The San Carlos Real Estate Week in Review: 10/16/23

October 16, 2023


The Recap:

The sales activity dropped significantly last week in San Carlos. Only two new listings were added into the mix, while only three homes were put into contract. The inventory of homes for sale is sitting at 28, with an average stay on the market of an un-San Carlos like 37 days.

There is a very real sense of nervousness with home buyers in this current market. I've seen several instances where buyers are writing purchase contracts, only to turn around and rescind them or drop out due to “cold feet”. That's a tough move to understand, considering homes are selling for 15%-20% below peak values from last year.

Meanwhile, 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 10/15/2023:
San Carlos SFR Data10/15/23Previous Week
Number of Closed Sales:108
Average Sold Price:$2,238,400$2,513,750
Median Sold Price:$2,090,000$2,425,000
Average % Sold vs Orig List Price:102%100%
Average DOM of Closed Sales1715
Average $/Sq Foot (Sold)$1,303$1,132
Listings put into Contract:38
Total Homes Pending Sale:1724
New Listings:24
Total Active Listings:2828
Average Price of Active Listings:$2,461,425$2,560,143
Average DOM of Active Listings:3733
Average $/Sq Foot (List)$1,287$1,321

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)
17 Walton Street$3,402,000$2,998,000+$404,000 (+13.5%)$1,2375
423 Emerald Avenue$3,126,000$3,598,000-$472,000 (-13.1%)$1,17337
2501 Eaton Avenue$2,850,000$2,850,0000 (0%)$1,1956
5 Pepper Lane$2,350,000$1,988,000+$362,000 (+18.2%)$1,8736
3200 Brittan Avenue$2,350,000$2,495,000-$145,000 (-5.8%)$95929
2610 Howard Avenue$1,830,000$1,800,000+$30,000 (+1.7%)$1,61912
989 Riverton Drive$1,716,000$1,550,000+$166,000 (+10.7%)$1,01510
160 Chestnut Street$1,635,000$1,688,000-$53,000 (-3.1%)$1,24814
1318 Magnolia Avenue$1,625,000$1,499,999+$125,001 (+8.3%)$1,44715
327 Chesham Avenue$1,500,000$1,625,000-$125,000 (-7.7%)$1,56135
17 Walton Street

San Carlos Single-Family Homes Pending Sale

The following single-family homes were put into contract in San Carlos last week. Click on the address of each home to see more details and photos:
AddressList PriceDOM (days)
338 Cedar Street$3,948,0005
204 Devonshire Boulevard$4,088,00011
2941 Sherwood Drive$1,998,00067

*Days on market that are noted with an asterisk (*) signify that the home was sold off-MLS, or as a Member's Only listing, which is also why there is no active link for the listing.

San Carlos New Single-Family Home Listings

Below are the new listings that hit the MLS this past week in San Carlos. Click on the address of each home to see more details and photos:
AddressList PriceBR/BASq Ft (home/lot) $/Square FootListed By
1544 Edmond Drive$3,998,0005BR/3BA3,866/10,000$1,034Christies
1370 Orange Avenue$2,950,0004BR/3.5BA3,080/9,490$958Compass
1544 Edmond Street

San Carlos Off-Market and Coming Soon Listings

The following San Carlos homes are either for sale off of the MLS, or are coming soon. Contact me directly if you have any questions about these homes.
AddressList PriceBR/BASq Ft (home/lot) $/Square FootListed By
113 Alberta Avenue$2,198,0003BR/2BA1,380/6,656$1,593Ektra
2085 Greenwood Avenue$1,629,0002BR/1BA1,030/4,880$1,582Coldwell Banker

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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  1. Steve on October 16, 2023 at 5:02 pm

    17 walton is 2750 sqft. So $/sqft should be $1237

  2. Chuck Gillooley on October 17, 2023 at 7:43 am

    Thanks for catching that — you are correct.

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