The San Carlos Real Estate Week in Review: 03/03/25
March 3, 2025
The Recap:
Last week I highlighted some interesting stats that highlighted how the 2025 market in San Carlos compared to the same period last year, even though there was still a full week of February to go. Now that February is completely in the books, I thought it would be good to refresh those stats:
- Closed Sales: 24, or a 20% increase over 2024.
- New Listings: 43, or an 16% increase over 2024.
- Average Sales Price: $3.078M, or a 21% increase over 2024.
- Median Sales Price: $2.988M, or a 23% increase over 2024.
- Average Price/Square Foot: $1,405, or a 12% increase over 2024
Looking ahead, it's apparent to me that there is a significant pool of inventory in San Carlos that will be hitting the market in the coming months, so this rebound that we are experiencing should continue throughout the Spring.
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 03/02/2025:| San Carlos SFR Data | 03/02/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 2 | 4 |
| Average Sold Price: | $2,925,000 | $3,187,500 |
| Median Sold Price: | $2,925,000 | $3,162,500 |
| Average % Sold vs Orig List Price: | 104% | 110% |
| Average Days Listed of Closed Sales | 16 | 9 |
| Average $/Sq Foot (Sold) | $1,186 | $1,594 |
| Listings Put Under Contract: | 4 | 6 |
| Total Homes Under Contract: | 14 | 12 |
| New Listings: | 6 | 3 |
| Total Active Listings: | 14 | 12 |
| Average Price of Active Listings: | $3,163,917 | $3,401,236 |
| Median Price of Active Listings: | $2,649,975 | $2,996,500 |
| Average Days of Active Listings: | 21 | 20 |
| Average $/Sq Foot (List) | $1,327 | $1,377 |
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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 |
|---|---|---|---|---|---|
| 2 El Sereno Drive | $3,050,000 | $2,950,000 | +$100,000 (+3.4%) | $1,215 | 18 |
| 2810 Susie Lane | $2,800,000 | $2,699,000 | +$101,000 (+3.7%) | $1,157 | 13 |
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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 |
|---|---|---|
| 767 Orange Avenue | $4,400,000 | 17 |
| 56 Sequoia Court | $3,498,000 | 1 |
| 1182 Walnut Street | $2,399,000 | 9 |
| 2845 Brittan Avenue | $3,095,000 | 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 |
|---|---|---|---|---|---|
| 1025 Walnut Street | $4,288,000 | 5BR/5BA | 3,059/6,000 | $1,401 | Probity |
| 56 Sequoia Court | $3,498,000 | 4BR/4.5BA | 3,720/5,732 | $940 | Christies |
| 125 Palm Avenue | $2,498,000 | 3BR/3BA | 2,542/5,258 | $983 | Christies |
| 1040 Walnut Street | $2,495,000 | 4BR/3BA | 1,555/6,000 | $1,605 | Christies |
| 7 Chestnut Street | $2,398,000 | 4BR/3BA | 2,870/12,838 | $836 | KW |
| 2842 Roland Avenue | $2,095,000 | 3BR/2BA | 1,460/5,700 | $1,435 | Compass |
- 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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