The San Carlos Real Estate Week in Review: 5/8/23
May 8, 2023
The Recap:
The activity over the past 4 weeks in the San Carlos real estate market has remained fairly constant. There have been just about the same number of closed sales, new listings, and homes put into contract as in the previous weeks. While this is not exciting by any stretch, it is a good sign that the market is slowly bulling its way through the various economic challenges that it encounters.
One number that we don't normally see this time of year is 30 DOM, which is the average days on the market for those listings that are still active. Despite all of the attention that the multiple offers and overbids get, it's very clear that a significant number of homes in San Carlos are still languishing. That's not something we're accustomed to seeing in the Spring market, but it creates some great opportunities for buyers.
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 5/7/2023:| San Carlos SFR Data | 5/7/23 | Previous Week |
| Number of Closed Sales: | 6 | 8 |
| Average Sold Price: | $2,779,883 | $2,176,429 |
| Median Sold Price: | $2,554,500 | $1,912,000 |
| Average % Sold vs Orig List Price: | 104% | 105% |
| Average DOM of Closed Sales | 7 | 30 |
| Average $/Sq Foot (Sold) | $1,146 | $1,304 |
| Listings put into Contract: | 5 | 7 |
| Total Homes Pending Sale: | 17 | 18 |
| New Listings: | 6 | 5 |
| Total Active Listings: | 25 | 26 |
| Average Price of Active Listings: | $2,883,869 | $2,852,716 |
| Average DOM of Active Listings: | 29 | 27 |
| Average $/Sq Foot (List) | $1,287 | $1,334 |
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) |
| 142 Alberta Avenue | $4,025,000 | $3,988,000 | +$27,000 (+0.7%) | $1,300 | 1 |
| 108 Colton Avenue | $3,575,000 | $3,398,000 | +$177,000 (+5.2%) | $1,180 | 5 |
| 2041 San Carlos Avenue | $2,791,000 | $2,588,000 | +$203,000 (+7.8%) | $1,204 | 9 |
| 149 Exeter Avenue | $2,318,000 | $2,100,000 | +$218,000 (+10.4%) | $999 | 9 |
| 857 Bauer Drive | $2,060,000 | $2,050,000 | +$10,000 (+0.5%) | $892 | 7 |
| 1086 Hewitt Drive | $1,910,000 | $1,888,000 | +$22,000 (+1.2%) | $1,299 | 11 |
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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