San Carlos Home Values and Market Update
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Updated April 23, 2018

Market Snapshot – San Carlos (Recent Sales here)

San Carlos continues to mirror the overall market trend in the Bay Area, with rising sale prices and extremely limited and declining inventory. It marked the sixth straight year for higher sales prices for both single family homes and condo/townhomes.

The current Bay Area real estate market hinges on an extremely low supply of homes. This low inventory, combined with strong demand among home buyers, is largely responsible for the continued appreciation across most price points and markets. According to Trulia’s Chief Economist Ralph McLaughlin, this isn’t a bubble as we’ve seen in previous up cycles, but the result of basic economic forces of (lack of) supply and (strong) demand. Multiple forces are keeping home inventory low. There aren’t enough new homes being built to meet increasing demand. Additionally, current California property tax code provides a strong financial incentive for long-term homeowners to stay in their existing homes. McLaughlin also notes that the new congressional tax plan with its lower cap on the mortgage interest deduction may act to further limit supply. Under the new law, the cap on the mortgage interest deduction is reduced from $1 million to $750,000. Existing homeowners are grandfathered in at the $1 million level, giving them even more incentive to stay put.

Finally, the Fed raised interest rates in March, which will likely impact mortgage rates. Higher mortgage rates reduce buying power. Between reduced buying power and increasing prices, time is not on the side of buyers right now. Those who are ‘waiting it out’ may be waiting a long time.

Here are the numbers for March 2018. If you are curious about your San Carlos home value, you can receive a free online estimate, or request a custom evaluation which we are happy to give to you, free, without the hard sales pitch.

Mar-18 % Change Year Over Year Rolling 3 Month Average
Median Sales Price ($USD) $2,100,000 6.3%
Overbids (%) 114.90% 8.8%
New Listings (#) 35 11.27%
Homes Sold (#) 28 25.53%
Months of Inventory 0.5 -29.17%
Median Days on Market (DOM) 8 -56.14%
Average Days on Market (DOM) 8 -54.17%

Median Sales Price – San Carlos SFR

Ratio of List Price to Sold Price (Overbids) – San Carlos SFR

Number of New Listings vs Sold Listings, San Carlos SFR

Months of Inventory – San Carlos SFR

Median and Average Days on Market (DOM) – San Carlos SFR

 

San Carlos Single Family Home Closed Sales since 1/1/2018

Street Address Close Date Price/SqFt Sale Price RATIO Close Price By List Price DOM Beds Total Bths Sq Ft Total Lot Size
1022 Alameda 2/13/18 1,225.56 $1,630,000 1.359 4 3 2|0 1,330 6,144 Lot SqFt
1147 Alameda 3/27/18 1,409.57 $1,325,000 1.206 9 3 2|0 940 5,920 Lot SqFt
273 Alberta Avenue 4/6/18 1,219.78 $2,220,000 1.201 11 4 2|0 1,820 4,640 Lot SqFt
1722 Arroyo Avenue 2/23/18 1,303.28 $1,590,000 1.027 0 2 1|0 1,220 6,600 Lot SqFt
130 Barford Avenue 3/30/18 1,023.81 $2,150,000 1.133 7 4 2|1 2,100 6,400 Lot SqFt
229 Bay View Drive 4/12/18 1,113.41 $2,425,000 1.214 9 4 3|0 2,178 10,146 Lot SqFt
2010 Belmont Avenue 3/30/18 1,374.05 $1,800,000 1.297 7 3 1|0 1,310 5,500 Lot SqFt
125 Belvedere Avenue 2/16/18 1,291.58 $3,000,331 1.036 4 4 3|0 2,323 4,600 Lot SqFt
2753 Bromley Drive 3/13/18 1,198.83 $2,050,000 1.139 11 3 2|0 1,710 20,560 Lot SqFt
1985 Carmelita Drive 3/5/18 1,090.82 $4,300,000 1.23 12 6 4|1 3,942 9,757 Lot SqFt
852 Cedar Street 4/13/18 1,216.93 $2,300,000 1.214 10 3 2|1 1,890 5,500 Lot SqFt
1040 Cherry Street 2/9/18 1,334.51 $1,508,000 1.269 15 3 2|0 1,130 5,000 Lot SqFt
1627 Chestnut Street 1/26/18 1,209.30 $2,600,000 1.245 7 3 2|0 2,150 5,650 Lot SqFt
313 Clifton Avenue 4/6/18 690.69 $2,300,000 1.128 6 5 3|1 3,330 7,746 Lot SqFt
75 Club Drive 3/29/18 1,095.89 $1,600,000 1.085 2 3 2|0 1,460 7,100 Lot SqFt
1419 Cordilleras Avenue 1/11/18 1,050.23 $2,300,000 1.096 7 4 3|0 2,190 4,400 Lot SqFt
723 Cordilleras Avenue 4/2/18 1,415.32 $1,755,000 1.032 2 3 2|0 1,240 6,800 Lot SqFt
1282 Crestview Drive 4/12/18 969.16 $2,200,000 1.106 7 4 2|1 2,270 7,688 Lot SqFt
742 Dartmouth Avenue 3/2/18 1,172.93 $1,560,000 1.041 2 3 2|0 1,330 7,250 Lot SqFt
338 De Anza Avenue 1/2/18 1,014.33 $1,663,500 1.147 11 4 2|0 1,640 8,132 Lot SqFt
338 De Anza Ave 1/2/18 1,014.33 $1,663,500 1.147 4 2|0 1,640 8,132 Lot SqFt
2756 Debbie Court 1/3/18 698.5 $1,865,000 0.956 13 3 2|1 2,670 10,200 Lot SqFt
2756 Debbie Court 1/3/18 698.5 $1,865,000 0.956 3 2|1 2,670 10,200 Lot SqFt
212 Devonshire Boulevard 3/29/18 1,211.18 $2,340,000 1.173 4 4 2|2 1,932 8,925 Lot SqFt
2320 Eaton Avenue 3/23/18 1,279.76 $2,150,000 1.345 7 3 2|0 1,680 6,160 Lot SqFt
2430 Eaton Avenue 3/30/18 1,070.42 $1,900,000 1.119 8 3 2|0 1,775 7,154 Lot SqFt
2708 Eaton Avenue 3/22/18 1,292.52 $1,900,000 1.169 7 3 2|0 1,470 5,000 Lot SqFt
1365 Elm Street 3/23/18 1,031.02 $2,825,000 1.009 2 4 3|0 2,740 5,120 Lot SqFt
419 Emerald Avenue 3/9/18 1,072.57 $2,350,000 1 1 4 3|0 2,191 5,500 Lot SqFt
429 Emerald Avenue 1/18/18 1,218.39 $2,120,000 1.128 7 3 2|0 1,740 5,500 Lot SqFt
10 Gateway Court 3/7/18 861.16 $2,450,000 1 3 4 3|1 2,845 5,437 Lot SqFt
30 Gateway Court 2/21/18 838.87 $2,400,000 1 9 4 3|1 2,861 4,947 Lot SqFt
165 Glasgow Lane 2/14/18 1,035.71 $2,900,000 1.018 11 4 3|0 2,800 7,823 Lot SqFt
213 Hillcrest Road 3/30/18 1,083.74 $2,200,000 1.379 8 3 3|0 2,030 7,000 Lot SqFt
935 Holly Street 3/23/18 895.95 $1,550,000 1.193 8 4 2|0 1,730 5,850 Lot SqFt
941 Holly Street 4/11/18 1,375.00 $1,320,000 1.123 9 2 1|0 960 5,850 Lot SqFt
2267 Howard Avenue 1/3/18 1,223.78 $1,750,000 1.252 9 2 1|0 1,430 5,479 Lot SqFt
2304 Howard Avenue 3/2/18 1,535.43 $1,950,000 1.366 8 3 1|1 1,270 5,808 Lot SqFt
231 Kelton Avenue 4/3/18 1,558.44 $2,400,000 1.298 7 3 2|0 1,540 5,750 Lot SqFt
790 Knoll Drive 4/17/18 1,172.57 $2,650,000 1.105 4 3 3|0 2,260 7,912 Lot SqFt
895 Knoll Drive 4/5/18 1,319.44 $2,850,000 1.142 11 3 2|0 2,160 13,984 Lot SqFt
3170 La Mesa Drive 3/26/18 934.78 $2,150,000 0.937 12 3 2|0 2,300 6,500 Lot SqFt
1064 Laurel Street 3/2/18 796.3 $2,150,000 1.348 8 7 2|4 2,700 6,000 Lot SqFt
1052 Lupin Way 2/16/18 1,437.50 $1,610,000 1.238 7 3 1|0 1,120 5,500 Lot SqFt
1040 Mccue Avenue 2/28/18 1,339.81 $1,380,000 1.397 7 2 1|0 1,030 5,450 Lot SqFt
918 Mccue Avenue 3/26/18 1,164.64 $1,535,000 1.138 14 2 2|0 1,318 5,300 Lot SqFt
984 Mccue Avenue 2/23/18 1,194.63 $1,780,000 1.37 12 3 2|0 1,490 5,150 Lot SqFt
734 Neal Avenue 1/10/18 1,321.14 $1,625,000 1.029 21 3 2|0 1,230 5,450 Lot SqFt
270 Oakview Drive 3/15/18 970.87 $3,000,000 0.952 19 4 3|0 3,090 6,950 Lot SqFt
345 Oakview Drive 1/3/18 1,177.57 $3,150,000 1.051 5 4 3|0 2,675 7,150 Lot SqFt
1062 Orange Avenue 2/22/18 781.25 $1,850,000 1.089 49 4 2|1 2,368 9,000 Lot SqFt
990 Riverton Drive 3/27/18 1,307.27 $1,438,000 1.219 4 2 1|0 1,100 5,000 Lot SqFt
131 Rockridge Road 3/9/18 1,593.33 $1,673,000 1.205 7 3 1|1 1,050 5,250 Lot SqFt
1001 Rosewood Avenue 3/20/18 1,052.71 $3,335,000 1.197 2 5 4|0 3,168 6,600 Lot SqFt
1372 Rosewood Avenue 2/28/18 704.23 $1,500,000 1 2 3 2|0 2,130 4,920 Lot SqFt
1381 Rosewood Avenue 4/17/18 1,258.67 $1,888,000 1.049 0 3 2|0 1,500 4,800 Lot SqFt
239 Ruby Avenue 4/2/18 1,282.89 $1,950,000 1.068 8 3 2|0 1,520 4,400 Lot SqFt
1968 San Carlos Avenue 3/30/18 918.03 $1,680,000 1.071 10 3 2|0 1,830 6,050 Lot SqFt
2400 San Carlos Avenue 1/18/18 1,212.23 $1,685,000 1.124 14 3 2|0 1,390 10,208 Lot SqFt
2549 San Carlos Avenue 1/26/18 986.11 $1,775,000 0.987 60 3 2|0 1,800 11,450 Lot SqFt
43 Stanford Lane 1/8/18 1,019.32 $2,110,000 1.175 7 3 2|0 2,070 9,240 Lot SqFt
25 Sunnydale Avenue 2/14/18 1,152.85 $2,225,000 1.113 18 3 2|1 1,930 5,000 Lot SqFt
1008 Sylvan Drive 2/26/18 1,250.00 $1,400,000 1.218 1 3 1|0 1,120 5,000 Lot SqFt
712 Tamarack Avenue 2/8/18 1,101.19 $1,850,000 1.028 43 4 2|0 1,680 7,497 Lot SqFt
1176 Walnut Street 3/30/18 1,286.76 $1,750,000 1.13 13 3 1|1 1,360 4,800 Lot SqFt
213 Wellington Drive 3/12/18 924.66 $2,700,000 1.08 8 4 4|0 2,920 10,900 Lot SqFt
1534 White Oak Way 2/22/18 1,202.02 $2,380,000 1.202 7 3 2|0 1,980 5,750 Lot SqFt
190 Wilshire Court 2/15/18 1,016.48 $1,850,000 1.194 0 2 2|0 1,820 6,500 Lot SqFt
140 Winding Way 2/3/18 1,420.45 $1,250,000 1.193 0 3 1|0 880 4,590 Lot SqFt
20 Winding Way 1/8/18 857.19 $2,425,000 1.055 12 3 2|1 2,829 7,000 Lot SqFt
35 Winding Way 3/9/18 767.47 $3,185,000 0.996 10 4 3|0 4,150 18,200 Lot SqFt