The San Carlos Real Estate Week in Review: 10/10/09

Wow…the San Carlos real estate market really thumbed its respective nose at the economy this past week.    Consider the following:

• At least 10 homes went pending this week alone, thus pulling the available inventory way down below 60 again.
• In the sub-$1M segment, there are now more homes pending sale than there are active listings.
• Of the eight homes that closed escrow, three were at or above the list price.

Talk about some muscle… This kind of buying behavior is more reminiscent of the spring market, not so much the fall market.   It will be interesting to see if it continues into next week.

Here’s a snapshot of the San Carlos market, as of 10/10. The previous week’s stats are in parentheses:

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What Sold in San Carlos

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

407 Devonshire Blvd, San Carlos

407 Devonshire Boulevard

• Sale Price: $1,900,000. Original List Price: $1,950,000. Difference: $50,000 (2.6%) below original list.  DOM: 21 Days under current MLS # 80934264. Listed by Tom Stone of Coldwell Banker.

205 Aberdeen Drive

• Sale Price: $1,395,000. Original List Price: $1,395,000. No difference from list. DOM: 10 Days under current MLS # 80940060. Listed by Lynn Roberts of Alain Pinel Realtors.

1521 Cedar Street

• Sale Price: $1,300,000. Original List Price: $1,599,000. Difference: $299,000 (18.7%) below original list.  DOM: 178 Days under current MLS # 80907937. Listed by Armando Vincent of Armando Investments.

465 Dartmouth Avenue

• Sale Price: $920,000. Original List Price: $935,000. Difference:$15,000 (1.6%) below original list.DOM: 80 Days under current MLS # 80932141. Listed by KT Eckardt of Cashin Company.   My clients were the ones who purchased this home — congrats David and Amanda!

1175 Walnut Street

• Sale Price: $871,000. Original List Price: $849,000. Difference:$22,000 (2.6%) above original list. DOM: 7 Days under current MLS # 80941542. Listed by Tatum Clarke of Intero Real Estate Services.

191 Fairmont Avenue

• Sale Price: $835,000. Original List Price: $775,000. Difference:$60,000 (7.7%) above original list. DOM: 7 Days under current MLS # 80943597. Listed by Kathryn Bedbury of Coldwell Banker.

378 De Anza Avenue

• Sale Price: $805,000. Original List Price: $889,500. Difference: $84,500 (9.5%) below original list.  DOM: 159 Days under current MLS # 80919242. Listed by Beverly Baumann of Red Carpet Heritage Realty.

1333 Elm Street

• Sale Price: $710,000. Original List Price: $718,900. Difference: $8,900 (1.2%) below. DOM: 92 Days under current MLS #80946784. Listed by Leyla Alhosseini of Patriot Properties.

(Click this button to see all of the homes that have sold in San Carlos in the past 3 months.)

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Homes Pending Sale in San Carlos

The following homes went “Pending Sale” this week — click on the address for more info:

• 1550 Cedar Street, after 29 days on the market.
• 2662 Thornhill Dr, after 51 days.
• 88 Hilltop Dr, 17 days.
• 547 Exeter Way, 56 days.
• 2806 Roland Ave, 113 days.
• 1667 Alameda de las Pulgas, 81 days.
• 419 De Anza Ave, 62 days.
• 2060 Cedar St, 0 days after coming back on the market.
• 1653 Gover Ln, 12 days
• 1116 Orange Ave, 13 days.
• 327 Chestnut St, 18 days

(Click this button to see all the homes that are Pending Sale in San Carlos.)

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New Listings in San Carlos

Below are the new listings that hit the market this past week in San Carlos. Simply click on the address of each home to get all the details.

10 Granite Ct, San Carlos

10 Granite Court

• Pictured Above: $1,385,000– 3BR/2BA, 2,050 sq ft on a 7,080 square foot lot. MLS# 80948133, listed by Kay Swen of Alain Pinel Realtors.

2841 Brittan Avenue

• $1,225,000– 4BR/4+BA, 3,254 sq ft on a 9,600 square foot lot. MLS# 80947494, listed by Donna Chambers of Alain Pinel Realtors.

1944 Eaton Avenue

• $1,099,000– 3BR/2BA, 1,480 sq ft on a 13,900 square foot lot. MLS# 80948233, listed by Dan Robinson of RE/MAX Today.

2720 Eaton Avenue

• $989,000– 3BR/2BA, 1,480 sq ft on a 13,900 square foot lot. MLS# 80947492, listed by Justine Ford of RE/MAX Today.

1618 Saint Francis Way

• $979,000– 4BR/2BA, 1,480 sq ft on a 13,900 square foot lot. MLS# 80948397, listed by Susan Michal of Cashin Company.

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(Click this button to see ALL of the homes currently for sale in San Carlos.)

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(Click this button to see ALL of the open houses scheduled for this weekend in San Carlos.)

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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.)

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1. The San Carlos Real Estate Week in Review: 8/1/09
2. The San Carlos Real Estate Week In Review: 6/6/09.
3. The San Carlos Real Estate Week in Review: 10/24/09
4. The San Carlos Real Estate Week In Review: 7/4/09.
5. The San Carlos Real Estate Week in Review: 8/22/09