The San Carlos Real Estate Week in Review: 11/28/22
November 28, 2022
The Recap:
I hope everyone had a wonderful Thanksgiving break. We will be heading into the final month of what has been an unprecedented year in the world of San Carlos real estate. The first half of 2022 was shaping up to be a record setting year with home prices hitting all-time highs, and the sales volume on pace to meet or exceed last year's $1.1B mark. But as we now know, that's simply not going to happen. With the bottom falling out of the market in the second half of the year, the San Carlos residential real estate market will be luck to even match the sales volume that was achieved in either 2018 or 2019. More on those statistics to follow as we get closer to the end of the year.
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 11/27/2022:| San Carlos SFR Data | 11/27/22 | Previous Week |
| Number of Closed Sales: | 3 | 6 |
| Average Sold Price: | $2,089,333 | $2,470,667 |
| Median Sold Price: | $2,300,000 | $2,545,000 |
| Average % Sold vs Orig List Price: | 95% | 100% |
| Average DOM of Closed Sales | 17 | 16 |
| Average $/Sq Foot (Sold) | $1,354 | $1,318 |
| Listings put into Contract: | 2 | 2 |
| Total Homes Pending Sale: | 16 | 17 |
| New Listings: | 2 | 1 |
| Total Active Listings: | 24 | 26 |
| Average Price of Active Listings: | $2,533,235 | $2,838,526 |
| Average DOM of Active Listings: | 15 | 39 |
| Average $/Sq Foot (List) | $1,335 | $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) |
| 1574 Gover Lane | $2,300,000 | $2,585,000 | -$285,000 (-11.0%) | $1,310 | 28 |
| 166 Fairmont Avenue | $2,300,000 | $2,495,000 | -$195,000 (-7.8%) | $1,394 | 19 |
| 123 Winding Way | $1,669,000 | $1,598,000 | +$71,000 (+4.4%) | $1,358 | 3 |
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) |
| 47 Winding Way | $1,188,000 | 13 |
| 1701 Chestnut Street | $1,875,000 | 18 |
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 |
| 628 Alameda | $1,950,000 | 3BR/2BA | 1,570/7,700 | $1,242 | Sothebys |
| 1452 Oakhurst Avenue | $1,899,000 | 3BR/1BA | 1,210/4,400 | $1,569 | Gateway |
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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