The San Carlos Real Estate Week in Review: 7/31/23
July 31, 2023
The Recap:
And just like that, July 2023 is in our rear view mirror. It's time to get those last-minute vacation weekends done because the kids are due back in school in just a few weeks. If you don't have kids, then the best vacation time is still ahead for you! September and October are some of the best months to vacation if you're looking to still enjoy some summer weather without the insane crowds.
What August also brings is the end of the summer slumber in the local real estate market. Anyone who still wants to get their home sold this year will hit the market hard in August and September. I have 3 different San Carlos listings that will be hitting the market over the next 30-45 days, so stay tuned to the blog for details, or contact me if you want more information. I'll be releasing more details as we get closer to the launch dates!
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 7/30/2023:| San Carlos SFR Data | 7/30/23 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 4 | 6 |
| Average Sold Price: | $2,917,000 | $2,024,167 |
| Median Sold Price: | $2,535,000 | $1,790,000 |
| Average % Sold vs Orig List Price: | 97% | 102% |
| Average DOM of Closed Sales | 35 | 28 |
| Average $/Sq Foot (Sold) | $1,222 | $1,297 |
| Listings put into Contract: | 2 | 4 |
| Total Homes Pending Sale: | 11 | 13 |
| New Listings: | 2 | 6 |
| Total Active Listings: | 18 | 20 |
| Average Price of Active Listings: | $2,971,716 | $3,006,044 |
| Average DOM of Active Listings: | 43 | 39 |
| Average $/Sq Foot (List) | $1,231 | $1,190 |
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 home to see more details and photos:| Address | Sold Price | Orig. List | Over/Under List | $/sq foot | DOM (days) |
|---|---|---|---|---|---|
| 1880 Arroyo Avenue | $4,898,000 | $4,898,000 | $0 (0%) | $1,343 | 4 |
| 135 Mesa Verde Way | $3,150,000 | $2,800,000 | +$350,000 (+12.5%) | $1,213 | 0* |
| 11 Hilltop Drive | $1,920,000 | $2,288,000 | -$368,000 (-16.1%) | $994 | 91 |
| 1340 Alameda | $1,700,000 | $1,840,000 | -$140,000 (-7.6%) | $1,229 | 44 |
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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