The San Carlos Real Estate Week in Review: 11/11/24
November 11, 2024
The Recap:
Happy Veteran's Day to everyone, especially those of you who served so that the rest of us didn't have to. We start this week off with the realization that there will be a new administration in the White House starting in January. It's too early to tell what effect, if any, this is going to have on the residential real estate market. The stock market seemed to react favorably to the election results with four straight days of significant gains. That alone helps the real estate market since it tends to embolden buyers to write stronger offers, and it brings more buyers back into the game.
Now, if we could just generate more listings… On that note, there were five new listings to hit the market last week. I don't think you'll continue to see that pace of new listings going forward since we're just a few weeks from the Thanksgiving break. Many potential sellers at this point will just wait until the new year to list.
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 11/10/2024:| San Carlos SFR Data | 11/10/24 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 5 | 13 |
| Average Sold Price: | $2,700,000 | $2,664,077 |
| Median Sold Price: | $2,310,000 | $2,450,000 |
| Average % Sold vs Orig List Price: | 101% | 101% |
| Average Days Listed of Closed Sales | 33 | 23 |
| Average $/Sq Foot (Sold) | $1,307 | $1,306 |
| Listings Put Under Contract: | 4 | 2 |
| Total Homes Under Contract: | 18 | 19 |
| New Listings: | 5 | 2 |
| Total Active Listings: | 12 | 11 |
| Average Price of Active Listings: | $3,377,692 | $3,503,818 |
| Median Price of Active Listings: | $3,573,500 | $3,649,000 |
| Average Days of Active Listings: | 27 | 28 |
| Average $/Sq Foot (List) | $1,302 | $1,328 |
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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 |
|---|---|---|---|---|---|
| 127 Wildwood Avenue | $4,226,000 | $4,150,000 | +$76,000 (+1.8%) | $1,404 | 56 |
| 2545 Eaton Avenue | $3,061,000 | $2,960,000 | +$101,000 (+3.4%) | $1,398 | 12 |
| 199 Hillcrest Road | $2,310,000 | $2,493,000 | -$183,000 (-7.3%) | $1,050 | 80 |
| 2648 Thornhill Drive | $2,263,000 | $2,150,000 | +$113,000 (+5.3%) | $1,380 | 5 |
| 200 Manor Drive | $1,640,000 | $1,598,000 | +$42,000 (+2.6%) | $1,302 | 14 |
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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 |
|---|---|---|
| 17 Hillcrest Road | $3,888,000 | 43 |
| 223 Lemoore Drive | $2,398,000 | 5 |
| 1091 Porto Marino Drive | $2,998,000 | 10 |
| 726 Cordilleras Avenue | $2,850,000 | 4 |
*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 |
|---|---|---|---|---|---|
| 211 Beverly Drive | $4,498,000 | 4BR/3.5BA | 4,100/17,397 | $1,097 | Sothebys |
| 726 Cordilleras Avenue | $2,850,000 | 4BR/3BA | 2,276/6,500 | $1,252 | Sothebys |
| 185 Lyndhurst Avenue | $2,549,000 | 3BR/3BA | 2,160/5,000 | $1,180 | Compass |
| 10 Valley Road | $2,298,000 | 4BR/3BA | 1,810/6,344 | $1,325 | Sothebys |
| 1010 Drake Court | $1,899,000 | 3BR/2BA | 1,990/13,300 | $954 | Christies |
- 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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