The San Carlos Real Estate Week in Review: 7/22/24
July 22, 2024
The Recap:
The surprisingly brisk summer market continued last week in San Carlos with another five homes going under contract and six more new listings to replace them. Unfortunately for buyers, that did nothing to change the overall inventory level, which still remains at nine total homes for sale in all of San Carlos.
The uptick in buying activity, however, is encouraging leading into the Fall market that starts next month. With the distinct possibility of some interest rate relief, this activity could be a precursor to a very vibrant second half of 2024.
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 7/21/2024:| San Carlos SFR Data | 7/21/24 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 4 | 3 |
| Average Sold Price: | $2,845,000 | $3,190,903 |
| Median Sold Price: | $2,850,000 | $3,560,710 |
| Average % Sold vs Orig List Price: | 108% | 101% |
| Average Days Listed of Closed Sales | 17 | 32 |
| Average $/Sq Foot (Sold) | $1,346 | $1,121 |
| Listings Put Under Contract: | 6 | 6 |
| Total Homes Under Contract: | 15 | 14 |
| New Listings: | 6 | 5 |
| Total Active Listings: | 9 | 9 |
| Average Price of Active Listings: | $3,157,764 | $2,620,199 |
| Median Price of Active Listings: | $2,899,900 | $2,695,000 |
| Average Days of Active Listings: | 16 | 23 |
| Average $/Sq Foot (List) | $1,214 | $1,187 |
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 |
|---|---|---|---|---|---|
| 21 Richland Court | $3,750,000 | $3,425,000 | +$325,000 (+9.5%) | $1,230 | 7 |
| 6 Del Rey Court | $3,700,000 | $3,195,000 | +$505,000 (+15.8%) | $1,258 | 19 |
| 55 Northam Avenue | $2,000,000 | $1,849,000 | +$151,000 (+8.2%) | $1,351 | 11 |
| 16 Fay Avenue | $1,930,000 | $1,950,000 | -$20,000 (-1.0%) | $1,544 | 30 |
*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 |
|---|---|---|
| 204 Manor Drive | $1,900,000 | 60 |
| 950 Tamarack Avenue | $1,695,000 | 6 |
| 35 Roslyn Avenue | $1,600,000 | 9 |
| 1339 Woodland Avenue | $1,548,880 | 3 |
| 1525 Chestnut Street | $2,860,000 | 7 |
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 |
|---|---|---|---|---|---|
| 127 Wildwood Avenue | $4,150,000 | 4BR/4.5BA | 3,011/6,681 | $1,378 | Coldwell Banker |
| 1377 Geneva Avenue | $3,995,000 | 4BR/2.5BA | 2,233/4,040 | $1,789 | BRG |
| 25 Highland Avenue | $3,898,000 | 4BR/3.5BA | 2,776/5,137 | $1,404 | Parc |
| 218 Exeter Avenue | $2,750,000 | 4BR/2.5BA | 2,720/8,200 | $1,011 | Guide |
| 264 Arundel Avenue | $1,998,000 | 3BR/1.5BA | 1,350/6,278 | $1,480 | Guide |
| 1339 Woodland Avenue | $1,548,880 | 2BR/1BA | 1,090/4,920 | $1,421 | Keller 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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