San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 11/14/09 | The White Oaks Blog

The San Carlos Real Estate Week in Review: 11/14/09

by Chuck Gillooley

Tracking the inventory of single family homes in San Carlos is almost like reading the weather forecast.  We hit a low of 40 earlier in the week, and at the time of this post, we’re sitting at 41.   Unless there’s a surge of new listings on Monday, there’s a good possibility that we’ll dip into the 30’s as a few more homes will likely go into contract.  Just look at the disparity below between “Homes Pending Sale in San Carlos” and “New Listings in San Carlos” for just this week alone.

What does that mean?  We’ll soon have more homes pending sale that there will be active listings in ALL of San Carlos.   That feat has been accomplished numerous times in the sub-$1M price range, but not for the market as a whole.   Great for sellers, but tough sledding for buyers.

Here’s a snapshot of the San Carlos market, as of 11/14. The previous week’s stats are in parentheses:

Price Range Active Pending Ratio
< $1M 19 (24) 27 (24) 0.7 : 1 (1.1 : 1)
$1M –$1.5M 12 (14) 12 (12) 1 : 1 (1.2 : 1)
>$1.5M 10 (11) 0 (0) N/A (N/A )
Total 41 (49) 39 (36) 1.1 : 1 (1.4 : 1)

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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.

1618 Saint Francis Way, San Carlos
1618 Saint Francis Way, San Carlos

1618 Saint Francis Way

  • Pictured AboveSale Price: $1,063,000. Original List Price: $979,000. Difference: $84,000 (7.9%) above original list. DOM: 12 Days under current MLS # 80948397. Listed by Susan Michal of Cashin Company.

419 De Anza Avenue

  • Sale Price: $765,000. Original List Price: $795,500. Difference: $30,500 (3.8%) below original list. DOM: 62 Days under current MLS #80937706. Listed by Gary Young of RE/MAX Star Properties.

327 Chestnut Street

  • Sale Price: $725,000. Original List Price: $705,000. Difference: $20,000 (2.8%) above original list. DOM: 18 Days under current MLS # 80945148. Listed by Philip Watson of Prudential California Realty

1055 Sylvan Drive

  • Sale Price: $486,800. Original List Price: $524,900. Difference: $38,100 (7.3%) below original list. DOM: 52 Days under current MLS #80937874. Listed by John Sieling of RE/MAX Today.

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Click the SOLD button below see all of the homes that have sold in San Carlos in the past 3 months.

sold_sign

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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:

pending

(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.

105 Wilshire Court, San Carlos
105 Wilshire Court, San Carlos

105 Wilshire Court

  • Pictured Above:  $650,000 — 3BR/2BA, 1,390 sq ft on a 5,000 square foot lot. MLS# 80953394. Listed by Michael Reid of Reid Realty.

1330 Hull Drive

  • $834,000— 3BR/3BA, 1,660 sq ft on a 6,050 square foot lot MLS# 80953708, listed by Leonard Bialer of Bialer and Associates.

    home-for-sale

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

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Open Houses in San Carlos

    open house

    (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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