The San Carlos Real Estate Week in Review: 12/4/23

December 4, 2023

TWOB---Week-in-Review---04

The Recap:

The first full week of December starts today, which is also three weeks before Christmas. What that means for the residential real estate market is that there are only 3 full weeks remaining in 2023 that are not broken up by holidays. The inventory of single-family homes in San Carlos currently sits at 21 but that will start to drop over the next few weeks as homes will either be put into contract or pulled off the market. The rate of new listings won't keep up with this depletion rate, so we can expect to see the inventory drop into the teens before the end of the year.

Later this week I will publish the year-to-date numbers through November, which will clearly illustrate how far the market has been knocked backward in 2023.

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 12/3/2023:
San Carlos SFR Data12/3/23Previous Week
Number of Closed Sales:24
Average Sold Price:$2,575,000$1,874,375
Median Sold Price:$2,575,000$1,381,250
Average % Sold vs Orig List Price:103%94%
Average DOM of Closed Sales327
Average $/Sq Foot (Sold)$1,158$1,337
Listings put into Contract:23
Total Homes Pending Sale:1515
New Listings:41
Total Active Listings:2121
Average Price of Active Listings:$2,823,664$2,751,190
Average DOM of Active Listings:5258
Average $/Sq Foot (List)$1,204$1,189

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)
246 Exeter Avenue$2,600,000$2,600,000$0 (0%)$1,0780*
7 Whitman Court$2,550,000$2,398,000+$152,000 (+6.3%)$1,2386

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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