The San Carlos Real Estate Week in Review: 04/21/25

The Recap:

I hope everyone had a splendid Easter weekend. I spent mine holding open the incredible home I have listed at 113 Wildwood Avenue. It was very interesting to hear everyone's perspective on the current job market, the stock market, and of course, interest rates. But no matter what the challenge, people are still out looking to buy real estate in San Carlos.

Just look at the closed sales from last week. All five homes that closed last week enjoyed massive premiums over their asking prices – anywhere from $200K – $700K premiums. Arguably, a few of these were priced aggressively when compared to comparable sales, but the end results were quite eye-opening, especially considering the economic headwinds we are currently facing.

Later this week I will publish the Q1 update for San Carlos. What you'll see in those numbers is that the San Carlos market appears to be slowly rebounding from a couple of tough years that we experienced in 2023 and 2024.

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 04/20/2025:

San Carlos SFR Data	04/20/25	Previous Week
Number of Closed Sales:	5	5
Average Sold Price:	$3,035,000	$2,970,000
Median Sold Price:	$3,025,000	$2,650,000
Average % Sold vs Orig List Price:	116%	102%
Average Days Listed of Closed Sales	8	19
Average $/Sq Foot (Sold)	$1,665	$1,445
Listings Put Under Contract:	3	5
Total Homes Under Contract:	16	18
New Listings:	3	9
Total Active Listings:	22	22
Average Price of Active Listings:	$3,188,811	$3,096,993
Median Price of Active Listings:	$2,998,000	$2,998,000
Average Days of Active Listings:	26	22
Average $/Sq Foot (List)	$1,184	$1,212

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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
72 Wessex Way	$3,530,000	$2,988,000	+$542,000 (+18.1%)	$1,548	12
701 Sunset Drive	$3,450,000	$2,748,000	+$702,000 (+25.5%)	$1,591	6
824 Orange Avenue	$3,025,000	$2,698,000	+$327,000 (+12.1%)	$2,037	5
25 Sunnydale Avenue	$2,770,000	$2,498,000	+$272,000 (+10.9%)	$1,435	9
156 Arundel Road	$2,400,000	$2,098,000	+$302,000 (+14.4%)	$1,714	6

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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
1368 Woodland Avenue	$3,400,000	13
1585 Greenwood Avenue	$1,898,000	5
1137 Elm Street	$1,838,000	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
113 Wildwood Avenue	$4,888,000	5BR/3BA	3,190/8,439	$1,532	Ektra
1534 White Oak Way	$2,790,000	3BR/2BA	1,980/5,750	$1,409	Coldwell Banker
1438 Oakhurst Avenue	$1,895,000	2BR/2BA	1,396/4,400	$1,357	Sothebys

• 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.