Records set and Prices rose in San Carlos for the average and median sales price in 2016. Year end market review and statistics for single family homes sold in San Carlos for 2016.

Please find below an overview of the San Carlos single family homes sold for the 4th quarter and the entire year of 2016 versus 2015.

The average sales price in the 4th quarter of 2016 was 3% higher ($1,823,000) than the 4th quarter of 2015 ($1,763,000). The average price per square ft in the 4th quarter of 2016 was $942, 3% higher than $913 in 2015. The median sales price in the 4th quarter of 2016 was more or less the same at $1,650,000.

The 4th quarter sales transactions closed in 2016 (71 homes sold) was 29% higher than 2015 (55 homes sold). The 4th quarter sales volume was up 34% in 2016 ($129 Million) than 2015 ($96 Million).

San Carlos Market Overview | Year-End 2016

Average sales price in 2016 was $1,797,000 higher than $1,665,000 in 2015 with a 8% increase. Average sales price per sq ft in 2016 was $935 per sq ft higher than $864 per sq ft in 2015 with a 8% increase. Average median sales price in 2016 was $1,676,500 higher than $1,600,000 in 2015 with a 5% increase.

More sales transactions closed in 2016 (264 homes sold ) than 2015 (236 homes sold) result in a 12% increase.The overall sales volume up 21% in 2016 with $474 Million compared to $393 Million in 2015.

For those of you who are not familiar with the MLS area, San Carlos consists of 6 MLS areas:
Area 350 – Alder Manor
Area 351 – Beverly Terrace
Area 352 – El Sereno Corte (also known as White Oaks)
Area 353 – Howard Park
Area 354 – Clearfield Park
Area 355 – Cordes
Here’s a map of the San Carlos neighborhood:

In the 4th quarter of 2016, White Oaks (MLS 352) has the most sales transactions at 21 followed by Beverly Terrace (MLS351) with 17 and the third is Howard Park (353) with 12 sales transactions.