The San Carlos Real Estate Week in Review: 10/2/10

Inventory Analysis.

One difference that is apparent between this year's fall real estate market and the spring market is that buyers seem to be much more deliberate now with their decision to buy.   This is actually a good thing.  Open houses are generally well attended and buyers are still seriously looking, but from what I've seen with my listings, and from other listing agents I spoke with, it's very apparent that buyers are circling a bit more and waiting.  Perhaps for more homes to come on the market, or for rates to drop?

If you're a seller in this market, there's no reason to panic.  This behavior actually reflects a healthy, balanced market.  But it may take a bit more patience and flexibility than perhaps we've all been accustomed to in the past year before your home sells.

Open House?

If you're looking at open houses this weekend in San Carlos here's the only link you'll need: The San Carlos Open House Page. With one click, you get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.

Here's a snapshot of the San Carlos single family home market, as of 10/2. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	40 (40)	21 (21)	1.9 : 1 (1.9 : 1)
$1M –$1.5M	18 (13)	8 (8)	2.3 : 1 (1.6 : 1)
>$1.5M	9 (11)	1 (2)	9 : 1 (5.5 : 1)
Total	67 (64)	30 (31)	2.2 : 1 (2.1 : 1)

Single-Family Homes Sold in San Carlos:

Below is a list of the single-family homes that sold this past week in San Carlos. Click on the each address to see the complete details.

Address	Sold Price	Orig. List	Difference	DOM
112 Wildwood Avenue	$1,500,000	$1,685,000	$185,000 (-11%)	161
1375 Orange Avenue	$1,460,000	$1,550,000	$90,000 (-5.8%)	6
128 Club Drive	$980,000	$999,888	$19,888 (-2.0%)	15
1644 Belmont Avenue	$975,000	$939,000	$36,000 (+3.8%)	7

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Single-Family Homes Pending Sale in San Carlos:

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

Address	DOM (days)	MLS #
760 Crestview Drive	21	81043737
1318 Geneva Avenue	15	81045341
1035 Inverness Drive	9	81046236

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New Single-Family Home 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 the complete details.

Address	List Price	BR/BA	Sq Ft (home/lot)	Listed By
2600 Howard Avenue	$1,448,000	3BR/3BA	2,606/5,650	Abe Matar, Landmark Realty
2232 Howard Avenue	$1,438,800	4BR/3BA	2,380/6,885	Edd McKibben, Today Sotheby's
100 Wellington Drive	$1,380,000	4BR/3BA	2,030/5,000	Mary Shokouhi, Coldwell Banker
1004 Hewitt Drive	$1,299,000	6BR/4BA	3,000/10,863	John Shroyer, Today Sotheby's
84 Wessex Way	$1,195,000	3BR/2BA	2,040/8,750	Sarah Yan, Pacific Coast Realtors
281 Club Drive	$988,000	3BR/2BA	1,700/23,000	Nancy Wierenga, Coldwell Banker
701 Cordilleras Avenue	$929,000	4BR/2BA	1,750/8,000	Sharon Salet, Alain Pinel Realtors
34 Hilltop Drive	$885,000	3BR/2BA	1,880/5,500	John Shroyer, Today Sotheby's
991 McCue Avenue	$615,950	2BR/1BA	1,030/5,300	Michael Bruno, Cal-West Realty

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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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