The San Carlos Real Estate Week in Review: 1/16/23

The Recap:

The activity in the San Carlos Real estate market picked up somewhat last week, as everyone seems to be winding down their extended New Year's vacations. Three new listings tested the early-2023 market, but that only brought the total inventory of homes for sale up to nine, which is not a lot of additional choice for buyers. More homes should be hitting the market as we get later into January and exit this unprecedented rainy spell.

The days-on-market figures for the sold and pending sale listing are still quite long as you can see in the tables below. Homes are still selling, but they're sitting on the market quite a bit longer than we have grown accustomed to in the normally brisk San Carlos real estate market.

Here are the 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 1/15/2023:

San Carlos SFR Data	1/15/23	Previous Week
Number of Closed Sales:	5	2
Average Sold Price:	$2,492,000	$2,300,000
Median Sold Price:	$2,130,000	$2,300,000
Average % Sold vs Orig List Price:	95%	108%
Average DOM of Closed Sales	51	7
Average $/Sq Foot (Sold)	$1,289	$1,261
Listings put into Contract:	2	2
Total Homes Pending Sale:	8	11
New Listings:	3	0
Total Active Listings:	9	10
Average Price of Active Listings:	$2,665,000	$2,972,400
Average DOM of Active Listings:	31	52
Average $/Sq Foot (List)	$1,389	$1,380

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)
60 Ensenada Road	$3,900,000	$4,250,000	-$350,000 (-8.2%)	$1,094	57
945 Sunset Drive	$2,550,000	$2,500,000	+$58,000 (+2.0%)	$1,159	87
1689 Brittan Avenue	$2,130,000	$2,188,000	-$58,000 (-2.7%)	$1,315	8
42 Arch Lane	$2,030,000	$2,298,000	-$268,000 (-11.7%)	$1,349	77
1452 Oakhurst Avenue	$1,850,000	$1,899,000	-$49,000 (-2.6%)	$1,529	24

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.