The San Carlos Real Estate Week in Review: 02/10/25
February 10, 2025
The Recap:
The Super Bowl (and the football season) is now over, and in past years that signaled the start of the residential real estate season on the Peninsula. However, in the most recent years, smart home sellers realized that selling their home in January and not waiting until after the big weekend was a lucrative decision since the imbalance between buyers and sellers is sometimes at its highest level in January. It also helps when January is marked with several weeks on end of beautiful weather, which we again experienced this year.
Now that we have “kicked off” the 2025 real estate season, all indications are that it's going to be a busy one — at least for the first half of the year. As I mentioned last week, the number of San Carlos listings in January of this year easily eclipsed the same mark last year, and the momentum appears to be carrying forward in February. Home mortgage rates have been quietly creeping downward the past two weeks, which should further incentivize home buyers to buy, and even reluctant sellers to finally move.
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 02/09/2025:| San Carlos SFR Data | 02/09/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 4 | 1 |
| Average Sold Price: | $3,524,500 | $2,325,000 |
| Median Sold Price: | $3,550,000 | $2,325,000 |
| Average % Sold vs Orig List Price: | 108% | 126% |
| Average Days Listed of Closed Sales | 5 | 6 |
| Average $/Sq Foot (Sold) | $1,403 | $2,058 |
| Listings Put Under Contract: | 4 | 2 |
| Total Homes Under Contract: | 11 | 11 |
| New Listings: | 6 | 3 |
| Total Active Listings: | 14 | 11 |
| Average Price of Active Listings: | $3,285,217 | $2,954,099 |
| Median Price of Active Listings: | $2,847,475 | $2,679,200 |
| Average Days of Active Listings: | 13 | 13 |
| Average $/Sq Foot (List) | $1,375 | $1,302 |
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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 |
|---|---|---|---|---|---|
| 205 Aberdeen Drive | $4,100,000 | $3,888,000 | +$212,000 (+5.5%) | $1,708 | 7 |
| 223 Exeter Drive | $3,600,000 | $2,998,000 | +$602,000 (+20.1%) | $1,111 | 1 |
| 58 Northam Avenue | $3,500,000 | $3,350,000 | +$150,000 (+4.5%) | $1,207 | 3 |
| 2072 Greenwood Avenue | $2,898,000 | $2,898,000 | $0 (0%) | $1,585 | 8 |
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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 |
|---|---|---|
| 1701 Chestnut Street | $2,299,000 | 1 |
| 409 Sycamore Street | $2,499,000 | 13 |
| 2810 Susie Lane | $2,699,000 | 13 |
| 3473 La Mesa Drive | $3,295,000 | 10 |
*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 |
|---|---|---|---|---|---|
| 222 Oakley Avenue | $7,200,000 | 5BR/5BA | 6,570/20,298 | $1,096 | Coldwell Banker |
| 767 Orange Avenue | $4,400,000 | 4BR/3.5BA | 2,590/5,750 | $1,699 | Strombom |
| 1473 Greenbrier Road | $2,995,000 | 4BR/2BA | 1,900/7,000 | $1,576 | Agency |
| 2000 Saint Francis Way | $2,699,950 | 4BR/2BA | 2,110/6,325 | $1,280 | Intero |
| 1305 Morse Boulevard | $2,248,000 | 3BR/2BA | 1,590/6,000 | $1,414 | Coldwell Banker |
| 1354 Oakhurst Avenue | $1,749,000 | 2BR/2BA | 1,090/3,250 | $1,605 | 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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