The San Carlos Real Estate Week in Review: 12/25/23
December 26, 2023
The Recap:
Merry Christmas and Happy Holidays! I hope everyone is enjoying the holiday weekend with family, friends, and of course, football. This past week I got to see a LOT of amazing friends and clients as I was delivering holiday treats. It just reminds me how great of a community San Carlos is, and how lucky I am to have met so many great families while helping them achieve their real estate goals.
Speaking of real estate goals, we need more inventory! As we head into the final week of 2023, we're on the brink (10) of hitting a single-digit number of single-family homes to choose from throughout all of San Carlos. But buyers should not despair– this year-end purge always happens, followed by a bloom of new listings in the new year. In the first two months of 2024, I will be rolling out two different 3BR homes in White Oaks, and one in Howard Park, so stay tuned for more details on those.
Here's what happened last week:
At A Glance
This is a high-level view of the market performance for single-family residences (SFR's) in San Carlos. This data is for the 7-day period ending Sunday 12/24/2023:| San Carlos SFR Data | 12/24/23 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 5 | 6 |
| Average Sold Price: | $2,445,588 | $2,399,167 |
| Median Sold Price: | $2,000,000 | $2,357,500 |
| Average % Sold vs Orig List Price: | 110% | 100% |
| Average DOM of Closed Sales | 16 | 34 |
| Average $/Sq Foot (Sold) | $1,490 | $1,115 |
| Listings put into Contract: | 1 | 5 |
| Total Homes Pending Sale: | 10 | 14 |
| New Listings: | 0 | 0 |
| Total Active Listings: | 9 | 12 |
| Average Price of Active Listings: | $2,637,888 | $2,851,167 |
| Average DOM of Active Listings: | 72 | 63 |
| Average $/Sq Foot (List) | $1,141 | $1,158 |
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) |
|---|---|---|---|---|---|
| 338 Cedar Street | $3,725,000 | $3,948,000 | -$223,000 (-5.6%) | $1,374 | 44 |
| 1006 Orange Avenue | $2,875,000 | $2,849,000 | +$26,000 (+0.9%) | $1,244 | 9 |
| 23 Roslyn Avenue | $2,000,000 | $1,699,000 | +$301,000 (+17.7%) | $1,170 | 9 |
| 844 Cedar Street | $1,917,938 | $1,495,000 | +$422,938 (+28.3%) | $1,899 | 16 |
| 1136 Woodland Avenue | $1,710,000 | $1,710,000 | $0 (0%) | $1,763 | 0* |
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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