The San Carlos Real Estate Week in Review: 02/24/25
February 24, 2025
The Recap:
I ran some statistics yesterday to see where the San Carlos market positioned this year compared to last year. As I've stated before numerous times in this forum, 2023 and 2024 were two of the lowest years on record for listing and sales for single-family residences in San Carlos, so it's imperative that this market start showing signs of a rebound. This is acutely true when you recognize that every city along the Peninsula except San Carlos enjoyed an uptick last year.
Here's a quick look at some single-family home stats for just the first two months of 2025 in San Carlos:
- Closed Sales: 22, or a 10% increase over 2024.
- New Listings: 40, or an 8% increase over 2024.
- Average Sales Price: $3.092M, or a 21% increase over 2024.
- Median Sales Price: $3.088M, or a 27% increase over 2024.
- Average Price/Square Foot: $1,405, or a 12% increase over 2024
There's still a full week of February to go, so these numbers will likely improve further after this week.
Granted, 22 sales is not a huge pool of data to draw conclusions about, but this data is still very impressive. It's great news that more homes are being listed and sold than in the previous two years. But the rapid acceleration in home prices is simply astounding, especially if those levels maintain as 2025 progresses. This is obviously great news if you're selling your home in the near future, but not so much from the affordability perspective if you're a buyer in this market — especially if you deliberately delayed buying a house last year hoping that prices might drop.
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 02/23/2025:| San Carlos SFR Data | 02/23/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 4 | 3 |
| Average Sold Price: | $3,187,500 | $2,956,000 |
| Median Sold Price: | $3,162,500 | $2,900,000 |
| Average % Sold vs Orig List Price: | 110% | 107% |
| Average Days Listed of Closed Sales | 9 | 4 |
| Average $/Sq Foot (Sold) | $1,594 | $1,511 |
| Listings Put Under Contract: | 6 | 2 |
| Total Homes Under Contract: | 12 | 9 |
| New Listings: | 3 | 2 |
| Total Active Listings: | 12 | 15 |
| Average Price of Active Listings: | $3,401,236 | $3,395,869 |
| Median Price of Active Listings: | $2,996,500 | $2,995,000 |
| Average Days of Active Listings: | 20 | 19 |
| Average $/Sq Foot (List) | $1,377 | $1,405 |
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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 |
|---|---|---|---|---|---|
| 2049 Brittan Avenue | $3,600,000 | $3,388,000 | +$212,000 (+6.3%) | $1,513 | 0* |
| 146 Belvedere Avenue | $3,400,000 | $3,399,000 | +$1,000 (+0%) | $1,581 | 0* |
| 1944 Eucalyptus Avenue | $2,925,000 | $2,595,000 | +$330,000 (+12.7%) | $1,670 | 11 |
| 1701 Chestnut Street | $2,825,000 | $2,299,000 | +$526,000 (+22.9%) | $1,614 | 7 |
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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 |
|---|---|---|
| 1024 Springfield Drive | $1,495,000 | 21 |
| 204 Clifton Ave | $2,700,000 | 0* |
| 109 Rockridge Road | $2,398,000 | 37 |
| 409 Sycamore Street | $2,499,000 | 19 |
| 15 Cambridge Street | $1,995,000 | 8 |
| 920 Heather Drive | $5,198,000 | 6 |
*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 |
|---|---|---|---|---|---|
| 2845 Brittan Avenue | $3,095,000 | 4BR/2.5BA | 3,080/9,120 | $1,005 | Keller Williams |
| 1182 Walnut Street | $2,399,000 | 3BR/2BA | 1,700/4,800 | $1,411 | Compass |
| 111 Arundel Road | $1,695,000 | 2BR/1.5BA | 1,030/5,730 | $1,646 | Keller Williams |
- 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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