The San Carlos Real Estate Week in Review: 4/24/23
April 24, 2023
The Recap:
The buying behavior last week succinctly captured what is happening in the San Carlos market — not very many homes are going into contract in comparison to the overall inventory, but those that do go under contract are doing so pretty quickly. Just look at last week's numbers: Only four homes went pending, but three of those four barely lasted a full week on the market.
Yet on the flip side, there are still 28 homes with an average days-on-market of nearly a month that are still looking for new owners. This is a strong indicator that home buyers are still being very value conscious and deliberate in their decision making, despite indications that prices are starting to increase again. But they aren't jumping at homes that don't meet their feature/value expectations as they did when the market was at its peak.
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 4/23/2023:| San Carlos SFR Data | 4/23/23 | Previous Week |
| Number of Closed Sales: | 7 | 4 |
| Average Sold Price: | $2,157,000 | $2,554,500 |
| Median Sold Price: | $2,200,000 | $2,634,000 |
| Average % Sold vs Orig List Price: | 102% | 105% |
| Average DOM of Closed Sales | 11 | 12 |
| Average $/Sq Foot (Sold) | $1,239 | $1,235 |
| Listings put into Contract: | 4 | 2 |
| Total Homes Pending Sale: | 17 | 20 |
| New Listings: | 6 | 7 |
| Total Active Listings: | 28 | 26 |
| Average Price of Active Listings: | $2,767,597 | $2,789,836 |
| Average DOM of Active Listings: | 26 | 20 |
| Average $/Sq Foot (List) | $1,318 | $1,313 |
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) |
| 3457 La Mesa Drive | $2,650,000 | $2,499,000 | +$151,000 (+6.0%) | $1,152 | 6 |
| 1316 Rosewood Avenue | $2,575,000 | $2,788,000 | -$213,000 (-7.6%) | $1,351 | 38 |
| 135 Manor Drive | $2,200,000 | $2,099,000 | +$101,000 (+4.8%) | $1,078 | 0 |
| 919 Tamarack Avenue | $2,200,000 | $2,100,000 | +$100,000 (+4.8%) | $1,325 | 6 |
| 412 Sycamore Street | $2,125,000 | $2,070,000 | +$55,000 (+2.7%) | $1,313 | 13 |
| 30 Maple Way | $2,100,000 | $1,995,000 | +$105,000 (+5.3%) | $1,243 | 8 |
| 1063 Hall Street | $1,249,000 | $1,249,000 | $0 (0%) | $1,213 | 7 |
San Carlos Single-Family Homes Pending Sale
The 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) |
| 777 Cordilleras Avenue | $2,398,000 | 3 |
| 104 Winding Way | $1,648,000 | 17 |
| 45 Shelford Avenue | $1,949,000 | 8 |
| 108 Colton Avenue | $3,398,000 | 5 |
San Carlos New Single-Family Home Listings
Below 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 |
| 181 Coventry Court | $3,795,000 | 4BR/3BA | 2,800/12,900 | $1,355 | Guide |
| 2932 Sherwood Drive | $2,895,000 | 4BR/2BA | 2,342/8,418 | $1,236 | Parc |
| 1373 Elm Street | $2,499,000 | 3BR/2BA | 1,890/5,720 | $1,322 | Gateway |
| 43 Northam Avenue | $2,372,000 | 4BR/2BA | 2,250/9,145 | $1,054 | Christies |
| 909 Tamarack Avenue | $1,950,000 | 3BR/2BA | 1,280/5,400 | $1,523 | Compass |
| 253 Edgehill Drive | $1,750,000 | 2BR/2BA | 1,550/6,000 | $1,129 | Agency |
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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