The San Carlos Real Estate Week in Review: 10/12/26

The Recap:

One way for home buyers to combat rising mortgage interest rates is to increase the amount of cash they are willing to put into their purchase in order to lessen the amount of interest that they will be paying. Obviously, an all-cash offer makes interest rates a moot point. In a post I wrote a few weeks ago, I calculated that all-cash purchases in San Carlos had stayed steady at around 15% for the 5 years leading up to 2026.

We’re now 3/4 of the way through the year, and that percentage has jumped up to 20%, the highest level that I have ever seen for San Carlos home purchases. If the market for tech stocks remains strong, this percentage will only continue to creep upward.

But that doesn’t mean that traditionally financed purchases won’t continue to impact this market. Just last week, the home at 126 Kelton Avenue sold for $700,000 above its asking price, and that transaction was financed with a bank loan. But as interest rates inch toward 8%, you’re going to see cash start to wrestle control of the local real estate market.

Enjoy the extra day off today if you are lucky enough to get it! Here are the numbers from last week’s market in San Carlos:

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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-day period ending Sunday, 10/11/2026:

San Carlos SFR Data	10/11/26	Previous Week
Number of Closed Sales:	2	1
Average Sold Price:	$2,825,000	$2,600,000
Median Sold Price:	$2,825,000	$2,600,000
Average % Sold vs Orig List Price:	116%	108%
Average Days Listed of Closed Sales	12	5
Average $/Sq Foot (Sold)	$1,595	$1,469
Listings Put Under Contract:	4	5
Total Homes Under Contract:	14	12
New Listings:	4	5
Total Active Listings:	18	18
Average Price of Active Listings:	$3,060,883	$2,878,105
Median Price of Active Listings:	$2,869,000	$2,750,000
Average Days of Active Listings:	39	37
Average $/Sq Foot (List)	$1,491	$1,355

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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
126 Kelton Avenue	$3,100,000	$2,398,000	+$702,000 (+29.3%)	$1,925	5
76 Coronado Avenue	$2,550,000	$2,495,000	+$55,000 (+2.2%)	$1,266	18

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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
2108 Howard Avenue	$2,798,000	0*
2937 Sherwood Drive	$2,698,000	12
1604 White Oak Way	$2,798,000	7
149 Beverly Drive	$1,498,000	6

*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
2209 Carmelita Drive	$3,998,000	4BR/3BA	2,554/4,650	$1,565	Sothebys
1376 Cedar Street	$3,998,000	3BR/2BA	1,840/10,500	$2,173	Christies
121 Beverly Drive	$3,099,000	4BR/3BA	2,900/6,546	$1,067	Breakwater
450 Phelps Road	$2,088,000	3BR/2BA	1,950/6,546	$1,071	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.