The San Carlos Real Estate Week in Review: 7/29/24
July 29, 2024
The Recap:
And just like that, July is nearly in the books and the slow summer months should start to give way to a more robust real estate market in August now that everyone will be returning back home from vacations and getting ready for the new school year.
On that note, I will be listing two different 4BR homes in prime flatland locations in San Carlos in August, and I will post the details of both homes as it gets closer to their respective launch dates. As always, feel free to reach out if you'd like more information on these beautiful homes.
We're finishing up July where we began the month with sparse inventory — only 11 single-family homes are currently available for sale entering this week, but all indications seem to show a much more active fall market just ahead.
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 7/28/2024:| San Carlos SFR Data | 7/28/24 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 6 | 4 |
| Average Sold Price: | $2,717,167 | $2,845,000 |
| Median Sold Price: | $2,869,000 | $2,850,000 |
| Average % Sold vs Orig List Price: | 105% | 108% |
| Average Days Listed of Closed Sales | 11 | 17 |
| Average $/Sq Foot (Sold) | $1,286 | $1,346 |
| Listings Put Under Contract: | 3 | 6 |
| Total Homes Under Contract: | 13 | 15 |
| New Listings: | 3 | 6 |
| Total Active Listings: | 11 | 9 |
| Average Price of Active Listings: | $3,091,435 | $3,157,764 |
| Median Price of Active Listings: | $2,750,000 | $2,899,900 |
| Average Days of Active Listings: | 22 | 16 |
| Average $/Sq Foot (List) | $1,273 | $1,214 |
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 |
|---|---|---|---|---|---|
| 3476 La Mesa Drive | $3,210,000 | $3,210,000 | $0 (0%) | $1,024 | 0* |
| 3251 La Mesa Drive | $3,340,000 | $2,950,000 | +$390,000 (+13.2%) | $1,553 | 7 |
| 555 Exeter Way | $3,000,000 | $2,998,000 | +$2,000 (+0.1%) | $1,010 | 18 |
| 164 Chesham Avenue | $2,738,000 | $2,998,000 | -$260,000 (-8.7%) | $751 | 27 |
| 159 Rockridge Road | $2,050,000 | $1,788,000 | +$262,000 (+14.7%) | $1,783 | 0* |
| 304 Cedar Street | $1,965,000 | $1,788,000 | +$177,000 (+9.9%) | $1,585 | 12 |
*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 |
|---|---|---|
| 229 Stevens Court | $2,695,000 | 11 |
| 55 Winding Way | $2,250,000 | 12 |
| 264 Arundel Avenue | $1,998,000 | 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 |
|---|---|---|---|---|---|
| 199 Hillcrest Road | $2,493,000 | 3BR/2BA | 2,200/7,700 | $1,133 | Sothebys |
| 35 Coronado Avenue | $2,178,000 | 3BR/2.5BA | 1,340/20,720 | $1,625 | Christies |
| 1308 Elm Street | $1,780,000 | 3BR/1.5BA | 1,470/4,800 | $1,211 | Berkshire Hathaway |
- 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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