The San Carlos Real Estate Week in Review: 10/07/24
October 7, 2024
The Recap:
I contend, through my totally unscientific survey which is based solely on seeing a lot of homes, that the majority of San Carlos homes do not have central air conditioning. That would make sense because our normal climate is comfortable enough where you really don't need it — except for a week or two out of the year. Well, this past week was one of those weeks, and if you're one of those in the minority, then you were happy and comfortable. With the way our climate is constantly changing, I expect most homes in this area will have AC in the next decade.
While the temperature has been hot, the real estate market has been decidedly not. As you'll see later this week on the blog when I recap the first 9 months of this year, the San Carlos real estate market is still lagging significantly behind 2023 in just about every meaningful category. This is perplexing because just about economic indicator is better now than it was at this time last year — inflation and home mortgage rates are at their lowest levels in almost 2 years. And 2023 was expected to mark the bottom of this most recent slide.
But be sure to tune in later this week when I do a deep-dive into the stats that matter for 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 days ending Sunday 10/6/2024:| San Carlos SFR Data | 10/6/24 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 8 | 3 |
| Average Sold Price: | $2,494,898 | $3,280,000 |
| Median Sold Price: | $2,150,000 | $3,200,000 |
| Average % Sold vs Orig List Price: | 102% | 103% |
| Average Days Listed of Closed Sales | 9 | 6 |
| Average $/Sq Foot (Sold) | $1,622 | $1,294 |
| Listings Put Under Contract: | 6 | 5 |
| Total Homes Under Contract: | 19 | 19 |
| New Listings: | 5 | 3 |
| Total Active Listings: | 21 | 20 |
| Average Price of Active Listings: | $2,925,233 | $3,090,938 |
| Median Price of Active Listings: | $2,798,888 | $3,229,000 |
| Average Days of Active Listings: | 19 | 22 |
| Average $/Sq Foot (List) | $1,318 | $1,337 |
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 |
|---|---|---|---|---|---|
| 61 Madrona Street | $4,400,000 | $4,500,000 | -$100,000 (-2.2%) | $1,284 | 21 |
| 171 Coronado Avenue | $4,024,182 | $4,495,000 | -$470,818 (-10.5%) | $983 | 14 |
| 1921 Arroyo Avenue | $2,650,000 | $2,485,000 | +$165,000 (+6.6%) | $1,732 | 3 |
| 141 Garnet Avenue | $2,200,000 | $1,798,000 | +$402,000 (+22.4%) | $1,594 | 6 |
| 215 Devonshire Boulevard | $2,100,000 | $2,100,000 | $0 (0%) | $1,094 | 0* |
| 959 Alameda | $1,830,000 | $1,798,000 | +$32,000 (+1.8%) | $1,591 | 0* |
| 1020 Holly Street | $1,380,000 | $1,395,000 | -$15,000 (-1.1%) | $1,500 | 8 |
| 1737 Greenwood Avenue | $1,375,000 | $1,398,000 | -$23,000 (-1.6%) | $3,198 | 14 |
*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 |
|---|---|---|
| 180 Shelford Avenue | $2,599,888 | 13 |
| 2545 Eaton Avenue | $2,960,000 | 12 |
| 2072 Eucalyptus Avenue | $4,095,000 | 0* |
| 1659 Walnut Street | $1,898,000 | 36 |
| 1070 Upper Lupin Way | $2,199,988 | 56 |
| 1825 Chestnut Street | $1,950,000 | 5 |
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 |
|---|---|---|---|---|---|
| 1560 Howard Avenue | $3,950,000 | 5BR/5.5BA | 2,700/5,520 | $1,463 | Christies |
| 2648 Thornhill Drive | $2,150,000 | 3BR/2BA | 1,640/5,650 | $1,311 | Compass |
| 2025 Brittan Avenue | $2,089,000 | 4BR/2BA | 1,910/6,440 | $1,094 | Berkshire Hathaway |
| 742 Neal Avenue | $1,599,000 | 2BR/1BA | 1,040/5,350 | $1,538 | Christies |
| 644 Chestnut Street | $1,350,000 | 2BR/2.5BA | 1,380/1,576 | $978 | Compass |
- 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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