SAN CARLOS CA REAL ESTATE MARKET TRENDS
As with many Silicon Valley cities, San Carlos CA has a thriving real estate market. It’s no secret that this city is a popular location for homebuyers looking for great schools. The housing market here can get competitive.
Whether you’re looking to buy or sell a home, it is important to know the current conditions in, as well as what may change over the next year. If you’re looking for credible advice and information as a buyer or seller, then give Mark or Viv a call, they are market experts!
Here is a short guide to help you understand the numbers below. These represent three main areas of interest whether buying or selling a home:
REAL ESTATE MARKET OVERVIEW
*Guide to interpret data below the charts
Overview - Last 30 days
Sold Listings - Last 30 DaysView all sold listings
New Listings - Last 30 DaysView all active listings
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than San Carlos Life are marked with the IDX icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from MLSListings MLS as of the date shown below. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties appearing for sale on this website may subsequently have sold and may no longer be available.
GUIDE TO INTERPRET DATA
Average Home Prices & Home Values
Median Price. The midpoint or average price of all properties sold.
Sale to List Price. The mean sale price is divided by the mean list price. A number over 100 means on average, homes sold during that month were bought at a price higher than the listing price. A number below 100 means the opposite.
Days On Site
This number shows how many days on average it takes for a property to get sold as soon as it goes for sale in the market. A relatively high number indicates that real estate sales are slower, while a low number indicates that sales are fast.
Median Days on Site. The midpoint number of days a property became active on the MLS.
Homes Sold and Homes for Sale
This section shows you the type of homes sold in San Carlos over the last six months. It also shows you what kind of homes are currently for sale.
Thinking of Buying or Selling a Home?
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THE LATEST REAL ESTATE NEWS
What Happened With Real Estate Commissions?
So, recently, we’ve been hit with a surprisingly large number of questions about the new real estate commissions rules. It’s kind of like the plot to a bad spy movie with confidential information being exchanged between secret agents, but hopefully with fewer explosions and chase scenes. I didn’t write about the new commission rules earlier because I thought only folks in the real estate industry—or someone prepping to buy or sell a home—would care. But it seems this topic has been all over the headlines, so let’s jump into the wild world of real estate commissions-
San Carlos Real Estate Market Trends July 2024
The San Mateo County real estate market (including the San Carlos real estate market) in July 2024 has slowed down. Traditionally, this slowdown occurs when comparing June to July sales… Right now, there is too much uncertainty to offer sound advice. One thing COVID taught me is that when the unknown comes along, predictability goes out the window. When the economy froze at the start of COVID, I believed home prices would come down; I could not have been more wrong. At the moment, we are entering an election cycle, and the crystal ball is broken. We have two parties promoting very different policies, which may significantly impact the economy, employment, and inflation.
ADUs: Condo Living in Your Detached San Carlos Single-Family Home
A new twist in ADUs is AB 1033: this law allows property owners to sell the ADU without needing to subdivide the lot. The structures on the property can essentially be converted into condominiums on a mutually owned lot, potentially offering different rights for each owner. While AB 1033 simplifies the ability to sell an ADU, it also introduces a new set of challenges…