San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week In Review: 4/18/09. | The White Oaks Blog

The San Carlos Real Estate Week In Review: 4/18/09.

by Chuck Gillooley

New and Improved…

Or, is it “Tastes great, less filling?”  I can’t remember.  But I tinkered with the format of this report a bit.  Now you’ll find a new section on Homes Pending Sale, and new links in the report that list ALL  homes Sold, Active, or Pending in San Carlos.  Basically, if it’s about real estate in San Carlos, it’s in here.  Let me know what you think of the new format.

San Carlos Inventory Analysis

There are more homes to choose from in the sub-$1M price range, and fewer to choose from in the $1.0M – $1.5M range.  Not great news for move-up buyers, but it’s a good sign that this segment is starting to move.    Here’s a snapshot of the San Carlos market, as of 4/18:

Price Range Active Pending Ratio
Homes < $1M 36 (32) 19 (17) 1.9 : 1 (1.9 : 1)
Homes $1M –$1.5M 17 (21) 10 (11) 1.7 : 1 (1.9 : 1)
Homes >$1.5M 11 (10) 2 (2) 5.5 : 1 (5 : 1)
Total 64 (63) 31 (30) 2.1 : 1 (2.1 : 1)

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Homes Pending Sale

This is a new feature to the Week in Review where I’ll note any homes that went into contract that were interesting for any reason (short or long days on market, for example.)

  • 48 Stanford Lane — Pending after 1 day on the market.
  • 91 Kenton Avenue — Pending after 12 days, and with multiple offers.
  • 1401 Crestview Drive – Pending after 161 days (and a total reduction of $274k)

**To see all the homes that are Pending Sale in San Carlos, click here:  San Carlos Homes Pending Sale

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San Carlos Home Sales

Below are homes that sold this past week in San Carlos. Click on the respective addresses to get all the details.

2734 Victoria Manor
2734 Victoria Manor, San Carlos

2734 Victoria Manor

  • Pictured above — Sale Price: $1,175,000Original List Price: $1,399,000.   Difference: $224,000 (16.0%) below original list.    DOM: 45 Days under MLS # 80905338.  Listed by Vincent Armando of Armando Investments.

117 Crestview Drive

  • Sale Price: $1,089,000Original List Price: $1,099,000.   Difference: $10,000 (0.9%) below original list.    DOM: 14 Days under MLS # 80911795.  (69 days total from when it first listed for $1,298,000 —  a difference of 16%)   Listed by Debbie Wilhelm of Coldwell Banker.

268 Park Avenue

  • Sale Price: $985,000Original List Price: $998,000.   Difference: $13,000 (1.3%) below original list.    DOM: 2 Days under MLS # 80912904.   Listed by David Young of Coldwell Banker.

10 Del Rey Court

  • Sale Price: $975,000Original List Price: $1,150,000.   Difference: $175,000 (15.2%) below original list.    DOM: 125 Days under MLS # 80844226.   Listed by David Young of Coldwell Banker.

3291 Brittan Avenue

  • Sale Price: $725,000Original List Price: $879,000.   Difference: $154,000 (17.5%) below original list.    DOM: 70 Days under MLS # 80902378.   Listed by Ken Wei of Greenfield Realty.

***To see all of the homes that have sold in San Carlos in the past 3 months,  click here:  San Carlos Home Sales

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New Listings in San Carlos

Below are the new listings that hit the market this past week in San Carlos. Click on the respective addresses to get all the details.  (Note:  If  a generic map comes up instead of a property profile, it likely means that particular home  is already Pending Sale.  Click the link in the “Homes Pending Sale” section to check.)

84 Club Drive
84 Club Drive, San Carlos

84 Club Drive

  • Pictured Above: $939,000 — 4BR/2.5BA, 2,450 sq ft on a 8,100 square foot lot.    MLS# 80918931, listed by Carol Prail of RE/MAX Today.

1201 Dayton Avenue

  • $885,000 — 3BR/1.5BA, 1,270 sq ft on a 4,920 square foot lot.    MLS# 80918824, listed by Mike and Sandy Rostad of Coldwell Banker.

241 Oakview Drive

  • $849,000 — 4BR/3BA, 2,270 sq ft on a 5,750 square foot lot.    MLS# 80918605, co-listed by Justine Ford and John Shroyer of RE/MAX Today.

2806 San Carlos Avenue

  • $768,000 — 3BR/1BA, 1,210 sq ft on a 6,500 square foot lot.    MLS# 80918959, listed by Mauricio Martinez of RE/MAX Star Properties.

48 Stanford Lane

  • $739,000 — 3BR/1.5BA, 1,290 sq ft on a 4,400 square foot lot.    MLS# 80918085, listed by David Young of Coldwell Banker.  Update: This home is already pending sale after 1 day on the market.

39 Willow Glen Way

  • $668,655 — 3BR/3BA, 1,640 sq ft on a 5,000 square foot lot.   This is an REO property —  MLS# 80919069, listed by Michael Ames of Patriot Properties

***To see ALL of the homes currently for sale in San Carlos,  click here: San Carlos Single Family Residences for Sale

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Back on the Market

39 Coronado Avenue
39 Coronado Avenue, San Carlos

39 Coronado Avenue

  • $975,000 — 4BR/3BA, 2,490 sq ft on a 20,375 square foot lot.  Originally listed at $1,349,000 back in August ’08 — is now back on the market as an REO.   MLS# 80918799, listed by Arturo Rodriguez, Broker.

932 Elm Street

  • $949,000 — 3BR/2.5BA, 1,450 sq ft on a 6,000 square foot lot.  Originally listed at $1,070,000 back in February ’08.  MLS# 80918799, listed by Arturo Rodriguez, Broker.

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(The “San Carlos Week in Review” 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.)

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Comments 2
  • Chuck, I think you missed the home at 2852 Carmelita that sold within a couple days of listing….great sincgle story home on a huge lot.

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    • Hi Michael,

      Actually, I picked it up in last week’s update (4/11). You’re correct — it did sell very quickly. It never had an open house!

      I’ll post the sold price as soon as it closes escrow. Thanks for your comment…

      CG

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