The San Carlos Real Estate Week in Review: 11/18/24
November 18, 2024
The Recap:
The Fall vibe has certainly set in with the weather we're experiencing lately and with the temperature of the local real estate market. The chill in new listings has resulted in a short sheet of only nine single-family homes for buyers to look at, and most of those have been on the market for at least a month already. This behavior is not unusual for this time of year, but some experts did predict that we'd see a reverse of this trend due to the tremendous pent-up demand for homes this year. It didn't happen in San Carlos, that's for sure.
Indeed, 2024 is still lagging well behind what would be a normal year for new listings at 223, or -17% from 2023, and closed sales at 182, or -11% from 2023 through the end of October. And it's important to remember that 2023 was also considered to be a down year since it was the first full year the market faced with dramatically higher interest rates, so 2024 is on track to go down in the books as the lowest year of real estate sales on record.
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 11/17/2024:| San Carlos SFR Data | 11/17/24 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 7 | 5 |
| Average Sold Price: | $2,487,143 | $2,700,000 |
| Median Sold Price: | $2,100,000 | $2,310,000 |
| Average % Sold vs Orig List Price: | 104% | 101% |
| Average Days Listed of Closed Sales | 15 | 33 |
| Average $/Sq Foot (Sold) | $1,372 | $1,307 |
| Listings Put Under Contract: | 4 | 4 |
| Total Homes Under Contract: | 13 | 18 |
| New Listings: | 1 | 5 |
| Total Active Listings: | 9 | 12 |
| Average Price of Active Listings: | $3,422,700 | $3,377,692 |
| Median Price of Active Listings: | $3,649,000 | $3,573,500 |
| Average Days of Active Listings: | 41 | 27 |
| Average $/Sq Foot (List) | $1,359 | $1,302 |
_____________________________________________________________________________
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 |
|---|---|---|---|---|---|
| 1560 Howard Avenue | $3,950,000 | $3,950,000 | $0 (0%) | $1,463 | 6 |
| 225 Clifton Avenue | $3,460,000 | $2,998,000 | +$462,000 (+15.4%) | $1,640 | 6 |
| 137 Vine Street | $2,225,000 | $1,788,000 | +$437,000 (+24.4%) | $1,483 | 7 |
| 2025 Brittan Avenue | $2,100,000 | $2,089,000 | +$11,000 (+0.5%) | $1,099 | 7 |
| 1070 Upper Lupin Way | $2,050,000 | $2,499,000 | -$449,000 (-18.0%) | $1,073 | 56 |
| 371 Ashford Avenue | $1,875,000 | $1,895,000 | -$20,000 (-1.1%) | $1,165 | 16 |
| 742 Neal Avenue | $1,750,000 | $1,599,000 | +$151,000 (+9.4%) | $1,683 | 6 |
_____________________________________________________________________________
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 |
|---|---|---|
| 185 Lyndhurst Avenue | $2,549,000 | 6 |
| 10 Valley Road | $2,398,000 | 10 |
| 211 Beverly Drive | $4,498,000 | 8 |
| 1010 Drake Court | $1,899,000 | 7 |
*Designates that the home was either listed or sold off of the public-facing MLS.
_____________________________________________________________________________
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 |
|---|---|---|---|---|---|
| 2278 Brittan Avenue | $1,848,000 | 3BR/2BA | 1,490/5,000 | $1,240 | Coldwell Banker |
- 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.
Posted in: