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:
|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)|
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
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.
- Pictured above — Sale Price: $1,175,000. Original 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.
- Sale Price: $1,089,000. Original 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.
- Sale Price: $985,000. Original 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.
- Sale Price: $975,000. Original 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.
- Sale Price: $725,000. Original 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
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.)
- 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.
- $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.
- $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.
- $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.
- $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.
- $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
Back on the Market
- $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.
- $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.
(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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