The San Carlos Real Estate Week in Review: 1/30/23
January 30, 2023
The inventory of homes for sale in San Carlos remains scarce as we finish the first month of the new year. There are only 12 single-family homes for sale in the entire city. But San Carlos is not alone in that respect. Belmont, our similar-sized neighbor to the north, has only 3 homes on the market and Redwood City is at only about 2/3 of their normal inventory with 45 (bear in mind that Redwood City has 3x the population of San Carlos).
This will help keep prices somewhat stable as opposed to a market with a glut of inventory. But it does not give buyers a whole lot choose from, and that can keep some buyers on the sidelines who would otherwise be ideal buyers in this market.
Here are the numbers from last week:
At A GlanceThis 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 1/29/2023:
|San Carlos SFR Data||1/29/23||Previous Week|
|Number of Closed Sales:||1||1|
|Average Sold Price:||$2,100,000||$1,835,000|
|Median Sold Price:||$2,100,000||$1,835,000|
|Average % Sold vs Orig List Price:||75%||94%|
|Average DOM of Closed Sales||55||33|
|Average $/Sq Foot (Sold)||$950||$1,169|
|Listings put into Contract:||2||2|
|Total Homes Pending Sale:||11||10|
|Total Active Listings:||12||12|
|Average Price of Active Listings:||$2,629,487||$2,547,450|
|Average DOM of Active Listings:||30||25|
|Average $/Sq Foot (List)||$1,361||$1,391|
San Carlos Single-Family Residences SoldBelow is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
|Address||Sold Price||Orig. List||Over/Under List||$/sq foot||DOM (days)|
|237 Hillcrest Road||$2,100,000||$2,789,000||-$689,000 (-24.7%)||$1,169||55|
San Carlos Single-Family Homes Pending SaleThe 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)|
|1458 Chestnut Street||$1,700,000||12|
|2821 Tramanto Drive||$2,288,000||6|
San Carlos New Single-Family Home ListingsBelow are the new listings that hit the market this past week in San Carlos. Click on the address of each home to see more details and photos:
|Address||List Price||BR/BA||Sq Ft (home/lot)||$/Square Foot||Listed By|
|3342 Melendy Drive||$3,228,888||4BR/2.5BA||2,480/12/789||$1,302||Sothebys|
|840 Orange Avenue||$2,149,950||3BR/2BA||1,809/5,500||$1,188||Park Lane Capital|
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.