The entry-level market for homes in San Carlos continues to be fiercely competitive, as we are still seeing multiple offers and aggressive bidding for virtually every home that's listed below $1.5M. Just this past week alone, the 6 homes that sold which were originally listed below $1.5M fetched an average of 115% of their asking price. That's an amazing show of strength considering where we are in the year.
Add to this the fact that there are only 13 homes for sale in the entire city of San Carlos, and that means that the battle for that elusive entry-level home in San Carlos will continue for some time.
Here are some other key stats for the San Carlos real estate market from last week:
- # of Closed Sales: 8
- Average Sold Price: $1,391,385
- Average $/sq foot (sold): $752
- % of Asking Price (sold): 106%
- Average Days on Market (DOM) of Sold Homes: 19
- # of New Listings: 2
- # of Homes to go Pending: 7
- Average Price of Homes for Sale: $1,606,923
What Sold in San Carlos:
The following is the list of single-family homes that sold this past week in San Carlos. Click on the addresses for more information about each property:- 14 Estrada Place: $2,300,000
- 124 Chesham Avenue: $1,642,000
- 209 Devonshire Boulevard: $1,600,000
- 1518 Eaton Avenue: $1,345,000
- 1089 Porto Marino Drive: $1,301,680
- 1137 Woodland Avenue: $1,112,000
- 1100 Orange Avenue: $929,000
- 1224 Howard Avenue: $905,000
If you're interested in more data and statistics on what happened in the San Carlos real estate this past week, check out The San Carlos Real Estate Week in Review, which is posted every week in the White Oaks Blog.
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Chuck Gillooley is a Realtor, long-time San Carlos resident, and author of The White Oaks Blog -- the most comprehensive source for information on San Carlos real estate.
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