The San Carlos Real Estate Week in Review: 12/26/22
December 26, 2022
The Recap:
As expected, the activity level in the San Carlos real estate market leading up to Christmas was quite slow. There were no new listings to post, and only one home was put into contract. There are only 11 homes pending sale in all of San Carlos, and only two of those are scheduled to close this year. This means that the overall sales figures can already be closely estimated for the San Carlos market for 2022 — and they are not pretty.
Without stealing the punch from the year-end review that I will post next week, the overall sales volume for residential real estate in San Carlos (single-family homes plus condos and townhomes) will be down over 30% from just last year, and will likely come in very close to where the market was back in 2019. That's a pretty sizable step backward for a market that was absolutely on fire just 9 months ago. Stay tuned for the year end review that will be posted just after the end of the year.
Have a safe and fun New Year's celebration! 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 12/25/2022:| San Carlos SFR Data | 12/25/22 | Previous Week |
| Number of Closed Sales: | 4 | 7 |
| Average Sold Price: | $2,159,972 | $1,929,714 |
| Median Sold Price: | $2,094,944 | $1,800,000 |
| Average % Sold vs Orig List Price: | 96 | 95% |
| Average DOM of Closed Sales | 21 | 31 |
| Average $/Sq Foot (Sold) | $1,226 | $1,077 |
| Listings put into Contract: | 1 | 4 |
| Total Homes Pending Sale: | 11 | 10 |
| New Listings: | 0 | 4 |
| Total Active Listings: | 18 | 26 |
| Average Price of Active Listings: | $2,696,667 | $2,789,726 |
| Average DOM of Active Listings: | 45 | 41 |
| Average $/Sq Foot (List) | $1,263 | $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.| Address | Sold Price | Orig. List | Over/Under List | $/sq foot | DOM (days) |
| 783 Kent Avenue | $3,250,000 | $3,250,000 | $0 (0%) | $1,161 | 4 |
| 1022 Alameda | $2,188,888 | $2,650,000 | -$461,112 (-17.0%) | $1,184 | 51 |
| 2708 Brittan Avenue | $2,001,000 | $1,998,000 | +$3,000 (+0.2%) | $1,371 | 14 |
| 47 Winding Way | $1,200,000 | $1,188,000 | +$12,000 (+1.0%) | $1,188 | 13 |
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) |
| 1452 Oakhurst Avenue | $1,899,000 | 24 |
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 |
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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