The San Carlos Real Estate Week in Review: 10/26/26
October 26, 2026
The Recap:
With all of the talk about rising home mortgage interest rates and the potential for them to approach 8%, it was a bit of a surprise to see rates actually dip slightly last week. Unfortunately, that slight reprieve was courtesy of major downward volatility in AI stocks that have the most impact on the broader market. In other words, we got a little break in rates, but it came at a high cost. Just check your ending balance for your retirement accounts from last week.
Even the San Carlos real estate market showed some signs of volatility. After a relatively sedate week of sales two weeks ago, two homes closed last week that fetched premiums of over $500K above their asking prices.
But the real indicator that I’m watching is the pending sales. There was only one home that was put under contract last week despite buyers having 19 different homes to choose from. This tells me that buyers are becoming increasingly sensitive to rate increases and how those increases are punishing their purchasing power.
Last week, I took a bit of a departure just to remind readers and residents that there are two significant tax measures that will impact San Carlos residents in the upcoming election. No matter your feelings on either of these measures, be sure to vote!
Have a fabulous week! 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, 10/25/2026:| San Carlos SFR Data | 10/25/26 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 7 | 4 |
| Average Sold Price: | $2,760,143 | $2,308,250 |
| Median Sold Price: | $2,500,000 | $2,312,500 |
| Average % Sold vs Orig List Price: | 113% | 96% |
| Average Days Listed of Closed Sales | 6 | 30 |
| Average $/Sq Foot (Sold) | $1,576 | $1,288 |
| Listings Put Under Contract: | 1 | 6 |
| Total Homes Under Contract: | 11 | 15 |
| New Listings: | 4 | 3 |
| Total Active Listings: | 19 | 16 |
| Average Price of Active Listings: | $3,014,925 | $3,015,043 |
| Median Price of Active Listings: | $2,750,000 | $2,772,500 |
| Average Days of Active Listings: | 46 | 48 |
| Average $/Sq Foot (List) | $1,417 | $1,447 |
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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 |
|---|---|---|---|---|---|
| 236 Park Avenue | $4,000,000 | $3,998,000 | +$2,000 (+0.1%) | $1,523 | 7 |
| 886 Heather Drive | $3,770,000 | $3,770,000 | $0 (0%) | $1,778 | 0* |
| 711 Tamarack Avenue | $2,500,000 | $2,500,000 | $0 (0%) | $1,678 | 0* |
| 2 Beverly Drive | $2,500,000 | $2,599,000 | -$99,000 (-2.0%) | $1,227 | 15 |
| 1619 Saint Francis Way | $2,388,000 | $1,550,000 | +$838,000 (+54.1%) | $1,851 | 9 |
| 385 Ridge Road | $2,088,000 | $2,088,000 | $0 (0%) | $1,491 | 7 |
| 149 Beverly Drive | $2,075,000 | $1,498,000 | +$577,000 (+38.5%) | $1,482 | 6 |
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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 |
|---|---|---|
| 1965 Belle Avenue | $1,550,000 | 5 |
*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 |
|---|---|---|---|---|---|
| 772 Knoll Drive | $3,498,888 | 4BR/3BA | 2,160/11,268 | $1,620 | Corcoran |
| 1176 Laurel Street | $2,700,000 | 4BR/3BA | 2,080/4,900 | $1,298 | Marcus & Millichap |
| 215 Winding Way | $2,499,000 | 4BR/2.5BA | 2,470/7,717 | $1,012 | Compass |
| 1550 Gover Lane | $2,395,000 | 3BR/2BA | 1,540/5,667 | $1,555 | Sothebys |
- 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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