The San Carlos Real Estate Week in Review: 06/02/25
June 2, 2025
The Recap:
Welcome to June! The month of May felt like it flew by, but now it's in the books. The Sold table below shows a stark example of what started happening to the San Carlos real estate market once the tariffs hit full force in April — homes in the higher price range were suddenly taking price reductions to get into contract, while the homes listed below $2,000,000 were still showing strong demand and oftentimes fetching premiums over their respective list prices. Not every home in these respective buckets behaved this way, but it has become a very noticeable trend for homes that were put under contract in mid-late April.
Overall, the residential real estate market is holding steady. For the first five months of 2025, overall sales revenue in the San Carlos market (all single-family homes and condos sold) was up 5.2% from the same five months in 2024. New listings were up a whopping 22%, but I suspect that a chunk of these “new” listings were homes that were canceled and re-listed at a lower price. Nevertheless, any increase over 2024 is good news.
The two areas that showed declining numbers for this period were the number of closed sales (-4.3%), and the number of homes put under contract (-3.9%). These are not huge drops, but they do underscore the impact of the market volatility that started in April. After all, when I ran these same numbers at the end of March, you'll recall they were all much higher than the same period in 2024.
Here's what happened last week in the San Carlos real estate 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 06/01/2025:| San Carlos SFR Data | 06/01/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 7 | 5 |
| Average Sold Price: | $2,795,286 | $2,642,000 |
| Median Sold Price: | $2,732,000 | $2,450,000 |
| Average % Sold vs Orig List Price: | 104% | 113% |
| Average Days Listed of Closed Sales | 20 | 9 |
| Average $/Sq Foot (Sold) | $1,186 | $1,412 |
| Listings Put Under Contract: | 3 | 7 |
| Total Homes Under Contract: | 13 | 17 |
| New Listings: | 6 | 1 |
| Total Active Listings: | 25 | 21 |
| Average Price of Active Listings: | $2,932,473 | $3,178,617 |
| Median Price of Active Listings: | $2,625,000 | $2,960,000 |
| Average Days of Active Listings: | 28 | 36 |
| Average $/Sq Foot (List) | $1,278 | $1,178 |
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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 |
|---|---|---|---|---|---|
| 142 Coronado Avenue | $4,275,000 | $4,698,000 | -$423,000 (-9.0%) | $969 | 48 |
| 80 Gateway Court | $3,025,000 | $3,250,000 | -$225,000 (-6.9%) | $1,116 | 27 |
| 300 Chesham Avenue | $2,780,000 | $2,795,000 | -$15,000 (-0.5%) | $1,188 | 11 |
| 244 Chesham Avenue | $2,732,000 | $2,998,000 | -$266,000 (-8.9%) | $878 | 26 |
| 800 Cordilleras Avenue | $2,355,000 | $1,945,000 | +$410,000 (+21.1%) | $1,707 | 11 |
| 1962 Brittan Avenue | $2,250,000 | $1,988,880 | +$261,120 (+13.1%) | $1,433 | 5 |
| 46 Hilltop Drive | $2,150,000 | $1,775,000 | +$375,000 (+21.1%) | $1,014 | 12 |
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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 |
|---|---|---|
| 939 Walnut Street | $4,265,000 | 8 |
| 131 Los Vientos Way | $2,998,000 | 75 |
| 610 De Anza Avenue | $2,195,000 | 28 |
*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 |
|---|---|---|---|---|---|
| 749 Tamarack Avenue | $4,800,000 | 5BR/4.5BA | 2,982/6,584 | $1,609 | Compass |
| 1338 Arroyo Avenue | $3,798,000 | 4BR/3.5BA | 2,640/5,052 | $1,439 | Keller Williams |
| 607 Dartmouth Avenue | $2,798,000 | 3BR/3BA | 1,780/8,892 | $1,572 | Redfin |
| 3324 Melendy Drive | $2,788,000 | 3BR/4BA | 2,460/10,347 | $1,133 | Sothebys |
| 24 Chilton Avenue | $2,435,000 | 4BR/2BA | 1,660/8,520 | $1,413 | Christies |
| 1405 Oakhurst Avenue | $1,898,000 | 2BR/2BA | 1,363/6,087 | $1,363 | Christies |
- 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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