The San Carlos Real Estate Week in Review: 04/28/25
April 28, 2025
The Recap:
Although only two homes changed hands in what was a light activity week in San Carlos, the upward trend in pricing that we have been seeing continued with those two sales. Each of these deals landed multiple 6-figure premiums above their asking price, which has been consistent with contracts that were forged in March and early April.
But as I was mining through data last week on what we may expect when we close the books on April this week, I found an alarming stat that tells me that the nice bounce we experienced in March might be short-lived. Tune in to the blog later this week, where I will elaborate more on this one particularly important trend.
For now, here's what happened last week in your local market:
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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 04/27/2025:| San Carlos SFR Data | 04/27/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 2 | 5 |
| Average Sold Price: | $2,975,000 | $3,035,000 |
| Median Sold Price: | $2,975,000 | $3,025,000 |
| Average % Sold vs Orig List Price: | 111% | 116% |
| Average Days Listed of Closed Sales | 6 | 8 |
| Average $/Sq Foot (Sold) | $1,474 | $1,665 |
| Listings Put Under Contract: | 3 | 3 |
| Total Homes Under Contract: | 17 | 16 |
| New Listings: | 2 | 3 |
| Total Active Listings: | 21 | 22 |
| Average Price of Active Listings: | $3,210,998 | $3,188,811 |
| Median Price of Active Listings: | $2,998,000 | $2,998,000 |
| Average Days of Active Listings: | 29 | 26 |
| Average $/Sq Foot (List) | $1,200 | $1,184 |
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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 |
|---|---|---|---|---|---|
| 975 Buckland Avenue | $3,800,000 | $3,480,000 | +$320,000 (+9.2%) | $1,214 | 5 |
| 1101 Elm Street | $2,150,000 | $1,898,000 | +$252,000 (+13.3%) | $1,734 | 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 |
|---|---|---|
| 878 Heather Drive | $2,498,000 | 10 |
| 1534 White Oak Way | $2,790,000 | 6 |
| 199 Kings Court | $3,888,888 | 83 |
*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 |
|---|---|---|---|---|---|
| 1320 Hull Drive | $2,338,000 | 4BR/3BA | 1,700/6,050 | $1,375 | Christies |
| 708 Neal Avenue | $2,298,000 | 3BR/2BA | 1,560/5,445 | $1,473 | 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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