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 Data | Previous Week | 9/17/23 |
|---|---|---|
| Number of Closed Sales: | 9 | 3 |
| 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 Sales | 32 | 8 |
| Average $/Sq Foot (Sold) | $1,294 | $946 |
| Listings put into Contract: | 10 | 6 |
| Total Homes Pending Sale: | 23 | 22 |
| New Listings: | 9 | 10 |
| Total Active Listings: | 29 | 28 |
| Average Price of Active Listings: | $2,409,368 | $2,387,028 |
| Average DOM of Active Listings: | 28 | 28 |
| 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:| Address | Sold Price | Orig. List | Over/Under List | $/sq foot | DOM (days) |
|---|---|---|---|---|---|
| 865 Somerset Court | $3,650,000 | $3,800,000 | -$150,000 (-3.9%) | $1,116 | 67 |
| 44 Sequoia Court | $2,901,000 | $2,695,000 | +$206,000 (+7.6%) | $1,173 | 8 |
| 12 Estates Court | $2,400,000 | $2,199,000 | +$201,000 (+9.1%) | $1,165 | 2 |
| 861 Sunset Drive | $2,375,000 | $2,200,000 | +$175,000 (+8.0%) | $1,344 | 7 |
| 239 Shelford Avenue | $2,310,000 | $2,098,800 | +$211,200 (+10.1%) | $1,320 | 10 |
| 1655 Alameda | $1,830,000 | $1,775,000 | +$55,000 (+3.1%) | $1,181 | 8 |
| 2331 Brittan Avenue | $1,745,000 | $1,749,000 | -$4,000 (+0.2%) | $1,045 | 11 |
| 212 Manor Drive | $1,450,000 | $1,495,000 | -$45,000 (+3.0%) | $1,686 | 11 |
| 1053 Cherry Street | $1,325,000 | $1,450,000 | -$125,000 (-8.6%) | $1,616 | 163 |
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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