The San Carlos Real Estate Week in Review: 3-12-11.
March 13, 2011
Summary.
It was another good showing for new issues this week, with 8 new listings to choose from. And buyers seem to be responding positively, as new open houses are reporting huge turnouts. 8 homes went into contract, thus keeping the overall inventory almost unchanged from the prior week. And multiple offers are becoming more commonplace as more buyers are competing in this inventory-constrained environment.
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'll 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 quick snapshot of the inventory of San Carlos single family homes as of 3-12-2011:
Inventory | 3-12-11 | Prior Week |
---|---|---|
Active Listings | 54 | 53 (+2%) |
Average DOM of Active Listings | 81 | 81 |
Homes in Contract | 36 | 32 (+13%) |
Ratio Active/Pending | 1.5 : 1 | 1.7 : 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 address of each to see the complete details.
Address | Sold Price | Orig. List | Difference | DOM |
---|---|---|---|---|
1541 Morse Avenue | $1,525,000 | $1,490,000 | +$35,000 (+2%) | 0 |
1933 Eaton Avenue | $1,125,000 | $1,150,000 | -$25,000 (-2%) | 84 |
1516 Saint Francis Way |
$950,000 | $949,000 | +$1,000 (+0.1%) | 9 |
125 Belvedere Avenue |
$925,000 | $979,000 | -$54,000 (-6%) | 78 |
— Here are some key statistics on the sales that closed this week:
Closed Sales Stats | 3-12-11 | Prior Week |
---|---|---|
# Closed Sales | 4 | 8 |
# Sales Below List (% total) | 2 (50%) | 6 (75%) |
SP/Orig List % | 99% | 96% |
Average DOM of Closed Sales | 43 | 49 |
(Click the “Homes Sold” button below see all of the homes that have sold in San Carlos in the past 3 months.)
___________________________________________________________________
Single-Family Homes Pending Sale in San Carlos:
The following homes went “Pending Sale” this week. Click on the address of each for additional info:
Address | DOM (days) | List Price |
---|---|---|
113 Plymouth Avenue |
11 | $1,049,000 |
1340 Alameda de las Pulgas |
135 | $699,000 |
2641 Thornhill Drive | 136 | $829,000 |
887 Heather Drive |
11 | $979,000 |
28 Exeter Avenue | 14 | $849,000 |
1362 Chestnut Street |
9 | $929,000 |
90 Kenton Avenue |
38 | $749,000 |
50 Arundel Road |
139 | $899,000 |
(Click the “Homes Pending Sale” button below to see ALL the homes that are Pending Sale in San Carlos.)
___________________________________________________________________
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 |
---|---|---|---|---|
249 Highland Avenue |
$1,689,000 | 3BR/3BA | 3,100/6,344 | Marie Delucchi, Today Sothebys |
55 Hartford Avenue |
$1,278,888 | 3BR/3BA | 2,480/17,000 | Lorelei Keim, Coldwell Banker |
1029 Elm Street |
$1,238,888 | 3BR/2BA | 1,986/6,000 | Lorelei Keim, Coldwell Banker |
1500 Eaton Avenue | $1,189,000 | 4BR/3BA | 2,310/6,780 | Justine Ford, Today Sothebys |
115 De Anza Avenue | $919,000 | 3BR/2BA | 1,240/5,700 | Val Vandervort, Coldwell Banker |
948 Rosewood Avenue |
$929,000 | 2BR/2BA | 1,970/6,000 | Bob Bredel, Today Sothebys |
15 Del Rey Court |
$864,950 | 3BR/2BA | 1,700/6,000 | Maxine Dumas, Dumas & Company |
416 Winding Way | $650,000 | 3BR/2BA | 1,400/5,400 | Sherry Bakhtiari, Investment Realty Center |
(Click the “Homes For Sale” button below to see ALL of the homes currently for Sale in San Carlos.)
___________________________________________________________________
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that sold this past week. Click on the address for all of the details:
Address | Sold Price | Orig. List | Difference | DOM |
---|---|---|---|---|
— |
$– | $– | $– | – |
(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)
___________________________________________________________________
Condo/Townhouse Pending Sales in San Carlos
The following condos/townhouses are now pending sale:
Address | DOM (days) |
---|---|
8 Honeysuckle Lane |
16 |
(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)
___________________________________________________________________
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:
Address | List Price | BR/BA | Sq Feet | Listed By |
---|---|---|---|---|
1 Sorrel Lane |
$629,000 | 3BR/2.5BA | 1,709 | Greg Celotti, Alain Pinel Realtors |
416 Portofino Drive #202 |
$479,950 | 2BR/2.5BA | 1,310 | Jim Tierney, Netequity |
3325 Brittan Avenue #2 |
$379,050 | 2BR/2BA | 1,040 | Valerie Trenter, Coldwell Banker |
(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)
___________________________________________________________________
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.
___________________________________________________________________
Want Your Data Sooner?
Follow the White Oaks Blog on Twitter where I post San Carlos home sales updates as they happen. Just click on the Twitter button below.
Interested in more information on San Carlos? Become a fan of the White Oaks Blog Page on Facebook . Just click on the Facebook button below.
———————————————-
(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)
———————————————
Posted in:
I find that Zillow, at least in the bay area, has values so flawed that they make no sense. Whatever their algorithmic system is, they aren’t even close.
Perfect example, 1541 Morse closes at $1,525.000 and is valued at $1,068,500. I realize the margin of error, but how could it be so off? Even at 0 days on the market, the zillow value should be closer to $1.4, shouldn’t it?
Michael,
I have to agree with your assessment on Zillow. I normally don’t use the site, but I spent a few minutes on it yesterday. First thing I noticed is that a whole bunch of homes that are supposedly “for sale” aren’t at all. They had either sold a long time ago, or simply weren’t on the market. And Zillow allows users to change specs on the house and to input their own valuations.
On top of all that, home values in San Carlos vary widely from neighborhood to neighborhood, even by street. A house on Morse is going to cost more than if it were on a different street. There’s no way Zillow (or any other automated tool) can make that differentiation.