The San Carlos Real Estate Week in Review: 03/10/25
March 10, 2025
The Recap:
The buying activity continued at a robust pace last week in the San Carlos residential real estate market. Six homes were put under contract, while five more homes took their place on active roster. Overall inventory remains low with only 15 single-family homes for sale.
Looking ahead to this week, the big concern on everyone's mind is not interest rates but the trajectory of the stock market. The market this morning is starting on a significant downward trend for the third straight week, and considering that equities usually comprise a significant component of a typical buyer's purchasing power, it's conceivable that this may start to impact the local real estate market.
The sales activity over the past few weeks hasn't indicated downward pressure as well-priced homes that are priced correctly are still getting multiple offers, but if the stock market continues on this trend it will indeed threaten the vitality of the housing market throughout the Peninsula.
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 03/09/2025:| San Carlos SFR Data | 03/09/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 2 | 2 |
| Average Sold Price: | $2,450,000 | $2,925,000 |
| Median Sold Price: | $2,450,000 | $2,925,000 |
| Average % Sold vs Orig List Price: | 102% | 104% |
| Average Days Listed of Closed Sales | 16 | 16 |
| Average $/Sq Foot (Sold) | $1,467 | $1,186 |
| Listings Put Under Contract: | 6 | 4 |
| Total Homes Under Contract: | 17 | 14 |
| New Listings: | 5 | 6 |
| Total Active Listings: | 15 | 14 |
| Average Price of Active Listings: | $3,337,589 | $3,163,917 |
| Median Price of Active Listings: | $2,998,000 | $2,649,975 |
| Average Days of Active Listings: | 23 | 21 |
| Average $/Sq Foot (List) | $1,303 | $1,327 |
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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 |
|---|---|---|---|---|---|
| 3473 La Mesa Drive | $3,400,000 | $3,295,000 | +$105,000 (+3.2%) | $1,388 | 10 |
| 1024 Springfield Drive | $1,500,000 | $1,495,000 | +$5,000 (+0.3%) | $1,546 | 21 |
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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 |
|---|---|---|
| 204 Clifton Avenue | $2,640,000 | 0* |
| 125 Palm Avenue | $2,498,000 | 6 |
| 2842 Roland Avenue | $2,095,000 | 9 |
| 111 Arundel Road | $1,695,000 | 14 |
| 1040 Walnut Street | $2,495,000 | 7 |
| 1473 Greenbrier Road | $2,795,000 | 30 |
*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 |
|---|---|---|---|---|---|
| 40 Pine Avenue | $4,250,000 | 5BR/3.5BA | 2,765/22,388 | $1,537 | Sothebys |
| 9 Burnham Court | $3,495,000 | 4BR/3.5BA | 2,980/10,187 | $1,107 | Sothebys |
| 105 Brook Street | $2,495,000 | 3BR/2BA | 1,820/7,680 | $1,370 | Coldwell Banker |
| 213 Garnet Avenue | $2,488,000 | 3BR/2BA | 1,865/6,029 | $1,334 | Nuterra |
| 1039 Inverness Drive | $1,388,000 | 2BR/1BA | 820/5,000 | $1,693 | 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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