The San Carlos Real Estate Week in Review: 2/12/24
February 12, 2024
The Recap:
Low inventory continues to be the key topic in the local real estate market. There were only four new listings that entered the market last week, so that didn't push the needle any more to the right since there are still only nine single-family homes in San Carlos to purchase as of this morning. On top of that, only one home closed escrow last week, which means there has only been one sale to close in San Carlos in the past three weeks!
In past years, sellers would purposely wait until after the Super Bowl to list their homes for sale. This was especially true if there was a local team playing, as there was yesterday. It remains to be seen if that will happen this year. But with a continued imbalance like this between buyers and available homes to purchase, it goes without saying that this is an ideal time to put a house on the market.
On that note, check back on the blog later this week as I will be launching another amazing White Oaks home on the market!
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 2/11/2024:| San Carlos SFR Data | 2/11/24 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 1 | 0 |
| Average Sold Price: | $2,200,000 | $0 |
| Median Sold Price: | $2,200,000 | $0 |
| Average % Sold vs Orig List Price: | 105% | 0% |
| Average Days Listed of Closed Sales | 10 | 0 |
| Average $/Sq Foot (Sold) | $1,549 | $0 |
| Listings put into Contract: | 4 | 7 |
| Total Homes Pending Sale: | 17 | 12 |
| New Listings: | 3 | 3 |
| Total Active Listings: | 9 | 9 |
| Average Price of Active Listings: | $3,159,222 | $2,969,644 |
| Average Days of Active Listings: | 58 | 54 |
| Average $/Sq Foot (List) | $1,183 | $1,203 |
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 | Days Listed |
|---|---|---|---|---|---|
| 1552 Chestnut Street | $2,200,000 | $2,098,000 | +$102,000 (+4.9%) | $1,549 | 10 |
San Carlos Single-Family Homes Pending Sale
The following single-family homes were put into contract in San Carlos last week. Click on the address of each home to see more details and photos:| Address | List Price | Days Listed |
|---|---|---|
| 2704 Brittan Avenue | $1,798,000 | 9 |
| 477 Clifton Avenue | $2,598,000 | 0* |
| 1161 Woodland Avenue | $1,985,000 | 8 |
| 1544 Edmond Drive | $3,928,800 | 7 |
San Carlos New Single-Family Home Listings
Below are the new listings that hit the MLS this past week in San Carlos. Click on the address of each home to see more details and photos:| Address | List Price | BR/BA | Sq Ft (home/lot) | $/Square Foot | Listed By |
|---|---|---|---|---|---|
| 521 Canyon Vista Way | $5,295,000 | 4BR/4.5BA | 3,789/25,265 | $1,397 | Compass |
| 2908 Franciscan Court | $2,375,000 | 4BR/2.5BA | 2,780/6,360 | $854 | Compass |
| 57 Madera Avenue | $1,748,000 | 2BR/2BA | 1,480/4,944 | $1,181 | Christies |
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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