The San Carlos Real Estate Week in Review: 12/02/24
December 2, 2024
The Recap:
I hope everyone had a fabulous Thanksgiving week — I know I sure did. It was fabulous to take a short break to travel and see family and friends!
As expected, this was a very slow week in the San Carlos real estate market. As we are now in the final month of 2024, it's apparent that, barring a huge resurgence in December, this year will mark the low point in both new listings and closed sales for single-family homes in San Carlos. We'll talk about it in more detail when I wrap up 2024 at the end of the month, but high interest rates and capital gains taxes are keeping more and more San Carlos families in their homes when they would ideally look to change their latitude and attitude (to steal from a Corona commercial).
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 12/1/2024:| San Carlos SFR Data | 12/1/24 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 4 | 4 |
| Average Sold Price: | $3,256,250 | $3,171,750 |
| Median Sold Price: | $3,305,000 | $3,262,500 |
| Average % Sold vs Orig List Price: | 104% | 112% |
| Average Days Listed of Closed Sales | 17 | 9 |
| Average $/Sq Foot (Sold) | $1,275 | $1,411 |
| Listings Put Under Contract: | 0 | 4 |
| Total Homes Under Contract: | 11 | 15 |
| New Listings: | 1 | 1 |
| Total Active Listings: | 6 | 6 |
| Average Price of Active Listings: | $2,656,472 | $2,739,824 |
| Median Price of Active Listings: | $2,693,444 | $2,943,500 |
| Average Days of Active Listings: | 28 | 38 |
| Average $/Sq Foot (List) | $1,321 | $1,383 |
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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 |
|---|---|---|---|---|---|
| 2072 Eucalyptus Avenue | $4,095,000 | $4,095,000 | $0 (0%) | $1,384 | 18* |
| 29 Highland Avenue | $3,360,000 | $3,688,000 | -$328,000 (-8.9%) | $1,059 | 23 |
| 726 Cordilleras Avenue | $3,250,000 | $2,850,000 | +$400,000 (+14.0%) | $1,428 | 4 |
| 987 Springfield Drive | $2,320,000 | $2,098,888 | +$221,112 (+10.5%) | $1,228 | 6 |
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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 |
|---|---|---|
*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 |
|---|---|---|---|---|---|
| 986 Sunset Drive | $2,898,888 | 4BR/2.5BA | 2,400/7,125 | $1,207 | Intero |
- 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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