San Carlos Real Estate Agent, San Carlos Realtor Fun with Numbers… | The White Oaks Blog
San Carlos Real Estate June 30, 2008

Fun with Numbers…

by Chuck Gillooley

numbers.gif

For better or for worse, the first half 2008 is in the books for San Carlos.    I’ll be writing an upcoming post on the trend data for the most recent quarter…But in the meantime, I though it would be fun to take a look at the extremes of what sold during the first half.  The biggest home, shortest sale, least expensive home, etc…  Click on the addresses below for more details and photos.

Here are the Awards:

*****************************************

Most Expensive Homes:

3 Lewis Ranch Rd:  (Below) Sold for $2,675,000

lewis-ranch.jpg

———–

298 Loma Road,  Sold at $988/square foot.

loma.jpg

*******************************************
Least Expensive Homes:

333 Old County Rd,  Sold at $575,000.

old-county.jpg

———————

62 Madera Avenue,   Sold for $384/square foot.

madera.jpg
***************************************************
Greatest Amount Above List Price:

1744 Arroyo Ave, Sold for $212,000, or 20% over the original list price.

arroyo.jpg

***************************************************

Greatest Amount Below List Price:

742 Crestivew Dr, Sold for $2,450,000, which was $750,000 or 23% below original list price.

crestview.jpg

****************************************************

Longest on the Market:

385 Devonshire Blvd,   325 Days on the Market

devonshire.jpg

****************************************************

Shortest on the Market:  (tie)

belvedere.jpg

**********************************************************

Biggest Home Sold:

3 Lewis Ranch Rd:    4,400 square feet.

lewis-ranch.jpg

***********************************************************

Smallest Home Sold:

2716 San Carlos Ave,  780 square feet.

san-carlos-ave.jpg

**********************************************************

That’s it for the first half.  Have any other stats you’d like to see?  Just post a comment below, and I’ll see what I can do!

(disclaimer:  information provided above is taken directly from the Multiple Listing Service, and is provided for entertainment purposes only.  the author makes no guarantees to the reliability nor accuracy this data. )
__________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...
Comments 2
  • I saw a house with a “Pending with release” note on MLS. Why does the broker still have an open house continually when it’s sale pending?

    Thanks.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  • Hey Guy,

    That’s a great question. Without knowing the specifics of the listing you saw, generally agents will continue to hold a home open when it says “Pending with Release” or “Pending Show” because there are probably conditions or contingencies attached to the offer that they accepted on the house. Most often, they are the standard Property Condition or Finance contingencies. But sometimes the buyer has a condition that they have to sell their home first before they can buy another.

    Because of this, agents don’t want to lose visibility or momentum on the listing, so they’ll keep showing the house until the contingencies are removed, or the conditions resolved. Even in San Carlos, there are more deals that are falling out of contract lately than in recent history, so it’s not a bad idea to do this. In the past month I know of three deals that fell through — one listing actually fell through twice!

    Once conditions and contingencies are taken care of, the agent can then post it as “Pending No Show” and they’ll stop showing the home. I hope this answers your question. Thanks for the comment.

    Chuck

    GD Star Rating
    loading...
    GD Star Rating
    loading...
Leave a comment