The San Carlos Real Estate Week in Review: 3/23/26
March 23, 2026
The Recap:
There's not a lot of documented data about how a regional military conflict impacts the residential real estate market, probably because it doesn't happen that often…thankfully.
There is, however, much more evidence on how swings in the stock market, both positive and negative, influence the market, because that has happened with much more frequency over the past decade. IT was almost exactly one year ago when the wide-ranging tariffs that were enacted caused a precipitous drop in the stock market, and that, in turn, took all of the wind out of what would normally have been a very busy spring selling season for homes. The impact was obvious.
The market has been volatile for the past few weeks as all eyes are focused on the outcome of the latest conflict, and more importantly, how energy prices will look if/when this is all resolved. If they continue to climb, as they have over the past month, that will lead to higher inflation. Higher inflation leads to higher mortgage rates (since the mortgage interest rates shadow the bond market). Higher mortgage rates cause buyers to pause. Now, add to that a spooked stock market…
You get the idea. Here's to hoping things get resolved peacefully, and very soon.
Here are the numbers from last week's 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 3/22/2026:| San Carlos SFR Data | 3/22/26 | Previous Week |
|---|---|---|
| Number of Closed Sales: | 5 | 9 |
| Average Sold Price: | $3,083,000 | $3,486,793 |
| Median Sold Price: | $2,750,000 | $3,275,000 |
| Average % Sold vs Orig List Price: | 102% | 108% |
| Average Days Listed of Closed Sales | 19 | 27 |
| Average $/Sq Foot (Sold) | $1,297 | $1,465 |
| Listings Put Under Contract: | 4 | 6 |
| Total Homes Under Contract: | 18 | 19 |
| New Listings: | 7 | 5 |
| Total Active Listings: | 20 | 16 |
| Average Price of Active Listings: | $2,945,740 | $3,198,613 |
| Median Price of Active Listings: | $2,746,500 | $2,848,400 |
| Average Days of Active Listings: | 15 | 15 |
| Average $/Sq Foot (List) | $1,340 | $1,396 |
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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 |
|---|---|---|---|---|---|
| 10 Alderlee Way | $4,920,000 | $4,798,000 | +$122,000 (+2.5%) | $1,212 | 8 |
| 145 Devonshire Boulevard | $3,475,000 | $2,988,000 | +$487,000 (+16.3%) | $1,448 | 7 |
| 3395 Melendy Drive | $2,750,000 | $2,750,000 | $0 (+16.3%) | $1,627 | 0* |
| 11 Krista Lane | $2,550,000 | $2,695,000 | -$145,0000 (-5.4%) | $1,144 | 33 |
| 75 Coronado Avenue | $1,720,000 | $1,798,000 | -$78,0000 (-4.3%) | $1,055 | 34 |
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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 |
|---|---|---|
| 40 Robin Way | $1,990,000 | 11 |
| 836 Bauer Court | $2,998,000 | 12 |
| 26 Beverly Drive | $2,798,000 | 13 |
| 1928 Howard Avenue | $1,695,000 | 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 |
|---|---|---|---|---|---|
| 179 Bay View Drive | $2,999,000 | 3BR/2.5BA | 3,374/8,981 | $889 | Coldwell Banker |
| 22 Dickens Court | $2,880,000 | 4BR/2.5BA | 1,820/13,062 | $1,582 | Coldwell Banker |
| 419 Hill Way | $2,798,000 | 4BR/3BA | 2,566/4,954 | $1,090 | Christies |
| 41 Maple Way | $2,388,000 | 3BR/2BA | 2,003/5,009 | $1,192 | Compass |
| 1180 Rosewood Avenue | $2,050,000 | 2BR/1BA | 1,230/5,419 | $1,667 | Fidelity Brokers |
| 76 Fay Avenue | $1,695,000 | 3BR/2.5BA | 1,670/5,393 | $1,015 | Sothebys |
| 72 Fay Avenue | $1,198,000 | 3BR/3BA | 2,300/4,973 | $521 | 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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