The San Carlos Real Estate Week in Review: 3/18/24

March 18, 2024


The Recap:

The San Carlos 2024 real estate market finally shifted out of first gear last week with 8 new listings entering the market, which is easily twice the rate that we've seen over the past month or so. If the Spring market is going to be an abundant one, you'd expect to see the evidence happening now — and this is a good start.

But even despite the healthy surge in listings, there are still only 15 homes for sale throughout San Carlos – and not one of them is in White Oaks. It's the only neighborhood in San Carlos that does not have a single listing on the market. This means if you're thinking of selling your White Oaks home, now would be a fabulous time to do so.

Home mortgage interest rates continue to inch down ever so slowly, which will only lead to more buyers jumping back into the market, which is great news for home sellers. This is especially true if the inventory remains low in the Spring market. A case in point is my listing at 113 Alberta Avenue below, which received 17 offers and sold for $282,000 above the asking price. That kind of upside was simply not happening just last quarter when rates weren't on their way down.

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 3/17/2024:
San Carlos SFR Data3/17/24Previous Week
Number of Closed Sales:75
Average Sold Price:$2,267,571$2,460,440
Median Sold Price:$2,450,000$2,166,700
Average % Sold vs Orig List Price:102%108%
Average Days Listed of Closed Sales465
Average $/Sq Foot (Sold)$1,316$1,380
Listings put into Contract:16
Total Homes Pending Sale:1319
New Listings:83
Total Active Listings:159
Average Price of Active Listings:$2,742,533$3,478,200
Average Days of Active Listings:1229
Average $/Sq Foot (List)$1,221$1,111

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 footDays Listed
100 Wellington Drive$3,000,000$3,195,000-$195,000 (-6.1%)$1,126236
477 Clifton Avenue$2,575,000$2,598,000-$23,000 (-0.9%)$1,3620*
113 Alberta Avenue$2,470,000$2,188,000+$282,000 (+12.9%)$1,7906
137 Club Drive$2,450,000$2,700,000-$250,000 (-9.3%)$85456
188 Hillcrest Road$2,333,000$1,898,800+$434,200 (+18.6%)$1,2967
2085 Greenwood Avenue$1,550,000$1,629,000-$79,000 (-4.8%)$1,50516
2077 Brittan Avenue$1,495,000$1,495,000$0 (0%)$1,2780*

*Designates the home was sold off-MLS

113 Alberta Avenue

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:
AddressList PriceDays Listed
1544 Edmond Drive$3,298,80025

New San Carlos 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:
AddressList PriceBR/BASq Ft (home/lot) $/Square FootListed By
38 Roslyn Avenue$3,098,0005BR/4.5BA3,109/8,280$926Berkshire Hathaway
900 Crestview Drive$2,588,0004BR/2.5BA2,250/9,102$1,150Compass
144 Arundel Road$2,458,0003BR/2BA1,580/9,350$1,556Corcoran
1914 San Carlos Avenue$2,298,0003BR/3BA1,832/7,910$1,254Christies
365 Ridge Road$1,898,0003BR/2BA1,530/4,687$1,240Berkshire Hathaway
984 Springfield Drive$1,698,0003BR/2BA1,313/5,000$1,293Keller Williams
309 Laurel Street$1,625,0002BR/2BA1,270/7,500$1,280Christies
1223 Alameda de las Pulgas$1,388,0002BR/1BA890/7,105$1,559Coldwell Banker

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.

Posted in:

Leave a Comment