The San Carlos Real Estate Week in Review: 11/6/23
November 6, 2023
The Recap:
Daylight Savings has ended, and aside from getting an extra hour of sleep on Sunday, we are now at that part of the year where it gets dark very early, and it makes viewing homes in during the weekday evenings extra difficult. This, combined with the shift in focus toward the Thanksgiving and Christmas holidays, is why we start to see a noticeable decrease in the real estate selling activity in the final two months.
Buyers still have lots of options to get into a home well before the Christmas holidays, though. Since banks are not busy right now processing loans, many are able to turn entire loan processes around in as little as 15 -21 days. So if you're a home buyer in this market and you're ready to hang 'em up for the year, you still have plenty time be in your home in time for Christmas. There are 25 homes currently on the market in San Carlos right now that are looking for those holiday buyers.
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 11/5/2023:| San Carlos SFR Data | 11/5/23 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 4 | 6 |
| Average Sold Price: | $2,160,000 | $2,513,833 |
| Median Sold Price: | $2,112,500 | $2,649,000 |
| Average % Sold vs Orig List Price: | 106 | 105% |
| Average DOM of Closed Sales | 16 | 18 |
| Average $/Sq Foot (Sold) | $1,108 | $1,321 |
| Listings put into Contract: | 3 | 6 |
| Total Homes Pending Sale: | 17 | 19 |
| New Listings: | 5 | 2 |
| Total Active Listings: | 25 | 22 |
| Average Price of Active Listings: | $2,523,680 | $2,404,540 |
| Average DOM of Active Listings: | 43 | 48 |
| Average $/Sq Foot (List) | $1,235 | $1,257 |
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) |
|---|---|---|---|---|---|
| 3320 Melendy Drive | $2,700,000 | $2,300,000 | +$400,000 (+17.4%) | $982 | 11 |
| 2139 Elizabeth Street | $2,125,000 | $1,850,000 | +$275,000 (+14.9%) | $1,235 | 15 |
| 1 Maple Way | $2,100,000 | $2,099,000 | +$1,000 (+0.0%) | $1,280 | 12 |
| 1660 Hull Drive | $1,715,000 | $1,898,000 | -$183,000 (-9.6%) | $934 | 26 |
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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