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The San Carlos Real Estate Week in Review: 1-7-12.

by Chuck Gillooley

San Carlos Real Estate Summary.

Welcome to 2012, and the first Week in Review report for the new year!   New listings are the fuel for a robust real estate market, and unfortunately there were no new listings to report this week.   This isn’t unusual for this time of the year, since most sellers aren’t ready to list their homes until around February.  But any new listings that come on market in January will enjoy the luxury of virtually no competition.    The average days on market (DOM) for all of the homes currently for sale in San Carlos is a whopping 129 days (that’s over 4 months!), so buyers already know what’s out there and they’re ready to pounce on something new.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 1-7-2012:

Inventory 1-7-12 Prior Week
Active Listings 28 28 (0%)
Average Price of Active Listings $1,040,502 $987,792 (+5.3%)
Average DOM of Active Listings 129 118
No. of Homes Pending Sale 29 36 (-19%)
Active:Pending Ratio
0.97 : 1 0.8 : 1

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:

934 Woodland Avenue, San Carlos
934 Woodland Avenue, San Carlos

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.

Address Sold Price Orig. List Difference DOM
934 Woodland Avenue $1,200,000 $1,315,000 -$115,000 (-8.7%)
47
226 Timothy Drive
$1,000,011 $849,888 +$150,123 (+17.7%)
9
143 Ruby Avenue $799,000 $799,000 $0 (0%)
17
1306 Cordilleras Avenue
$640,000 $715,000 -$75,000 (-10.5%)
90

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

Closed Sales Stats 1-7-12 Prior Week
# Closed Sales 4 3
Average Sales Price
$909,753 $–
Sold Price vs Orig List (%) 99% 98%
# of Sales Below List (% of total) 2 (50%) 2 (67%)
Average DOM of Closed Sales 41 50

(Click the “Homes Sold” sign 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 any of these homes for additional info:

Address DOM (days) List Price
1905 Cedar Street 106 $1,226,000
130 Oakview Drive
124 $586,000

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

Homes Pending Sale in San Carlos

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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
$-

(Click the “Homes For Sale” sign 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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What’s Open This Weekend?

Click the “Open House” sign below 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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