The San Carlos Real Estate Week in Review: 4/29/24
April 29, 2024
The Recap:
There doesn't seem to be much that can slow the real estate market down in San Carlos. We're seeing interest rates flatten out, and in some cases actually tick upward slightly. We're also seeing more tech layoffs being published just about every day. But none of that seems to have a negative effect on our local market, as you'll see when more of these current home contracts close escrow.
There were several homes in the Pending table below that enjoyed multiple six-figure premiums over their respective asking prices after getting multiple offers. This simply reinforces the fact that are still more buyers than sellers right now. At least there were nine new single-family listings that hit the market last week, which gives buyers a little more to choose from.
And speaking of new listings, stay tuned to the sight since I have another White Oaks gem coming up later this week. I know we always say our houses are “stunning”, but this one truly is. Really.
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 4/28/2024:| San Carlos SFR Data | 4/28/24 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 5 | 7 |
| Average Sold Price: | $2,131,000 | $2,647,571 |
| Median Sold Price: | $2,325,000 | $2,100,000 |
| Average % Sold vs Orig List Price: | 112% | 102% |
| Average Days Listed of Closed Sales | 8 | 16 |
| Average $/Sq Foot (Sold) | $1,557 | $1,201 |
| Listings put into Contract: | 5 | 5 |
| Total Homes Pending Sale: | 15 | 15 |
| New Listings: | 9 | 6 |
| Total Active Listings: | 19 | 15 |
| Average Price of Active Listings: | $2,618,053 | $2,876,600 |
| Average Days of Active Listings: | 24 | 28 |
| Average $/Sq Foot (List) | $1,258 | $1,200 |
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 |
|---|---|---|---|---|---|
| 144 Arundel Road | $2,710,000 | $2,458,000 | +$252,000 (+10.3%) | $1,715 | 11 |
| 1914 San Carlos Avenue | $2,425,000 | $2,298,000 | +$127,000 (+5.5%) | $1,324 | 7 |
| 2711 Victoria Manor | $2,325,000 | $1,899,000 | +$426,000 (+22.4%) | $1,615 | 6 |
| 1681 Brittan Avenue | $1,795,000 | $1,499,000 | +$296,000 (+19.7%) | $1,561 | 7 |
| 1223 Alameda de las Pulgas | $1,400,000 | $1,388,000 | +$12,000 (+0.9%) | $1,573 | 10 |
*Designates the home was sold off of the public-facing MLS.
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 |
|---|---|---|
| 38 Roslyn Avenue | $2,998,000 | 41 |
| 254 Alberta Avenue | $2,680,000 | 8 |
| 804 Bauer Drive | $2,548,000 | 8 |
| 2411 Graceland Avenue | $2,088,000 | 6 |
| 172 Garnet Avenue | $1,850,000 | 8 |
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:| Address | List Price | BR/BA | Sq Ft (home/lot) | $/Square Foot | Listed By |
|---|---|---|---|---|---|
| 1627 Chestnut Street | $2,888,000 | 3BR/2BA | 2,150/5,650 | $1,343 | Compass |
| 2236 Howard Avenue | $2,798,000 | 3BR/3BA | 2,000/7,065 | $1,399 | Christies |
| 910 Cordilleras Avenue | $2,175,000 | 4BR/2BA | 1,660/5,320 | $1,310 | Keller Williams |
| 1436 Cordilleras Avenue | $2,149,000 | 3BR/2BA | 1,370/4,400 | $1,569 | Coldwell Banker |
| 663 Dartmouth Avenue | $1,995,000 | 3BR/2BA | 1,770/7,500 | $1,127 | Intero |
| 1374 Alameda de las Pulgas | $1,988,000 | 4BR/3BA | 1,740/5,500 | $1,143 | Guide |
| 1363 Woodland Avenue | $1,898,000 | 3BR/1BA | 1,350/4,920 | $1,406 | Coldwell Banker |
| 1008 Porto Marino Drive | $1,798,000 | 3BR/2BA | 1,170/13,764 | $1,537 | Compass |
| 266 Vine Street | $1,499,000 | 3BR/2BA | 1,080/5,000 | $1,388 | Gateway |
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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