The San Carlos Real Estate Week in Review: 5/6/24

May 6, 2024

TWOB---Week-in-Review---05

The Recap:

April is in the books and we're now in the first full week of May, and the San Carlos real estate market is still unbelievably hot, especially for single-family homes that are in move-in condition. Several of the homes that went pending in the table last week fetched huge premiums over the asking prices — you'll see those in a few weeks in the Sold table when they close.

The month of May is often characterized as a gentle glide-down into the slower summer months, but it remains to be seen if the market will behave like it does in traditional summers, or if the shortage of listings will keep the market humming along during the normal slow months of June and July. Nothing seems to be “normal” so far this year.

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 5/5/2024:
San Carlos SFR Data5/5/24Previous Week
Number of Closed Sales:45
Average Sold Price:$2,424,500$2,131,000
Median Sold Price:$2,471,500$2,325,000
Average % Sold vs Orig List Price:112%112%
Average Days Listed of Closed Sales68
Average $/Sq Foot (Sold)$1,660$1,557
Listings put into Contract:85
Total Homes Pending Sale:1915
New Listings:69
Total Active Listings:1819
Average Price of Active Listings:$2,605,722$2,618,053
Average Days of Active Listings:2724
Average $/Sq Foot (List)$1,191$1,258

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
30 Bayport Court$2,555,000$2,350,000+$205,000 (+8.7%)$1,39610
2330 Saint Francis Way$2,508,000$2,148,000+$360,000 (+16.8%)$1,6727
264 Highland Avenue$2,435,000$1,998,000+$437,000 (+21.9%)$1,2307
433 Sycamore Street$2,200,000$2,200,000$0 (0%)$1,0530*

*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:
AddressList PriceDays Listed
521 Canyon Vista Way$4,750,00084
2236 Howard Avenue$2,798,0004
1627 Chestnut Street$2,888,0006
1436 Cordilleras Avenue$2,149,0007
663 Dartmouth Avenue$1,995,00010
228 Emerald Avenue$1,399,8880*
1008 Porto Marino Drive$1,798,0006
3413 Brittan Avenue$2,850,0002

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
205 Hillcrest Road$2,895,0005BR/3BA2,670/7,000$1,084Compass
124 Exeter Avenue$2,888,0004BR/3.5BA3,360/11,900$860Intero
1545 Gover Lane$2,868,0003BR/2BA2,106/5,650$1,361Ektra
3413 Brittan Avenue$2,850,0005BR/2.5BA2,480/13,426$1,149Gateway
4 Camborne Avenue$2,799,0005BR/3.5BA2,591/9,347$1,080Compass
237 Kelton Avenue$2,088,0002BR/1.5BA1,510/4,520$1,383Keller Williams

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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