The San Carlos Real Estate Week in Review: 11/02/26

The Recap:

And just like that, October is behind us, and we are in the final two months of 2026. This will be a huge week for the country, as the mid-term elections are on Tuesday. There is a lot at stake, both at the local and national levels. Here at home, voters will have to decide on two San Carlos tax measures that are aimed at adding funds to city infrastructure projects and the San Carlos School District. If the polls on this site are any indication, both measures will face a lot of opposition on Tuesday.

There’s often a lot of discussion about how election years impact local real estate markets. During Presidential election years, home sales often temporarily slow down, sometimes dropping by up to 15% in November, as buyers and sellers adopt a “wait-and-see” approach, according to the National Association of Realtors. Although we are not in a presidential election year, this year carries the same level of distraction and impact because of all of the issues that will be decided on Tuesday.

For the first ten months of this year, the San Carlos real estate market continues to run slightly ahead of the same period in 2025, with a few peculiarities. While the number of new single-family home listings is actually slightly down from last year (271 versus 260 in 2026), the 220 closed sales so far in 2026 are actually higher by 9% than last year. What that means is that fewer homes are languishing this year than last year, and a higher percentage of homes that were listed actually sold. That’s a sign of improving health for a market that has been trying to recover.

Have a great week, and be sure to vote on Tuesday! 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, 11/1/2026:

San Carlos SFR Data	11/1/26	Previous Week
Number of Closed Sales:	5	7
Average Sold Price:	$2,873,200	$2,760,143
Median Sold Price:	$2,900,000	$2,500,000
Average % Sold vs Orig List Price:	117%	113%
Average Days Listed of Closed Sales	6	6
Average $/Sq Foot (Sold)	$1,567	$1,576
Listings Put Under Contract:	4	1
Total Homes Under Contract:	9	11
New Listings:	2	4
Total Active Listings:	16	19
Average Price of Active Listings:	$2,986,724	$3,014,925
Median Price of Active Listings:	$2,725,000	$2,750,000
Average Days of Active Listings:	51	46
Average $/Sq Foot (List)	$1,391	$1,417

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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
121 Beverly Drive	$3,600,000	$3,099,000	+$501,000 (+16.2%)	$1,241	3
1604 White Oak Way	$3,400,000	$2,798,000	+$602,000 (+21.5%)	$1,619	7
515 Prospect Street	$2,900,000	$2,899,500	+$500 (+0%)	$1,103	11
450 Phelps Road	$2,550,000	$2,088,000	+$462,000 (+22.1%)	$1,308	6
1965 Belle Avenue	$1,916,000	$1,550,000	+$366,000 (+23.6%)	$1,916	5

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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
2209 Carmelita Drive	$3,998,000	18
2087 Belle Avenue	$2,795,000	11
66 Club Drive	$2,998,000	83
1550 Gover Lane	$2,395,000	8

*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
1020 Inverness Drive	$2,389,000	3BR/2.5BA	1,750/5,000	$1,365	Sothebys
136 Exbourne Avenue	$2,000,000	4BR/3BA	1,660/7,150	$1,205	Ocean Element

• 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.