San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 8-13-11. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 8-13-11.

by Chuck Gillooley

San Carlos Real Estate Summary.

The real estate market got a big shot in the arm this past week when the Federal Reserve announced that it will keep its rates near zero until 2013.  This essentially ensures that mortgage rates will remain at historically low levels during this period, and that’s always a good catalyst for folks to buy homes.  In my opinion, this move will largely nullify the effects of the wild ride the stock market has taken over the same period — at least with respect to the local real estate market.  If people feel assured that they can lock in a great long-term rate, then they’ll buy homes — regardless of what the stock market is doing during a given week.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 8-13-2011.

Inventory 8-13-11 Prior Week
Active Listings 48 54 (-11%)
Average Price of Active Listings $1,034,133 $999,658 (+3.4%)
Average DOM of Active Listings 71 66
No. of Homes Pending Sale
43 44 (-2.2%)
Ratio of Active:Pending 1.1 : 1 1.5 : 1

San Carlos Market Report.

Click here to download this week’s edition of the Altos Research Market Report:    San Carlos Market Report 8-13-2011

The San Carlos Open House Page.

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.

Single-Family Homes Sold in San Carlos:

2245 Eaton Avenue, San Carlos
2245 Eaton 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
2245 Eaton Avenue
$1,635,000 $1,695,000 -$60,000 (-3.5%) 70
400 Winding Way $1,350,000 $1,395,000 -$45,000 (-3.2%) 73
169 Glasgow Lane
$1,235,000 $1,388,000 -$153,000 (-11.0%) 23
3245 La Mesa Drive $1,175,000 $1,210,000 -$35,000 (-2.9%) 24
1388 Greenbrier Road
$1,015,000 $1,010,000 +$5,000 (+0.5%) 11
153 Garnet Avenue $1,000,000 $939,000 +$61,000 (+6.5%) 7
1016 Porto Marino Drive $900,000 $939,000 -$39,000 (-4.2%) 18
2223 Carmelita Drive $880,000 $925,000 -$45,000 (-4.9%) 17
1078 Cedar Street
$800,000 $759,000 +$41,000 (+5.4%) 7

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

Closed Sales Stats 8-13-11 Prior Week
# Closed Sales 10 2
# of Sales Below List (% of total) 6 (60%) 1 (50%)
SP/Orig List % 96.6% 94.8%
Average DOM of Closed Sales 31 31

(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
2916 Sherwood Drive 42 $900,000
1730 Walnut Street 10 $849,000
1450 Cedar Street
4 $715,000
1339 Woodland Avenue 18 $775,000
30 Hartford Avenue 28 $835,000
2008 Greenwood Avenue
7 $632,000
80 Hilltop Drive
43 $805,000

(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.

787 Kent Avenue, San Carlos
787 Kent 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
787 Kent Avenue $1,549,888 4BR/4BA 2,920/9,963 Milana Ostroy, Coldwell Banker
1322 White Oak Way $1,549,000 4BR/3BA 2,787/9,831 Dolly Ramos, Better Homes
3233 La Mesa Drive $1,249,000 4BR/2.5BA 2,490/16,250 Dean Asimos, Drake 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 for all of the details:

Address Sold Price Orig. List Difference DOM
793 Elm Street #10 $570,000 $595,000 -$25,000 (-4.2%) 14

(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)
4 Sorrel Lane 145
13 Sorrel Lane
32

(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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