The San Carlos Real Estate Week in Review: 03/17/25
March 17, 2025
The Recap:
Happy St. Patrick's Day to everyone!
Well, the stock market completed its third straight week of volatility, but this past week showed some signs of stabilization as a few of the prominent tech stocks actually rebounded after two straight weeks of loss. The Peninsula real estate market appears to be largely shrugging off the impact of all of this volatility.
While buyers are certainly lamenting the hit that their portfolios have taken since the recent selloff started, it doesn't appear to be dampening their appetite for housing. Even this past week, I have heard of several Peninsula homes selling after intense multiple-offer battles resulted in nearly 7-figure premiums over the asking price.
The San Carlos market continued to be brisk with six homes being put under contract, which has kept the inventory at only 16 homes for sale as we head into the new week. Four of the seven homes that closed escrow last week enjoyed 6-figure premiums over their asking prices as well, so buyers seem to be forging ahead through the stormy financial seas.
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 03/16/2025:| San Carlos SFR Data | 03/16/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 7 | 2 |
| Average Sold Price: | $3,181,571 | $2,450,000 |
| Median Sold Price: | $2,640,000 | $2,450,000 |
| Average % Sold vs Orig List Price: | 110% | 102% |
| Average Days Listed of Closed Sales | 9 | 16 |
| Average $/Sq Foot (Sold) | $1,705 | $1,467 |
| Listings Put Under Contract: | 6 | 6 |
| Total Homes Under Contract: | 15 | 17 |
| New Listings: | 7 | 5 |
| Total Active Listings: | 16 | 15 |
| Average Price of Active Listings: | $3,524,806 | $3,337,589 |
| Median Price of Active Listings: | $3,273,000 | $2,998,000 |
| Average Days of Active Listings: | 18 | 23 |
| Average $/Sq Foot (List) | $1,282 | $1,303 |
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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 |
|---|---|---|---|---|---|
| 920 Heather Drive | $5,198,000 | $5,198,000 | $0 (0%) | $1,753 | 6 |
| 767 Orange Avenue | $4,200,000 | $4,400,000 | -$200,000 (-4.5%) | $1,622 | 17 |
| 204 Clifton Avenue | $2,640,000 | $2,700,000 | -$60,000 (-2.2%) | $1,382 | 2 |
| 1305 Morse Boulevard | $2,800,000 | $2,248,000 | +$552,000 (+24.6%) | $1,761 | 7 |
| 1340 Hull Drive | $2,600,000 | $2,499,000 | +$101,000 (+4.0%) | $1,459 | 12 |
| 2842 Roland Avenue | $2,508,000 | $2,095,000 | +$413,000 (+19.7%) | $1,718 | 9 |
| 1239 Elm Street | $2,325,000 | $1,798,000 | +$527,000 (+29.3%) | $2,238 | 9 |
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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 |
|---|---|---|
| 2000 Saint Francis Way | $2,599,950 | 34 |
| 40 Pine Avenue | $4,250,000 | 6 |
| 1354 Oakhurst Avenue | $1,749,000 | 31 |
| 1039 Inverness Drive | $1,388,000 | 5 |
| 7 Chestnut Street | $2,398,000 | 13 |
| 2080 Arroyo Avenue | $2,080,000 | 1 |
*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 |
|---|---|---|---|---|---|
| 142 Coronado Avenue | $4,698,000 | 6BR/7BA | 4,414/22,174 | $1,064 | Coldwell Banker |
| 131 Los Vientos Way | $3,498,000 | 4BR/3.5BA | 3,210/22,174 | $1,090 | Probity |
| 400 Alameda | $3,248,000 | 4BR/4.5BA | 2,491/7,050 | $1,304 | Christies |
| 72 Wessex Way | $2,988,000 | 4BR/3.5BA | 2,280/7,268 | $1,311 | BQ |
| 913 Heather Drive | $2,188,000 | 3BR/2BA | 1,560/9,724 | $1,403 | Compass |
| 2080 Arroyo Avenue | $2,080,000 | 3BR/2BA | 1,887/5,000 | $1,102 | Agency |
| 1101 Elm Street | $1,898,000 | 3BR/1.5BA | 1,240/4,880 | $1,531 | Redfin |
- 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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