San Carlos Inventory Analysis
It was another busy week in San Carlos, but it’s the kind of activity that doesn’t necessarily show up on the scoreboard right away: Pending Sales. From the table below, you can see a big surge in the number of homes pending sale below $1,000,000. Contrast that with the lethargic performance of the high-end market over $1,500,000 which hasn’t changed much in months. Here’s a snapshot of the San Carlos market, as of 5/30. The previous week’s stats are in parentheses:
|Homes < $1M||39 (37)||19 (12)||2.1 : 1 (3.1 : 1)|
|Homes $1M –$1.5M||15 (15)||11 (10)||1.4 : 1 (1.5 : 1)|
|Homes >$1.5M||11 (11)||1(2)||11 : 1 (5.5 : 1)|
|Total||65 (63)||31 (24)||2.1 : 1 (2.3 : 1)|
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: $1,350,000. Original List Price: $1,450,000. Difference: $100,000 (6.9%) below original list. DOM: 15 Days under current MLS # 80919249. First listed in Feb ’09 at $1,595,000 (-15.4%) Listed by Erika Demma of Coldwell Banker.
- Sale Price: $728,000. Original List Price: $799,000. Difference: $71,000 (8.9%) below original list. DOM: 51 Days under MLS # 80908512. Listed by Lou Carlos of Cashin Company.
Homes Pending Sale in San Carlos
Here are some noteworthy pending sales from this week.
- 36 Vista del Grande went pending after only 7 days on the market.
- 1925 Greenwood Avenue is in contract after only 14 days on the market.
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.)
- $1,430,000— 2BR/2 BA, 1,930 sq ft on a 15,660 square foot lot. MLS# 80925801, listed by George Drysdale of Drysdale Real Estate Investments.
- $1,379,900— 4BR/2.5 BA, 2,747 sq ft on a 8,000 square foot lot. MLS# 80926167, listed by Valerie Dakin of Alain Pinel Realtors.
- $943,000— 3BR/2.5 BA, 1,560 sq ft on a 7,950 square foot lot. MLS# 80925256, listed by David Macdonald of David J. Macdonald Real Estate.
- $839,000— 3BR/2 BA, 1,420 sq ft on a 6,006 square foot lot. MLS# 80926253, listed by Len Moore of Vilmont Investment Properties.
- $619,000— 2BR/1 BA, 920 sq ft on a 5,550 square foot lot. MLS# 80926255, listed by Peter Vece of Dumas and Company.
(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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