The San Carlos Real Estate Week in Review: 5/1/23

May 1, 2023


The Recap:

In the blink of an eye, 1/3 of 2023 is already behind us. We are now into May and this month has historically been the last big month of the Spring real estate market in San Carlos. While homes will still sell during the summer months of June and July, there is usually a noticeable drop in sales activity because many buyers take a break during those months for vacations. Because home sellers have become accustomed to this annual trend, you tend to see a surge of listings in May as sellers aim to lock up their home sale prior to the summer break. I counsel my sellers to wait until August if they haven't listed their home in May for just that reason.

The sales numbers last week tracked very closely with the week prior. The number of closed sales, the average sales price, and the average price of all active listings tracked about even. For an economy that is slowly digging itself out, that's actually good news.

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 4/30/2023:
San Carlos SFR Data4/30/23Previous Week
Number of Closed Sales:7
Average Sold Price:$2,157,000
Median Sold Price:$2,200,000
Average % Sold vs Orig List Price:102%
Average DOM of Closed Sales11
Average $/Sq Foot (Sold)$1,239
Listings put into Contract:4
Total Homes Pending Sale:17
New Listings:6
Total Active Listings:28
Average Price of Active Listings:$2,767,597
Average DOM of Active Listings:26
Average $/Sq Foot (List)$1,318

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.
AddressSold PriceOrig. ListOver/Under List$/sq footDOM (days)
1005 Orange Avenue$3,363,000$3,098,000+$265,000 (+8.6%)$1,14710
17 Chilton Avenue$2,330,000$2,288,000+$42,000 (+1.8%)$1,25927
355 Oakview Drive$1,850,000$1,850,000$0 (0%)$1,1490

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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