The San Carlos Real Estate Week in Review: 09/01/25
September 1, 2025
The Recap:
Happy Labor Day to everyone! I hope you are all enjoying the last big holiday weekend of the summer of 2025. It's crazy to think that we are already 2/3 through this year already, and we'll be tallking about Thanksgiving and Christmas soon.
Labor Day weekend is key in the residential real estate market because it is the point on the calendar when the switch gets flipped back to “on” again after taking a breather in July and August. There are currently only 14 single-family homes for sale in San Carlos as of this morning, but look for that number to jump over the next 7-10 days. There are seven listings that are listed as “coming soon” on the MLS, and probably an equal number that are also ready to go, but just not being pre-listed on the MLS, so if this fall follows the pattern of previous years, we have two busy months ahead of us.
I took a very quick peek at the high-level statistics for the San Carlos residential real estate market through the end of August, and we're slightly ahead of where we were at this time last year in terms of number of sales and total revenue, but still behind the same period of 2023. This is in line with how the stats have been tracking all year, and if they hold at this pace, then 2024 will mark the bottom of the downturn that started in the second half of 2022 when interest rates first started to rise. Hopefully, this slight upward trend will continue into 2026.
Enjoy your barbecues today! 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 08/24/2025:| San Carlos SFR Data | 08/31/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 8 | 7 |
| Average Sold Price: | $2,535,625 | $1,835,143 |
| Median Sold Price: | $2,430,000 | $1,850,000 |
| Average % Sold vs Orig List Price: | 103% | 101% |
| Average Days Listed of Closed Sales | 23 | 18 |
| Average $/Sq Foot (Sold) | $1,266 | $1,435 |
| Listings Put Under Contract: | 5 | 7 |
| Total Homes Under Contract: | 21 | 24 |
| New Listings: | 3 | 4 |
| Total Active Listings: | 14 | 15 |
| Average Price of Active Listings: | $3,299,206 | $3,062,252 |
| Median Price of Active Listings: | $2,856,500 | $2,495,000 |
| Average Days of Active Listings: | 44 | 41 |
| Average $/Sq Foot (List) | $1,277 | $1,236 |
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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 |
|---|---|---|---|---|---|
| 190 Loma Road | $3,675,000 | $3,495,000 | +$180,000 (+4.9%) | $1,656 | 7 |
| 71 Club Drive | $2,910,000 | $2,798,000 | +$112,000 (+4.0%) | $1,323 | 17 |
| 2935 Sherwood Drive | $2,750,000 | $2,998,000 | -$248,000 (-8.3%) | $736 | 14 |
| 3317 Melendy Drive | $2,550,000 | $2,499,000 | +$51,000 (+2.0%) | $825 | 7 |
| 372 Elm Street | $2,310,000 | $2,390,000 | -$80,000 (-3.3%) | $1,050 | 48 |
| 333 Oakview Drive | $2,200,000 | $2,298,000 | -$98,000 (-4.3%) | $1,467 | 60 |
| 2084 San Carlos Avenue | $2,020,000 | $1,499,000 | +$521,000 (+34.8%) | $1,952 | 7 |
| 476 Wellington Drive | $1,870,000 | $1,998,000 | -$128,000 (-6.4%) | $1,120 | 26 |
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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 |
|---|---|---|
| 2000 Arroyo Avenue | $2,535,000 | 0* |
| 36 Wildwood Avenue | $2,998,000 | 19 |
| 1037 Walnut Street | $2,099,888 | 19 |
| 104 Winding Way | $1,715,000 | 52 |
| 108 Normandy Court | $2,300,000 | 7 |
| 2130 Belmont Avenue | $3,499,000 | 0* |
*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 |
|---|---|---|---|---|---|
| 270 Oakview Drive | $3,777,000 | 4BR/3BA | 2,740/7,029 | $1,378 | Ektra |
| 2235 Carmelita Drive | $3,598,000 | 4BR/3.5BA | 2,390/5,500 | $1,505 | Christies |
| 1400 Oakhurst Avenue | $1,998,000 | 2BR/1.5BA | 1,310/4,179 | $1,525 | 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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