The San Carlos Real Estate Week in Review: 10/17/09

Once again this week, buying outpaced new listings in San Carlos.   The net result is that the inventory of available homes for sale has dropped to 52.  That’s a pretty low inventory by San Carlos standards.  But what’s even more telling about this number is the following:    Of these 52 listings, 85% have been on the market for 3 weeks or more.  That means that not only is the inventory low, but it’s also getting stale….and buyers have far fewer new listings to choose from than it appears on the surface.

Here’s a snapshot of the San Carlos market, as of 10/17. 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.

108 Glasgow Lane, San Carlos

108 Glasgow Lane

• Pictured Above — Sale Price: $1,059,000. Original List Price: $1,088,000. Difference: $29,000 (2.7%) below original list. DOM: 7 Days under current MLS # 80941191. Listed by Ines Malardino of Cashin Company.

1365 Geneva Avenue

• Sale Price: $903,000. Original List Price: $939,000. Difference: $36,000 (3.8%) below original list. DOM: 18 Days under current MLS # 80941697. Listed by Christine Rosenfeld of Cashin Company.

288 Arundel Road

• Sale Price: $775,000. Original List Price: $775,000. No difference from list. DOM: 7 Days under current MLS # 80943623. Listed by Joan Herlihy of Cashin Company.

73 Cedar Street

• Sale Price: $742,000. Original List Price: $770,000. Difference: $28,000 (3.6%) below original list. DOM: 0 Days under current MLS # 80949326. Listed by Maxine Dumas of Dumas & Company..

355 Phelps Road

• Sale Price: $745,000. Original List Price: $765,000. Difference: $20,000 (2.6%) below original list. DOM: 2 Days under current MLS # 80944286. Listed by David Young of Coldwell Banker.

(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:

• 2725 Clifford Ave, after 107 days on the market.
• 39 Willow Glen Way, after 22 days.
• 1951 Arroyo Ave, 27 days.
• 2064 Eucalyptus Ave, 5 days
• 2841 Brittan Ave, 12 days.
• 2720 Eaton Ave, 12 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.

2071 Eucalyptus Avenue, San Carlos

2071 Eucalyptus Avenue

• Pictured Above: $1,499,950– 4BR/3.5BA, 2,570 sq ft on a 5,000 square foot lot. MLS# 80948683, listed by Justine Ford of RE/MAX Today.

2064 Eucalyptus Avenue

• $839,000– 3BR/2BA, 1,370 sq ft on a 5,000 square foot lot. MLS# 80948673, listed by Richard Freedman of Intero Real Estate Services.  Already pending sale!!

141 Valley Road

• $829,000– 3BR/1BA, 1,330 sq ft on a 5,900 square foot lot. MLS# 80949423, listed by Loren Dakin of Alain Pinel Realtors.

2472 San Carlos Avenue

• $719,000– 3BR/2BA, 1,640 sq ft on a 9,600 square foot lot. MLS# 80948686, listed by Erich Sonnberger of Intero Real Estate Services.

(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: 7/11/09.
4. The San Carlos Real Estate Week in Review: 10/3/09
5. The San Carlos Real Estate Week in Review: 7/25/09