The San Carlos Real Estate Week in Review: 5-7-11.

May 8, 2011

124-Colton-Avenue

Summary.

Quite a few homes changed hands again this week in San Carlos.   Ten homes went into contract, and ten new listings popped onto the market since last Sunday.   Interest rates remained stable, with rates hovering right at the 5% mark for 30-year fixed, high-balance conforming loans (up to $729,750).  This loan fuels the majority of the purchases in the market today, so it's good news for the market when rates remain stable and affordable like this.

San Carlos Market Report.

Click here to download this week's edition of the Altos Research Market Report:  San Carlos Market Report 5-7-2011

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 5-7-2011:

Inventory 5-7-11 Prior Week
Active Listings 62 64 (-3%)
Average DOM of Active Listings 62 69
Homes in Contract 52 51 (+ 2%)
Ratio Active/Pending 1.2 : 1 1.3 : 1

Single-Family Homes Sold in San Carlos:

 

124 Colton Avenue, San Carlos

124 Colton Avenue, 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
124 Colton Avenue $1,226,000 $1,214,000 +$12,000 (+1.0%) 7
135 Dolton Avenue $1,100,000 $1,150,000 -$50,000 (-4.3%) 192
725 Dartmouth Avenue $1,050,000 $949,000 +$101,000 (+10.6%) 3
125 Oakview Drive $893,500 $929,000 -$35,500 (-3.8%) 40
1633 Brittan Avenue $860,000 $899,000 -$39,000 (-4.3%) 175
1362 Geneva Avenue $859,000 $879,000 -$20,000 (-2.2%) 24
271 Vine Street $859,000 $899,000 -$40,000 (-4.4%) 12
26 Walton Street $760,000 $729,000 +$31,000 (+4.3%) 5

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

Closed Sales Stats 5-7-11 Prior Week
# Closed Sales 8 4
# of Sales Below List (% of total) 5 (63%) 2 (50%)
SP/Orig List % 99% 99%
Average DOM of Closed Sales 25 57

(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
2236 Howard Avenue 41 $679,000
92 Madera Avenue 472 $929,000
141 Palm Avenue 5 $995,000
1712 Howard Avenue 7 $1,399,990
115 De Anza Avenue 56 $849,000
11 Dickens Court 0 $875,000
68 Fay Avenue 146 $525,000
723 Cordilleras Avenue 35 $899,950
1004 Montgomery Street 14 $648,000
2065 Greenwood Avenue 8 $1,075,000

(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:

157 Glasgow Lane, San Carlos

157 Glasgow Lane, 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
157 Glasgow Lane $1,595,000 4BR/3BA 2,914/8,076 Deborah Kehrberg, Coldwell Banker
154 Garnet Avenue $1,149,000 4BR/2.5BA 2,250/5,290 David Young, Coldwell Banker
46 Elston Court $1,099,000 3BR/2.5BA 1,768/8,000 Bente Palouda, Keller Williams
1430 Cedar Street $949,000 3BR/2BA 1,330/4,400 Dean Asborno, Coldwell Banker
416 Pearl Avenue $898,000 3BR/2BA 1,703/4,400 Liz Pollard, Alain Pinel Realtors
278 Cedar Street $898,000 5BR/2BA 1,860/4,410 Jessica Eva, Today Sothebys
15 Madera Avenue $890,000 4BR/3.5BA 2,790/9,000 John Shroyer, Today Sothebys
1617 Belmont Avenue $869,000 3BR/2BA 1,350/4,600 David Young, Coldwell Banker
24 Bayport Court $759,000 3BR/2.5BA 1,660/5,400 Terry Kelly, Intero
1540 Hull Drive $698,000 2BR/1BA 1,040/7,130 David Finnegan, Better Homes

(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
$– $– -$–

(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)
656 Walnut Street #402 22
416 Portofino Drive #202 57
436 Portofino Drive #205 5

(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
13 Sorrel Lane $639,000 2BR/2.5BA 1,379 Eddie Azzopardi, Realty World
641 Cedar Street #103 $549,000 2BR/2BA 1,178 Mike Masoumi, RE/MAX
772 Walnut Street #8 $375,000 2BR/1.5BA 970 Mary Molinari, 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)

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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