A family-favorite neighborhood around Lake Murray and Cowles Mountain — single-story homes, good schools, and an outdoorsy, tight-knit feel in the hills of East County.
San Carlos is a steady, largely single-family market with strong, consistent demand.
The trailing-3-month median sits around $990,000, with about 2.3 months of supply, homes selling near 101.0% of original price, and a median of roughly 12 days on market.
Homes here sell fast — often over asking — so come ready. It's a rare pocket of single-story living with trails and a lake at the doorstep.
Demand is strong and homes are closing above original price — a well-prepared San Carlos listing is in the driver's seat.
Supply is running around 2.3 months. As long as listings stay scarce, prices hold firm; a meaningful rise in inventory would be the first sign of easing.
Rates sit higher than they were a couple of years ago — the main headwind on demand. A meaningful drop would likely bring buyers off the sidelines quickly.
Supply near two months and sales just over asking keep sellers firmly in control; the constraint here is inventory, not buyers.
This is a focused market, so a single month's median can spike or dip. Weigh the multi-year trajectory — the bold trend line above — over any one data point.