The San Carlos Real Estate Week in Review: 2/13/23
February 13, 2023
The Recap:
The Super Bowl has finally come and gone, and that is usually good news for the local real estate market. Whether its by sheer coincidence or strategically planned, the Spring housing market has historically shown an uptick of listings and buying activity right after Super Bowl weekend. It may sound crazy, but considering that 50% of the country is watching the game, it has the same effect on the market as a major holiday like Thanksgiving.
It's particularly good news for the San Carlos market, because the inventory of single-family homes as of this morning is sitting at 7. That may be good for sellers in the immediate term, but it's not good for the market as a whole because it causes buyers to just retreat out of the market. Hopefully the traditional post Super Bowl uptick will happen in the coming weeks. There is definitely some fire in the current market place, but that will fizzle out if there's no wood for it to feed on.
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 2/12/2023:| San Carlos SFR Data | 2/12/23 | Previous Week |
| Number of Closed Sales: | 6 | 2 |
| Average Sold Price: | $2,408,333 | $1,812,500 |
| Median Sold Price: | $2,575,000 | $1,812,500 |
| Average % Sold vs Orig List Price: | 97% | 86% |
| Average DOM of Closed Sales | 42 | 60 |
| Average $/Sq Foot (Sold) | $1,242 | $1,015 |
| Listings put into Contract: | 5 | 5 |
| Total Homes Pending Sale: | 13 | 14 |
| New Listings: | 1 | 3 |
| Total Active Listings: | 7 | 10 |
| Average Price of Active Listings: | $2,711,977 | $2,555,195 |
| Average DOM of Active Listings: | 24 | 33 |
| Average $/Sq Foot (List) | $1,344 | $1,335 |
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) |
| 1020 Porto Marino Drive | $3,400,000 | $3,499,000 | -$99,000 (-2.8%) | $1,083 | 12 |
| 205 Timothy Drive | $2,700,000 | $2,795,000 | -$95,000 (-3.4%) | $1,268 | 46 |
| 46 Club Drive | $2,650,000 | $3,100,000 | -$450,000 (-14.5%) | $971 | 83 |
| 224 Fairmont Avenue | $2,500,000 | $2,970,000 | -$470,000 (-15.8%) | $1,285 | 100 |
| 15 Garden Lane | $2,050,000 | $1,995,000 | +$55,000 (+2.8%) | $1,385 | 8 |
| 991 Inverness Drive | $1,150,000 | $998,000 | +$152,000 (+15.2%) | $1,402 | 2 |
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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