The San Carlos Real Estate Week in Review: 2/27/23

The Recap:

OK, have we had enough rain yet? I imagine it's hard for buyers to get pumped up about going out and looking at homes on a Sunday when it's pouring rain and cold like it was yesterday. As long as we can remove the word “drought” from our dialog, it will be worth it (although I'm afraid in the spring it will be replaced by “flood”).

On the good news front, inventory is starting to increase in San Carlos. There were 5 new listings to enter the market last week, and another 4-5 “coming soon” homes that I am aware of, so home buyers have some new options to consider by next weekend's rainy open houses (yes, more rain is in the forecast for next weekend). Although there are only approximately 13 homes for sale right now in the city, that number should increase by the end of the week.

I have an incredibly beautiful 4BR listing coming up in Howard Park in the coming weeks. Totally remodeled and close to downtown on a very desirable street. Stay tuned for more details as we get closer to the launch date!

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 2/26/2023:

San Carlos SFR Data	2/26/23	Previous Week
Number of Closed Sales:	2	2
Average Sold Price:	$2,205,000	$2,150,000
Median Sold Price:	$2,205,000	$2,150,000
Average % Sold vs Orig List Price:	103%	102%
Average DOM of Closed Sales	3	9
Average $/Sq Foot (Sold)	$1,593	$1,497
Listings put into Contract:	1	3
Total Homes Pending Sale:	13	14
New Listings:	5	4
Total Active Listings:	12	9
Average Price of Active Listings:	$2,687,481	$2,611,222
Average DOM of Active Listings:	19	21
Average $/Sq Foot (List)	$1,412	$1,360

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)
2821 Tramanto Drive	$2,510,000	$2,288,000	+$232,000 (+10.1%)	$1,768	6
213 Kelton Avenue	$1,900,000	$1,988,000	-$88,000 (-4.4%)	$1,418	0

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.