The San Carlos Real Estate Week in Review: 07/28/25
July 28, 2025
The Recap:
We are heading into the final week of July, and the summertime activity in the San Carlos real estate market has remained steady. We are slightly ahead of the pace of the past two July's (2023 and 2024) in the area of new listings and pending sales, which is good news, but we are nowhere near the typical volume levels that we grew accustomed to over the past couple of decades. In fact, I read an article this past week that recapped the final May sales numbers nationwide, and if you extrapolate this data to an annually-adjusted figure, we are on a pace to close 3.9M homes across the nation – which would be lower than the marks set in 2023 and 2024, which were the lowest in 30 years.
The shortage of inventory has kept home prices high in San Carlos, however — this past week, all four homes that closed escrow fetched 6-figure premiums over their respective asking prices, although one of those homes was withdrawn and relisted at a lower price before it achieved its final result.
You can expect the activity level in the market to start picking up again next week, as summer vacations come to a close and more buyers will be back in town resuming their home searches.
Here's what happened last week in the San Carlos real estate market:
_________________________________________________________________________
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 07/27/2025:| San Carlos SFR Data | 07/27/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 4 | 6 |
| Average Sold Price: | $2,270,000 | $2,145,833 |
| Median Sold Price: | $2,160,000 | $2,050,000 |
| Average % Sold vs Orig List Price: | 111% | 99% |
| Average Days Listed of Closed Sales | 9 | 33 |
| Average $/Sq Foot (Sold) | $1,570 | $1,321 |
| Listings Put Under Contract: | 2 | 6 |
| Total Homes Under Contract: | 14 | 17 |
| New Listings: | 5 | 4 |
| Total Active Listings: | 22 | 17 |
| Average Price of Active Listings: | $2,820,727 | $2,662,658 |
| Median Price of Active Listings: | $2,547,000 | $2,374,000 |
| Average Days of Active Listings: | 29 | 28 |
| Average $/Sq Foot (List) | $1,252 | $1,298 |
_________________________________________________________________________
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 |
|---|---|---|---|---|---|
| 24 Sunnydale Avenue | $2,810,000 | $2,530,000 | +$280,000 (+11.1%) | $1,479 | 11 |
| 1620 Chestnut Street | $2,220,000 | $1,795,000 | +$425,000 (+23.7%) | $1,563 | 12 |
| 708 Neal Avenue | $2,100,000 | $1,998,000 | +$102,000 (+5.1%) | $1,346 | 6 |
| 1524 Howard Avenue | $1,950,000 | $1,849,000 | +$101,000 (+5.5%) | $1,893 | 7 |
_________________________________________________________________________
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 |
|---|---|---|
| 1423 Greenwood Avenue | $1,499,000 | 14 |
| 774 Chestnut Street | $899,950 | 9 |
| 997 Crestview Drive | $3,495,000 | 21 |
*Designates that the home was either listed or sold off of the public-facing MLS.
_________________________________________________________________________
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 |
|---|---|---|---|---|---|
| 324 Clifton Avenue | $3,495,000 | 5BR/3.5BA | 2,760/7,069 | $1,266 | Compass |
| 135 Lynton Avenue | $2,998,998 | 4BR/3BA | 3,735/8,249 | $1,126 | RE/MAX |
| 2935 Sherwood Drive | $2,998,000 | 4BR/3.5BA | 3,735/8,249 | $803 | Berkshire Hathaway |
| 3317 Melendy Drive | $2,499,000 | 4BR/2BA | 3,090/11,200 | $809 | Real Smart/Christies |
| 885 Elm Street | $1,995,000 | 3BR/2BA | 1,450/5,223 | $1,376 | 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.
Posted in: