The San Carlos Real Estate Week in Review: 01/06/25
January 6, 2025
The Recap:
Welcome to 2025! The holiday decorations are down, and buyers are already back in the market looking for early opportunities. The problem, as I highlighted in the 2024 Year in Review, is that there are very few listings for buyers to consider. 2024 marked the lowest year on record for new listings in San Carlos, and that was right on the heels of an equally weak 2023.
I stated in the annual review that new listings should increase modestly in San Carlos in 2025 as both home sellers and buyers resign to the fact that home mortgage interest rates aren't going to move appreciably this year, and the other impediment to selling — capital gains — isn't going anywhere anytime soon, either. So anyone who has been trying to “time” the market should by now none of these key metrics are going to swing enough in either direction to warrant delaying a buying or selling decision any further.
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 01/05/2025:| San Carlos SFR Data | 01/05/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 3 | 0 |
| Average Sold Price: | $2,637,708 | $0 |
| Median Sold Price: | $2,569,125 | $0 |
| Average % Sold vs Orig List Price: | 103% | 0% |
| Average Days Listed of Closed Sales | 12 | 0 |
| Average $/Sq Foot (Sold) | $1,280 | $0 |
| Listings Put Under Contract: | 0 | 0 |
| Total Homes Under Contract: | 9 | 12 |
| New Listings: | 0 | 0 |
| Total Active Listings: | 1 | 0 |
| Average Price of Active Listings: | $2,898,888 | $0 |
| Median Price of Active Listings: | $2,898,888 | $0 |
| Average Days of Active Listings: | 21 | 0 |
| Average $/Sq Foot (List) | $1,208 | $0 |
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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 |
|---|---|---|---|---|---|
| 1710 Cedar Street | $2,975,000 | $3,100,000 | -$125,000 (-4.0%) | $1,521 | 15* |
| 1318 Crestview Drive | $2,569,125 | $2,200,000 | +$369,125 (+16.8%) | $1,266 | 11 |
| 1374 Orange Avenue | $2,369,000 | $2,488,000 | -$119,000 (-19.5%) | $1,053 | 11 |
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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 |
|---|---|---|---|---|---|
- 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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