The San Carlos Real Estate Week in Review: 1/29/24
January 29, 2024
The Recap:
It wasn't the busiest of weeks in the San Carlos real estate market from the statistics standpoint, but that didn't mean it wasn't busy. There were no homes that closed escrow last week (a rarity even in a tight market like this), and only 4 new listings entered the market. That brought the inventory of homes for sale in San Carlos up to a paltry 12 to start this week, and that number will likely go down before it goes up since several recent listings will be taking offers this week.
But the few homes that were open this week had very strong turnouts, which just typifies the January real estate market — far more buyers than there are homes to buy. It will be very interesting to see if that disparity parlays into strong offer prices. Check in next week for the answer!
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 1/28/2024:| San Carlos SFR Data | 1/28/24 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 0 | 2 |
| Average Sold Price: | $0 | $2,342,500 |
| Median Sold Price: | $0 | $2,342,500 |
| Average % Sold vs Orig List Price: | 0% | 91% |
| Average DOM of Closed Sales | 0 | 63 |
| Average $/Sq Foot (Sold) | $0 | $1,048 |
| Listings put into Contract: | 3 | 2 |
| Total Homes Pending Sale: | 5 | 3 |
| New Listings: | 4 | 4 |
| Total Active Listings: | 12 | 10 |
| Average Price of Active Listings: | $2,573,333 | $2,600,800 |
| Average DOM of Active Listings: | 46 | 49 |
| Average $/Sq Foot (List) | $1,190 | $1,156 |
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) |
|---|
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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