Market Monday: San Carlos Real Estate Market Update for April 2023

Market Monday: San Carlos Real Estate Market Update for April 2023

Welcome to the latest San Carlos real estate market update!

As your trusted local real estate resource, we are committed to keeping you informed on the current state of the market. Each month, we provide a snapshot of the market's key indicators, including the number of sales, number of listings, average listing price, and average sales price. In this blog post, we will focus on the data for April 2023, so you can make informed decisions about buying, selling, or investing in San Carlos real estate.

Number of Sales:
In April 2023, the San Carlos real estate market saw a total of 19 sales, a 36% increase compared to the previous month. This increase in sales volume indicates a pickup in the Spring selling season. Keeping an eye on the number of sales month over month helps potential buyers and sellers understand the current demand for homes in the San Carlos area.



Number of Listings:
The total number of listings in San Carlos for April 2023 was 46, representing a 10% increase from the previous month. This change in listings supports the trend we observed in the number of sales, with the market picking up as we move through Spring. A higher number of listings typically indicates that it's a buyer's market, while fewer listings suggest a seller's market. Inventory still remains tight in the San Carlos market, down from its peak in Fall of 2022.



Median Listing Price:
The median listing price for homes in San Carlos in April 2023 was $2,474,000, a 6% increase from the previous month.



Median Sales Price:
For April 2023, the median sales price of homes in San Carlos was $2,200,000, a 4% decrease compared to the previous month.

Comparing the median sales price to the median listing price provides insight into the negotiation power of buyers and sellers in the current market. If the median sales price is consistently lower than the median listing price, it indicates that buyers generally have more room for negotiation. Conversely, if the median sales price is higher than the median listing price, sellers likely have more leverage in the negotiation process. For now, the San Carlos market remains more balanced than our typical spring markets. However, for some single family homes we are still seeing some very competitive offer situations with multiple offers.



As we wrap up our San Carlos real estate market update for April 2023, it's essential to remember that the local market is constantly evolving. By keeping an eye on these key indicators each month, you can make informed decisions about buying, selling, or investing in San Carlos real estate. If you have any questions about the current state of the market or need assistance with your real estate needs, please don't hesitate to contact our team of local experts. We're here to help you navigate the San Carlos real estate market with confidence.


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