The San Carlos Real Estate Week in Review: 10/21/24

The Recap:

The transaction activity this past week in the San Carlos residential real estate market was dominated by buyers. They locked up six of the homes that were listed on the market, while only two new listings made a debut. That continued the slide in available inventory that started two weeks ago, and now sits at just 14 single-family homes for sale in all of San Carlos.

This week marks the last full week in October, and in two weeks we turn the clocks back so that it once again will be completely dark by 6:00 PM. That definitely reduces the window of time that buyers have to see homes during the weekdays, and also marks the gentle glide into the holiday season. But there is still a lot more activity that will take place between now and then.

Here's what happened last week:

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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 10/20/2024:

San Carlos SFR Data	10/20/24	Previous Week
Number of Closed Sales:	4	5
Average Sold Price:	$2,612,500	$2,476,200
Median Sold Price:	$$2,462,500	$2,401,000
Average % Sold vs Orig List Price:	108%	106%
Average Days Listed of Closed Sales	8	7
Average $/Sq Foot (Sold)	$1,164	$1,326
Listings Put Under Contract:	6	10
Total Homes Under Contract:	28	26
New Listings:	2	7
Total Active Listings:	14	17
Average Price of Active Listings:	$3,060,135	$3,129,111
Median Price of Active Listings:	$2,898,444	$3,498,000
Average Days of Active Listings:	21	23
Average $/Sq Foot (List)	$1,344	$1,286

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San Carlos Single-Family Homes 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
2148 Greenwood Avenue	$3,500,000	$3,200,000	+$300,000 (+9.4%)	$1,288	1
218 Exeter Avenue	$2,825,000	$2,498,000	+$327,000 (+13.1%)	$1,039	7
2316 San Carlos Avenue	$2,100,000	$1,948,000	+$152,000 (+7.8%)	$1,154	6
1318 Magnolia Avenue	$2,025,000	$1,965,000	+$60,000 (+3.1%)	$1,175	17

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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
2908 Eaton Avenue	$3,998,000	3
199 Hillcrest Road	$2,399,000	80
235 Winding Way	$1,688,000	10
161 Glasgow Lane	$3,888,000	7
29 Highland Avenue	$3,548,000	40
1011 Springfield Drive	$1,568,000	7

*Designates that the home was either listed or sold off of the public-facing MLS.

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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
111 Wilshire Court	$1,999,999	3BR/2BA	1,290/4,600	$1,550	Mavericks Realty
137 Vine Street	$1,788,000	3BR/2BA	1,500/6,438	$1,192	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.