San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 4-23-11. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 4-23-11.

by Chuck Gillooley

Summary.

Easter week and spring break descended on San Carlos this past week, but that didn’t seem to have much of a negative effect on the real estate market.  11 homes were successfully put into contract during the week, so those buyers that stayed in town kept themselves busy buying homes.    5 of those 11 homes were only on the market for a week or less!  There were only 5 new listings that hit the market — perhaps some sellers would prefer to wait until after Easter to open their doors to the world, which is understandable.  This discrepancy pared the list back to 51 available homes for sale in San Carlos, which is still low for this time of year.  Not a great number for those San Carlos buyers, but it’s a good indicator that this market is still chugging along

On the bright side, there are a number of “Coming Soon” signs dotting the San Carlos landscape, so you can expect some new homes to replenish the inventory this coming week.

San Carlos Market Report.

Click here to download this week’s edition of the Altos Research Market Report:  San Carlos Market Report 4-23-2011

San Carlos Open House List.

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 4-23-2011:

Inventory 4-23-11 Prior Week
Active Listings 51 59 (-14%)
Average DOM of Active Listings 82 79
Homes in Contract 47 45 (+4.4%)
Ratio Active/Pending 1.1 : 1 1.3 : 1

Single-Family Homes Sold in San Carlos:

706 Cedar Street, San Carlos
706 Cedar Street, 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
706 Cedar Street
$1,390,000 $1,388,000 +$2,000 (+0.1%) 4
55 Hartford Avenue
$1,300,000 $1,278,888 +21,112 (+1.7%) 10
17 Del Rey Court
$1,118,000 $1,058,000 +60,000 (+5.7%) 7
1087 Hewitt Drive
$950,000 $1,019,900 -$69,900 (-6.9%) 24
749 Darmouth Avenue
$940,000 $979,000 -$39,00 (-4.0%) 33
90 Kenton Avenue
$749,000 $740,000 +$9,000 (+1.2%) 38
218 Alberta Avenue
$725,000 $739,000 -$14,000 (-1.9%) 2
132 Palm Avenue
$625,000 $629,900 -$4,900 (-0.8%) 13

— Here are some key statistics on the sales that closed this week:

Closed Sales Stats 4-23-11 Prior Week
# Closed Sales 8 4
# of Sales Below List (% of total) 4 (50%) 1 (25%)
SP/Orig List % 100% 103%
Average DOM of Closed Sales 16 22

(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 of each for additional info:

Address DOM (days) List Price
1167 Walnut Street
14 $845,000
637 Dartmouth Avenue
72 $790,000
79 Club Drive
18 $1,095,000
122 Hillcrest Road
5 $815,000
176 Sunnydale Avenue
7 $1,198,000
21 Valley Road
77 $830,000
1900 Eaton Avenue
7 $1,030,000
124 Garnet Avenue
19 $799,000
1028 Elm Street
7 $789,000
2000 San Carlos Avenue
28 $695,000
100 Wildwood Avenue
7 $869,000

(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:

1671 Belmont Avenue, San Carlos
1671 Belmont 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
1671 Belmont Avenue $919,000 3BR/1.5BA 1,500/4,600 Justine Ford, Today Sothebys
127 Chesham Avenue $719,999 1BR/2BA 959/5,700 Jackie Cockreham, Today Sothebys
1004 Montgomery Street
$648,000 2BR/1BA 1,180/5,000 Jessica Eva, Today Sothebys
1339 Woodland Avenue $599,950 2BR/1BA 1,090/4,920 Dave Blewett, Intero
1026 Holly Street
$588,000 2BR/1BA 910/7,600 Vien Van Nguyen, ARC

(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 for all of the details:

Address Sold Price Orig. List Difference DOM
659 Prospect Street $635,000 $649,000 -$14,000 (-2.2%)
45
793 Elm Street #11
$525,000 $645,000 -$120,000 (-18.6%)
36
3362 Brittan Avenue #13
$514,500 $519,000 -$4,500 (-2.2%)
10

(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)
3321 Brittan Avenue #17 100
7  Chicory Lane
17
3350 Brittan Avenue #7
49

(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:

Address List Price BR/BA Sq Feet Listed By

$–

(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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Comments 2
  • I’ve noticed the “coming soon” signs; is this a new tactic? Not sure if sellers would appreciate that in front of their homes as some buyers may be intrusive and pesty about getting a look before it hits the mls. I think I would pass, but for vacant homes, I think it does a lot to grab attention and create positive momentum for when it does hit the market.

    Also noticed the home that sold in 0 days on Alma a couple months back is almost torn down and being rebuilt. Also positive sign that people are willing to spend nearly $1million in San Carlos on a teardown to rebuild.

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    • Michael,

      “Coming Soon” signs are not a new tactic — some Realtors regularly use them. The obvious reason for using them is to alert the market that a new listing is coming up — but I suspect some agents use these as a way to double-end a sale — represent both the buyer AND the seller and thereby double their commission. My brokerage frowns on these, because the office gets a bunch of calls on the listing and nobody knows anything about it, which makes everyone look bad.

      Personally, I don’t mind them if they’re only up for a week or less before the house is officially listed on the market. It’s incredibly annoying, though, to see a “Coming Soon” sign on a house for 2-3 weeks or more…which has happened on a couple of San Carlos homes recently.

      Thanks for your comment..

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