The San Carlos Real Estate Week in Review: 11/10/25
November 10, 2025
The Recap:
Affordability has been a recurring topic in the past few weekly updates, especially here in San Carlos, where the median price of a single-family home is now $2,645,000. But housing affordability appears to be a nationwide problem, as evidenced by this article in Newsweek, which summarizes the results of a recent homeowner survey that was conducted by the National Association of Realtors (NAR). The survey reveals some concerning trends about the nationwide housing market:
- Age of First-Time Buyers: The average first-time home buyer nationwide is now 40 years of age – the highest average age on record.
- Percentage of First-Time Buyers: Only 21% of all homes sold year-to-date went to first-time buyers, which is the lowest percentage since NAR began keeping these records in 1981.
- Renters: The number of renters nationwide has reached 46 million, marking an all-time high according to the US Census. This is largely driven by the Gen Z population, which appears to favor renting over owning.
We're already feeling the effect of this shift right here at home, as rental prices have skyrocketed in just the past two years. It's challenging to envision that our local market won't face negative consequences if the number of first-time buyers continues to decline.
From the San Carlos perspective on affordability, the median price of homes that are currently listed for sale still sits just above $3,200,000, which is a staggering number. And if you're lucky enough to even be able to afford a $2,000,000 home, which is no small feat, there are only three of them in the entire city for you to see right now.
Here are the numbers from last week in your local 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 11/9/2025:| San Carlos SFR Data | 11/9/25 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 6 | 7 |
| Average Sold Price: | $2,385,833 | $2,524,444 |
| Median Sold Price: | $2,362,500 | $2,850,000 |
| Average % Sold vs Orig List Price: | 104% | 108% |
| Average Days Listed of Closed Sales | 18 | 9 |
| Average $/Sq Foot (Sold) | $1,390 | $1,375 |
| Listings Put Under Contract: | 5 | 3 |
| Total Homes Under Contract: | 19 | 19 |
| New Listings: | 4 | 5 |
| Total Active Listings: | 20 | 23 |
| Average Price of Active Listings: | $3,506,100 | $3,353,739 |
| Median Price of Active Listings: | $3,225,000 | $2,780,000 |
| Average Days of Active Listings: | 39 | 35 |
| Average $/Sq Foot (List) | $1,198 | $1,191 |
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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 |
|---|---|---|---|---|---|
| 400 Winding Way | $3,140,000 | $3,200,000 | -$60,000 (-1.9%) | $954 | 27 |
| 956 Tamarack Avenue | $2,650,000 | $2,599,000 | +$51,000 (+2.0%) | $1,455 | 6 |
| 300 Manzanita Avenue | $2,425,000 | $1,998,000 | +$427,000 (+21.4%) | $1,347 | 12 |
| 1463 Greenwood Avenue | $2,300,000 | $2,198,000 | +$102,000 (+4.6%) | $1,456 | 11 |
| 89 Hilltop Drive | $1,951,000 | $1,898,000 | +$53,000 (+2.8%) | $1,640 | 10 |
| 46 Arch Lane | $1,849,000 | $1,898,000 | -$49,000 (-2.6%) | $1,370 | 42 |
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San Carlos Single-Family Homes Pending Sale
The following single-family homes were put under contract in San Carlos last week. Click on the address of each home to see more details and photos:| Address | List Price | Days Listed |
|---|---|---|
| 186 Wildwood Avenue | $2,098,000 | 53 |
| 108 Beverly Drive | $2,199,000 | 13 |
| 2595 Eaton Avenue | $2,288,000 | 13 |
| 100 Garnet Avenue | $1,898,000 | 13 |
| 10 Winding Way | $2,695,000 | 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 |
|---|---|---|---|---|---|
| 2250 Carmelita Drive | $3,925,000 | 4BR/3BA | 2,440/10,330 | $1,609 | Sereno |
| 1173 Elm Street | $3,550,000 | 4BR/3.5BA | 2,332/4,800 | $1,522 | Coldwell Banker |
| 1316 Elm Street | $2,810,000 | 4BR/3BA | 1,957/4,800 | $1,436 | Dumas & Company |
| 80 Hilltop Drive | $1,798,000 | 2BR/1BA | 1,413/5,325 | $1,272 | DLP |
- 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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