List | $/sq foot | DOM (days) |
| 1601 Greenwood Avenue | $2,750,000 | $2,595,000 | +$155,000 (+6.0%) | $1,139 | 12 |
| 15 Krista Lane | $2,730,000 | $2,695,000 | +$35,000 (+1.3%) | $1,034 | 12 |
| 348 Laurel Street | $2,590,000 | $2,495,000 | +$95,000 (+3.8%) | $1,363 | 12 |
| 22 Del Rey Court | $2,500,000 | $2,595,000 | -$95,000 (-6.7%) | $1,166 | 42 |
| 2096 Birch Avenue | $2,400,000 | $2,400,000 | $0 (0%) | $1,475 | 7 |
| 2116 Greenwood Avenue | $1,854,000 | $1,988,000 | -$134,000 (-6.7%) | $1,733 | 12 |
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) |
| 123 Winding Way | $1,598,000 | 3 |
| 343 Fairfield Drive | $1,375,000 | 70 |
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 |
| 11 Hilltop Drive | #2,598,000 | 4BR/3BA | 1,932/6,400 | $1,345 | 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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