The San Carlos Real Estate Week in Review: 9/18/23

September 18, 2023


The Recap:

This past week was almost a duplicate of the prior week leading out of Labor Day weekend. Even thought the overall number of homes that are still for sale did not change, that does not mean there wasn't activity behind the scenes. Nine more single-family listings hit the market last week, while buyers jumped on 10 of the existing inventory.

The home buyers that are active in the market seem to be tolerating the current high mortgage interest rates, but this market really needs to see some positive progress reducing these rates in order to keep up this momentum.

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 9/17/2023:
San Carlos SFR DataPrevious Week9/17/23
Number of Closed Sales:93
Average Sold Price:$2,220,667$1,970,000
Median Sold Price:$2,310,000$1,830,000
Average % Sold vs Orig List Price:102%114%
Average DOM of Closed Sales328
Average $/Sq Foot (Sold)$1,294$946
Listings put into Contract:106
Total Homes Pending Sale:2322
New Listings:910
Total Active Listings:2928
Average Price of Active Listings:$2,409,368$2,387,028
Average DOM of Active Listings:2828
Average $/Sq Foot (List)$1,278$1,290

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:
AddressSold PriceOrig. ListOver/Under List$/sq footDOM (days)
865 Somerset Court$3,650,000$3,800,000-$150,000 (-3.9%)$1,11667
44 Sequoia Court$2,901,000$2,695,000+$206,000 (+7.6%)$1,1738
12 Estates Court$2,400,000$2,199,000+$201,000 (+9.1%)$1,1652
861 Sunset Drive$2,375,000$2,200,000+$175,000 (+8.0%)$1,3447
239 Shelford Avenue$2,310,000$2,098,800+$211,200 (+10.1%)$1,32010
1655 Alameda$1,830,000$1,775,000+$55,000 (+3.1%)$1,1818
2331 Brittan Avenue$1,745,000$1,749,000-$4,000 (+0.2%)$1,04511
212 Manor Drive$1,450,000$1,495,000-$45,000 (+3.0%)$1,68611
1053 Cherry Street$1,325,000$1,450,000-$125,000 (-8.6%)$1,616163

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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