This week, the total number of homes sold so far this month surpassed the total for all of December 2008. Why is this significant? Because it’s the fourth month in a row where sales have increased over the year-ago period. This is a strong indicator that the San Carlos market is working its way out of the recessionary slump that held the market down for the first two-thirds of 2009. Since January of ’09 was a weak month, I wouldn’t be at all surprised to see this trend continue into the new year.
Here’s a snapshot of the San Carlos market, as of 12/26. The previous week’s stats are in parentheses:
|< $1M||11 (11)||14 (16)||0.8 : 1 (0.7 : 1)|
|$1M –$1.5M||9 (9)||4 (5)||2.3 : 1 (1.8 : 1)|
|>$1.5M||5 (5)||0 (1)||N/A (5 : 1)
|Total||25 (25)||18 (22)||1.4 : 1 (1.1 : 1)|
Homes 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.
- Pictured Above —Sale Price: $1,850,000. Original List Price: $1,980,000. Difference: $130,000 (6.6%) below original list. DOM: 162 Days. MLS #80928884. Listed by Shirley Kraus of Intero Real Estate Services.
- Sale Price: $1,150,000. Original List Price: $1,250,000. Difference: $1o0,000 (8.0%) below original list. DOM: 24 Days. MLS #80947251. Listed by John Shroyer of RE/MAX Today.
- Sale Price: $976,000. Original List Price: $909,000. Difference: $67,000 (7.4%) above original list. DOM: 8 Days. MLS #80955117. Listed by Shirley Kraus of Intero Real Estate Services.
- Sale Price: $935,000. Original List Price: $899,000. Difference: $36,000 (4.0%) above original list. DOM: 13 Days with multiple offers. MLS #80952581. Listed by Sherry Cottonaro of Cashin Company.
- Sale Price: $780,000. Original List Price: $889,000. Difference: $109,000 (12.3%) below original list. DOM: 140 Days. MLS #80932211. Listed by Justine Ford of RE/MAX Today.
Click the SOLD button below 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:
- 925 McCue Avenue, after 12 days on the market.
(Click this button to see ALL the homes that are Pending Sale in San Carlos.)
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.
- $738,000 — 2BR/1BA, 1,160 sq ft on a 4,800 square foot lot. MLS# 80957836. Listed by Leonard Bialer of Bialer & Associates.
(Click this button to see ALL of the homes currently for sale in San Carlos.)
Open Houses in San Carlos:
(Click this button to see ALL of the open houses scheduled for this weekend in San Carlos.)
(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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