The San Carlos Real Estate Week in Review: 9/19/22
September 19, 2022
The Recap:
For the second straight week, the average sales price of a single-family home in San Carlos fell below its original list price. This should come as no surprise to anyone that is watching the data closely. Nearly 1/3 of the 36 active listings in San Carlos have taken price reductions, so it's easy to predict that this trend will be with us for a little while.
Not all homes are experiencing the same listing pains, however. There were two homes that were put into contract last week without lasting a single week on the open market, so that's a good indication that buyers are still aggressively chasing desirable properties that are priced well. They are just being methodical and deliberate with the rest of the inventory.
Here are the sales numbers from last week:
At A Glance
This is a high-level view of the market performance for single-family residences (SFR) in San Carlos. This data is for the 7-day period ending Sunday 9/18/2022:| San Carlos SFR Data | 9/18/22 | Previous Week |
| Number of Closed Sales: | 4 | 3 |
| Average Sold Price: | $2,571,250 | $2,398,333 |
| Median Sold Price: | $2,387,500 | $2,380,000 |
| Average % Sold vs Orig List Price: | 96% | 92% |
| Average DOM of Closed Sales | 30 | 24 |
| Average $/Sq Foot (Sold) | $1,211 | $1,129 |
| Listings put into Contract: | 5 | 2 |
| Total Homes Pending Sale: | 22 | 21 |
| New Listings: | 5 | 13 |
| Total Active Listings: | 36 | 36 |
| Average Price of Active Listings: | $2,608,359 | $2,648,304 |
| Average DOM of Active Listings: | 34 | 36 |
| Average $/Sq Foot (List) | $1,305 | $1,308 |
San Carlos Single-Family Residences 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 to see the complete details.| Address | Sold Price | Orig. List | Premium Over List | $/sq foot | DOM (days) |
| 116 Mesa Verde Way | $3,510,000 | $3,399,888 | +$110,112 (+3.2%) | $1,350 | 8 |
| 80 Dartmouth Avenue | $2,425,000 | $2,425,000 | $0 (0%) | $1,177 | 43 |
| 889 Bauer Drive | $2,350,000 | $2,895,000 | -$545,000 (-18.8%) | $1,044 | 70 |
| 161 Fairmont Avenue | $2,000,000 | $2,000,000 | $0 (0%) | $1,274 | 0 |
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 | DOM (days) |
| 1030 Crestview Drive | $2,800,000 | 35 |
| 369 Cedar Street | $1,849,000 | 4 |
| 180 Glasgow Lane | $2,789,000 | 6 |
| 2653 San Carlos Avenue | $2,245,000 | 49 |
| 1950 Brittan Avenue | $1,990,000 | 127 |
San Carlos New Single-Family Home Listings
Below are the new listings that hit the market 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 |
| 290 Oakview Drive | $3,089,000 | 4BR/3BA | 2,590/6,950 | $1,193 | Christies |
| 760 Sunset Drive | $2,495,000 | 3BR/2BA | $1,860/12,500 | $1,341 | RE/MAX |
| 132 Winding Way | $1,988,000 | 3BR/1BA | 1,845/5,073 | $1,078 | Veritas |
| 2116 Greenwood Ave | $1,988,000 | 2BR/1BA | 1,070/7,920 | $1,858 | Coldwell Banker |
| 1902 Howard Avenue | $1,899,000 | 3BR/2BA | 1,740/5,800 | $1,091 | Christies |
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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