The San Carlos Real Estate Week in Review: 12/19/22

December 19, 2022

The Recap:

There was not a whole lot of activity to report from last week, as 2022 winds down to the final two weeks. There were no homes that closed escrow, 4 homes were put into contract, and only one new listing hit the market. Serious buyers are still working the market, but they are still being very particular about what they are willing to bid on. My latest listing at 873 Bauer Drive had a ton of interest and went pending in only 6 days after receiving multiple offers, but that was largely due to the fact that home is situated on an 18,000 square foot mostly flat lot and is located in the Carlmont High School boundary. That was a combination of attributes that that pulled a lot of potential buyers off of the fence, but not all homes are seeing the same level of buyer exuberance. There are a number of really nice homes on the market in San Carlos that would have sold in no time back in the spring, and it's that bipolar behavior in this market that is keeping everyone guessing.

Activity this week should be equally light, as any buyers are shutting it down for 2022 and heading out of town for the holidays. On that note, I'd like to wish everyone a wonderful holiday weekend coming up!

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 12/18/2022:
San Carlos SFR Data12/18/22Previous Week
Number of Closed Sales:07
Average Sold Price:0$1,929,714
Median Sold Price:0$1,800,000
Average % Sold vs Orig List Price:095%
Average DOM of Closed Sales031
Average $/Sq Foot (Sold)0$1,077
Listings put into Contract:44
Total Homes Pending Sale:1410
New Listings:14
Total Active Listings:2126
Average Price of Active Listings:$2,619,661$2,789,726
Average DOM of Active Listings:4341
Average $/Sq Foot (List)$1,294$1,291

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.
AddressSold PriceOrig. ListOver/Under List$/sq footDOM (days)

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:
AddressList PriceDOM (days)
873 Bauer Drive$2,250,0006
60 Ensenada Road$3,795,00057
42 Arch Lane$2,099,0077
237 Hillcrest Road$2,548,00055

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:
AddressList PriceBR/BASq Ft (home/lot) $/Square FootListed By
1451 Crestview Drive$2,350,0003BR/2BA2,450/10,500$959Coldwell Banker

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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