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

October 3, 2010

2600-Howard-Avenue

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:

112 Wildwood Avenue, San Carlos

112 Wildwood Avenue, 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

(Click the “Homes Sold” button below see all of the homes that have sold in San Carlos in the past 3 months.)

Homes Sold in San Carlos

Homes Sold in San Carlos

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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

(Click the “Homes Pending Sale” button below to see ALL the homes that are Pending Sale in San Carlos.)

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New Single-Family Home Listings in San Carlos:

2600 Howard Avenue, San Carlos

2600 Howard Avenue, 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

(Click the “Homes For Sale” button below to see ALL of the homes currently for Sale in San Carlos.)

Homes for Sale in San Carlos

Homes for Sale in San Carlos

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Condos and Townhomes Sold in San Carlos:

Below are the condos/townhouses that sold this past week. Click on the address or MLS # for all of the details:

– No condos or townhomes closed escrow this past week.

(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)

Condos Sold in San Carlos

Condos Sold in San Carlos

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Condo/Townhouse Pending Sales in San Carlos

The following condos/townhouses are now pending sale:

Address DOM (days) MLS #
3366 La Mesa Drive #5
7 81047140

(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)

Condos Pending Sale in San Carlos

Condos Pending Sale in San Carlos

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address or MLS # or all the details:

— there were no new townhouse or condo listings this past week.

(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)

Condos for Sale in San Carlos

Condos for Sale in San Carlos

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What's Open This Weekend?

Click the “Open House” button to see ALL of the homes and condos scheduled to be open this weekend in San Carlos.

    Open House in San Carlos

    Open House 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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