The San Carlos Real Estate Week in Review: 08/11/25
August 11, 2025
The Recap:
By far the most interesting statistic from last week in the San Carlos residential real estate market is the number of homes that were put under contract. Ten homes found new buyers in just one week, which is a large number for this market, especially considering that it was the first week of August when activity is not normally that robust.
It's probably not possible to pinpoint one specific reason why there was such a sudden uptick in buying activity. Home mortgage rates did drop somewhat last week to the lowest point we've seen in a few months, which could have incentivized buyers to lock in while the rates were low. Or, it could also be that those buyers with school-aged children are anxious to get settled now that the new school year is starting.
One thing seems to be certain, though. From the buyers that I have been talking with at open houses, the shock waves that were created by the tariff wars of April have largely subsided, and they are accepting this environment as the new norm. It's as if they have come back to the stark reality of the choices that are in front of them — either buy into this market, or continue to rent.
The other impact of such a strong week of purchases is that it really depleted the inventory of homes for sale. Last week started off with 20 single-family homes for sale in San Carlos, and it ended with only 14. Only two of the remaining 14 homes are “new” listings, so the options for hopeful San Carlos home buyers just got markedly worse in just seven days. The flipside, however, is that sellers who are looking to bring their home to market in the next few weeks appear to be launching in prime selling conditions.
As I've said before on this site, one week's performance does not make a trend. But the scoresheet from last week, combined with turnout that I saw at my open house at 36 Wildwood Avenue this weekend, are all encouraging signs.
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 08/10/2025:| San Carlos SFR Data | 08/10/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 4 | 1 |
| Average Sold Price: | $2,238,750 | $2,680,000 |
| Median Sold Price: | $2,125,000 | $2,680,000 |
| Average % Sold vs Orig List Price: | 97% | 107% |
| Average Days Listed of Closed Sales | 23 | 15 |
| Average $/Sq Foot (Sold) | $1,383 | $1,112 |
| Listings Put Under Contract: | 10 | 4 |
| Total Homes Under Contract: | 25 | 18 |
| New Listings: | 4 | 2 |
| Total Active Listings: | 14 | 20 |
| Average Price of Active Listings: | $3,265,571 | $2,828,500 |
| Median Price of Active Listings: | $3,073,000 | $2,547,000 |
| Average Days of Active Listings: | 47 | 34 |
| Average $/Sq Foot (List) | $1,289 | $1,215 |
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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 |
|---|---|---|---|---|---|
| 1092 Porto Marino Drive | $2,830,000 | $2,998,000 | -$168,000 (-5.6%) | $1,236 | 11 |
| 1008 Porto Marino Drive | $2,200,000 | $2,150,000 | +$50,000 (+2.3%) | $985 | 9 |
| 2133 Carmelita Drive | $2,050,000 | $2,200,000 | -$150,000 (-6.8%) | $1,971 | 34 |
| 277 Oakview Drive | $1,875,000 | $1,899,999 | -$24,999 (-1.3%) | $1,339 | 36 |
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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 |
|---|---|---|
| 3317 Melendy Drive | $2,499,000 | 7 |
| 476 Wellington Drive | $1,998,000 | 26 |
| 2935 Sherwood Drive | $2,998,000 | 14 |
| 372 Elm Street | $2,290,000 | 48 |
| 333 Oakview Drive | $2,298,000 | 60 |
| 124 Beverly Drive | $2,198,000 | 0 |
| 472 Emerald Avenue | $2,498,000 | 6 |
| 2920 Brittan Avenue | $2,395,000 | 6 |
| 135 Lynton Avenue | $2,998,998 | 12 |
| 2084 San Carlos Avenue | $1,499,000 | 7 |
*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 |
|---|---|---|---|---|---|
| 711 Best Court | $3,648,000 | 5BR/3.5BA | 4,060/12,690 | $898 | Veritas |
| 190 Loma Road | $3,495,000 | 4BR/2.5BA | 2,219/9,343 | $1,575 | Guide |
| 490 Shelford Avenue | $3,148,000 | 4BR/3.5BA | 1,540/6,800 | $1,254 | Elite |
| 36 Wildwood Avenue | $2,998,000 | 3BR/2BA | 1,540/6,800 | $1,946 | Ektra |
- 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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