The San Carlos Real Estate Week in Review: 4/10/23

The Recap:

I hope everyone had a nice Easter weekend! The weather is finally turning favorable again after such a dreary winter. This week will likely be a bit slower in the real estate market as many buyers are taking advantage of the traditional Easter break week and heading out of town.

Speaking of home buyers, they were busy last week leading up to the break. Nine homes were put under contract, while only one new listing hit the market. That pulled the inventory of homes for sale back down to 22, and that number will likely dip below 20 before the end of the week as a several other homes should follow suit.

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 4/9/2023:

San Carlos SFR Data	4/9/23	Previous Week
Number of Closed Sales:	2	5
Average Sold Price:	$2,299,500	$2,257,000
Median Sold Price:	$2,299,500	$2,200,000
Average % Sold vs Orig List Price:	100%	102%
Average DOM of Closed Sales	6	21
Average $/Sq Foot (Sold)	$973	$1,154
Listings put into Contract:	9	6
Total Homes Pending Sale:	22	16
New Listings:	1	8
Total Active Listings:	22	27
Average Price of Active Listings:	$2,767,174	$2,761,290
Average DOM of Active Listings:	23	14
Average $/Sq Foot (List)	$1,343	$1,293

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)
3161 Brittan Avenue	$2,499,000	$2,499,000	$0 (0%)	$932	11
147 Arundel Road	$2,100,000	$2,100,000	$0 (0%)	$1,014	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.