The San Carlos Real Estate Week In Review – 3/21/09…

(The “San Carlos Week in Review” is a series is a summary of new listings and home sales in San Carlos for the prior week, and an occasional podcast mixed in to keep things lively.   Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

This week we saw a bit of a surge in listings for homes in the sub $1M segment, with is the most active segment in San Carlos.

First, here are the totals as of now:

• Active:  74 Homes (last week: 67)
• Pending Sale: 24 Homes (last week: 24)
• Ratio ~ 3.1:1 (last week:  2.8:1)

And here are those same numbers broken out by price category:

• Homes < $1M  –  Active:Pending =  35:12, or ~2.9:1  (last week: 30:14, or ~2.1:1)
• Homes  $1M – $1.5M –  Active:Pending = 28:9, or~ 3.1:1 (last week: 26:7, 0r~ 3.7:1)
• Homes  >$1.5M –  Active:Pending = 11:3, or ~ 3.7:1 (last week: 11:3, or ~ 3.7:1)

With the rate of homes coming on the market outpacing the rate at which they are being sold, the ratios bumped up a little bit, as you might expect.

Here’s the scoop on what happened this week.  Click on the respective address to get all the details.

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San Carlos Home Sales

90 Cedar Street

• Pictured Above — Sale Price: $865,000.  Original List Price: $839,000.   Difference: $26,000 (3.1%) above original list.   DOM: 13 Days total under MLS # 80907917.   Listed by Wendi Selig of Coldwell Banker.

524 Prospect Street

• Sale Price: $799,000.  Original List Price: $799,000.   Difference:no difference from original list. DOM: 10 Days total under MLS # 80905329.   Listed by Carrie and Grant DuBois of Coldwell Banker.

347 Fairfield Drive

• Sale Price: $505,000.  Original List Price: $529,000.   Difference: $24,000 (4.5%) below original list.   DOM: 22 Days total under MLS # 80902420.   Listed by Mary Yeargain of RE/MAX Today.

977 Holly Street

• Sale Price: $489,000.  Original List Price: $515,000.   Difference: $26,000 (5.0%) below original list.   DOM: 37 Days total under MLS # 80902520.   Listed by Bob Bredel of RE/MAX Today.

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New Listings in San Carlos

1048 San Remo Way

• (Pictured Above) $1,385,000 — 4BR/4+BA, 2,290 sq ft on a 11,400 square foot lot.    MLS# 80913213, listed by Dan Gilmartin of the Gilmartin Group.

2107 Cedar Street

• $1,099,000 — 3BR/2.5BA, 2,170 sq ft on a 5,600 square foot lot.    MLS# 80913252, listed by Rhonda O’Leary of Cashin Company.

2917 Sherwood Drive

• $1,049,000 — 3BR/2.5BA, 1,920 sq ft on a 6,360 square foot lot.    MLS# 80914285, listed by Mary Duvall of Coldwell Banker.

637 Dartmouth Avenue

• $949,000 — 2BR/2BA, 1,677 sq ft on a 5,616 square foot lot.    MLS# 80913203, listed by Justine Ford of RE/MAX Today.

92 Hillcrest Road

• $898,950 — 3BR/2BA, 2,040 sq ft on a 8,460 square foot lot.    MLS# 80913172, listed by Genella Williamson of Alain Pinel Realtors.

105 De Anza Avenue

• $879,000 — 3BR/2BA, 1,370 sq ft on a 5,700 square foot lot.    MLS# 80914249, listed by Frank Mack of Prudential California Realty.

1317 Walnut Street

• $799,000 — 3BR/1BA, 1,210 sq ft on a 4,920 square foot lot.    MLS# 80913180, listed by Judith Litteer of Prudential California Realty.

341 Laurel Street

• $779,000 — 3BR/2.5BA, 1,240 sq ft on a 7,500 square foot lot.    According to the MLS comments, this one is a short sale.  MLS# 80913571, listed by Dean Asborno of Alain Pinel Realtors.

1348 Walnut Street

• $769,000 — 3BR/1BA, 1,330 sq ft on a 4,920 square foot lot.    MLS# 80913250, listed by David Young of Coldwell Banker.

1671 Walnut Street

• $679,000 — 2BR/1BA, 1,210 sq ft on a 5,500 square foot lot.    MLS# 80913852, listed by Steven Guernsey, Broker.

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Back on the Market

227 Rockridge Road

• Pictured Above:  $1,499,800 — 4BR/3BA, 2,630 sq ft on a 14,000 square foot lot.    MLS# 80914231, listed by Bernadette Casey of Coldwell Banker.   First hit the market back in April ’08 at $1,795,000.

177 Barford Avenue

• $849,000 — 4BR/2BA, 2,470 sq ft on a 7,344 square foot lot.    MLS# 80913872, listed by Kendra Wall of Vanguard Properties.   First hit the market back in April ’08 at $1,198,000. Now it’s back on the market as an REO.

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