The San Carlos Real Estate Week in Review: 6/26/23
June 26, 2023
The Recap:
Once again, home buyers were out in surprisingly strong numbers in San Carlos last week. Buyers put six of the single-family homes into contract. This is a bit surprising because late-June is usually quite slow in Peninsula real estate market since many buyers have checked out for the summer. But the post-pandemic, high-interest rate world is anything but normal right now.
Six new listings also hit the MLS last week with three of them carrying list prices in excess of $4M. This is also somewhat out of character for the summer market but it underscores the increasing number of new construction and remodeled homes that will be cropping up all over San Carlos.
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 6/25/2023:| San Carlos SFR Data | 6/25/23 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 3 | 8 |
| Average Sold Price: | $2,862,500 | $2,643,500 |
| Median Sold Price: | $2,975,000 | $2,455,000 |
| Average % Sold vs Orig List Price: | 100% | 103% |
| Average DOM of Closed Sales | 14 | 24 |
| Average $/Sq Foot (Sold) | $1,165 | $1,250 |
| Listings put into Contract: | 6 | 8 |
| Total Homes Pending Sale: | 25 | 22 |
| New Listings: | 6 | 4 |
| Total Active Listings: | 22 | 23 |
| Average Price of Active Listings: | $3,059,071 | $2,566,203 |
| Average DOM of Active Listings: | 36 | 35 |
| Average $/Sq Foot (List) | $1,210 | $1,267 |
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) |
|---|---|---|---|---|---|
| 1857 Elizabeth Street | $4,200,000 | $4,200,000 | $0 (0%) | $1,082 | 0* |
| 120 Colton Avenue | $2,975,000 | $3,150,000 | -$175,000 (-8.1%) | $1,082 | 36 |
| 972 McCue Avenue | $1,412,500 | $1,350,000 | +$62,500 (+4.6%) | $1,139 | 7 |
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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