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

The Recap:

Much like the previous week, the sales activity in the San Carlos real estate market is starting its traditional slowdown as we enter the last full week of October. There were only three new listings that were put on the market, and those were canceled out by the three that were put under contract. When you combine that with the handful of listings that were taken back off the market, that dropped the inventory of single-family homes for sale in San Carlos to just 25.

The average days on the market for this group of homes is sitting at 42 days, which is uncharacteristically long for the San Carlos market, but it highlights the current standoff that's happening in our local market: There are definitely lots of home buyers still in the market, but they're just not jumping at what is currently available. Maybe that will change as we get closer to the end of the 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 10/22/2023:

San Carlos SFR Data	10/22/23	Previous Week
Number of Closed Sales:	2	10
Average Sold Price:	$2,909,250	$2,238,400
Median Sold Price:	$2,909,250	$2,090,000
Average % Sold vs Orig List Price:	98%	102%
Average DOM of Closed Sales	11	17
Average $/Sq Foot (Sold)	$1,076	$1,303
Listings put into Contract:	3	3
Total Homes Pending Sale:	18	17
New Listings:	3	2
Total Active Listings:	25	28
Average Price of Active Listings:	$2,422,316	$2,461,425
Average DOM of Active Listings:	42	37
Average $/Sq Foot (List)	$1,260	$1,287

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)
1408 Crestview Drive	$3,303,000	$3,249,888	+$53,112 (+1.6%)	$1,142	10
2555 Eaton Avenue	$2,515,500	$2,650,000	-$134,500 (-5.1%)	$1,010	11

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.