The San Carlos Real Estate Week in Review: 12/09/24

The Recap:

With only three weeks remaining in 2024, the activity is starting to wind down in the San Carlos residential real estate market. There are still only seven homes for sale and only few of those are relatively new entries to the market. However, there are at least nine other homes that are being marketed off of the public-facing MLS. Some of those will become public listings after the New Year, while others will continue to be quietly marketed. Reach out to me if you need information on any of those nine listings. There are certainly some good ones in that mix

I will be participating in a 2025 market forecast meeting today with some well-respected experts in the residential real estate market. After two stagnant years or production, I'm very interested to see what their prediction for 2025 will be. I'll hopefully recap some of the key points in next week's update.

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 12/8/2024:

San Carlos SFR Data	12/8/24	Previous Week
Number of Closed Sales:	4	4
Average Sold Price:	$3,212,500	$3,256,250
Median Sold Price:	$3,050,000	$3,305,000
Average % Sold vs Orig List Price:	101%	104%
Average Days Listed of Closed Sales	14	17
Average $/Sq Foot (Sold)	$1,094	$1,275
Listings Put Under Contract:	2	0
Total Homes Under Contract:	11	11
New Listings:	2	1
Total Active Listings:	7	6
Average Price of Active Listings:	$3,007,883	$2,656,472
Median Price of Active Listings:	$3,399,000	$2,693,444
Average Days of Active Listings:	42	28
Average $/Sq Foot (List)	$1,322	$1,321

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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
211 Beverly Drive	$4,750,000	$4,498,000	+$252,000 (+5.6%)	$1,159	8
223 Lemoore Drive	$2,600,000	$2.398,000	+$202,000 (+8.4%)	$1,215	5
17 Hillcrest Road	$3,500,000	$3,888,000	-$388,000 (-10.0%)	$992	43
219 Devonshire Boulevard	$2,000,000	$2,000,000	$0 (0%)	$1,010	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
1262 Crestview Drive	$2,998,000	0*
1374 Orange Avenue	$2,488,000	11
1024 Springfield Drive	$1,495,000	14

*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
1934 Eaton Avenue	$3,500,000	3BR/3BA	2,670/11,100	$1,311	Christies
1318 Crestview Drive	$2,200,000	3BR/2BA	1,800/9,620	$1,222	KW

• 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.