The San Carlos Real Estate Week in Review: 1/15/24
January 15, 2024
The Recap:
Inventory levels are of key interest to market watchers as we enter the third week of the new year. Currently there are only 9 single-family homes for sale in San Carlos, and only a handful of those are actually “newer” listings. Two of the three homes that entered the market last week had already been on the market in 2023, and are hoping for better results in the new year. The nine homes that are still for sale have a combined average DOM of 53 days, which is nearly two months.
That doesn't mean that there's no demand for housing right now — far from it. Those few new listings that were open this past weekend reported great attendance and strong interest. We just need more homes for the buyers that are out early in the year.
On that note, I have two different three-bedroom homes that will be making their market debut in the next week — one is in White Oaks and the other in Howard Park. The details are in the table below for off-market and coming soon listings, and more details and photos will be forthcoming this week on the blog.
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 1/14/2024:| San Carlos SFR Data | 1/14/24 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 4 | 4 |
| Average Sold Price: | $3,258,125 | $2,198,500 |
| Median Sold Price: | $2,737,500 | $2,352,000 |
| Average % Sold vs Orig List Price: | 97% | 100% |
| Average DOM of Closed Sales | 35 | 31 |
| Average $/Sq Foot (Sold) | $1,170 | $1,304 |
| Listings put into Contract: | 0 | 2 |
| Total Homes Pending Sale: | 2 | 6 |
| New Listings: | 3 | 1 |
| Total Active Listings: | 9 | 6 |
| Average Price of Active Listings: | $2,725,222 | $2,869,833 |
| Average DOM of Active Listings: | 53 | 72 |
| Average $/Sq Foot (List) | $1,175 | $1,134 |
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) |
|---|---|---|---|---|---|
| 108 Queens Court | $6,137,500 | $6,595,000 | -$457,500 (-6.9%) | $1,119 | 64 |
| 125 Garnet Avenue | $3,500,000 | $3,695,000 | -$195,000 (-5.3%) | $1,078 | 55 |
| 949 Elm Street | $1,975,000 | $1,799,000 | +$176,000 (+9.8%) | $1,580 | 0* |
| 1680 Hull Drive | $1,420,000 | $1,550,000 | -$130,000 (-8.4%) | $902 | 22 |
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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