The San Carlos Real Estate Week in Review: 11/04/24
November 4, 2024
The Recap:
This weeks statistics reflect the brief uptick in listing and sales that we saw in late-September and into early October. Thirteen homes changed hands last week, which is the highest one-week total that we've seen in months.
But buying and selling activity remained pretty tepid last week – only two new listings entered the market, and the same number of homes went under contract, so the inventory remains very tight with only 11 homes available to purchase.
We are now fully into the month of November and if the calendar follows a traditional year, the market will start to slow down this month as we head into the holiday season. However, tomorrow is also election day, and the results could significantly alter the trajectory of the residential real estate market. It will be a very interesting week!
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 11/03/2024:| San Carlos SFR Data | 11/03/24 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 13 | 2 |
| Average Sold Price: | $2,664,077 | $2,700,000 |
| Median Sold Price: | $2,450,000 | $2,700,000 |
| Average % Sold vs Orig List Price: | 101% | 100% |
| Average Days Listed of Closed Sales | 23 | 24 |
| Average $/Sq Foot (Sold) | $1,306 | $1,684 |
| Listings Put Under Contract: | 2 | 5 |
| Total Homes Under Contract: | 19 | 29 |
| New Listings: | 2 | 2 |
| Total Active Listings: | 11 | 12 |
| Average Price of Active Listings: | $3,503,818 | $3,228,398 |
| Median Price of Active Listings: | $3,649,000 | $3,248,000 |
| Average Days of Active Listings: | 28 | 28 |
| Average $/Sq Foot (List) | $1,328 | $1,311 |
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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 |
|---|---|---|---|---|---|
| 121 Dolton Avenue | $4,700,000 | $4,488,000 | +$212,000 (+4.7%) | $1,520 | 18 |
| 161 Glasgow Lane | $4,248,000 | $3,888,000 | +$360,000 (+9.3%) | $1,692 | 7 |
| 128 Mesa Verde Way | $3,500,000 | $3,650,000 | -$150,000 (-4.2%) | $1,346 | 21 |
| 180 Shelford Avenue | $3,100,000 | $2,599,888 | +$500,112 (+19.2%) | $1,255 | 13 |
| 1525 Gover Lane | $2,860,000 | $2,498,000 | +$362,000 (+14.5%) | $1,212 | 7 |
| 51 Bay View Drive | $2,700,000 | $2,899,900 | -$199,900 (-6.9%) | $801 | 117 |
| 1981 Eucalyptus Avenue | $2,450,000 | $2,478,000 | -$28,000 (-1.1%) | $1,571 | 21 |
| 252 Edgehill Drive | $2,000,000 | $2,148,000 | -$148,000 (-6.9%) | $1,190 | 37 |
| 1825 Chestnut Street | $2,000,000 | $1,950,000 | +$50,000 (+2.6%) | $1,124 | 5 |
| 1182 Walnut Street | $1,935,000 | $2,095,000 | -$160,000 (-7.6%) | $1,138 | 7 |
| 1659 Walnut Street | $1,800,000 | $1,998,000 | -$198,000 (-9.9%) | $1,224 | 36 |
| 235 Winding Way | $1,740,000 | $1,688,000 | +$52,000 (+3.1%) | $1,299 | 10 |
| 1019 Springfield Drive | $1,600,000 | $1,600,000 | $0(0%) | $1,297 | 0* |
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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 |
|---|---|---|
| 1011 Springfield Drive | $1,679,000 | 11 |
| 987 Springfield Drive | $2,098,888 | 6 |
*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 |
|---|---|---|---|---|---|
| 131 Los Vientos Way | $2,398,000 | 4BR/3.5BA | 3,210/25,000 | $1,240 | Tri-Star |
| 223 Lemoore Drive | $2,398,000 | 4BR/2.5BA | 2,140/7,616 | $1,121 | 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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