If there’s an award to a San Carlos street with the most persistence in the real estate market, then this week that award goes to Madera Avenue. 165 Madera Avenue closed escrow this week after being on the market for 325 days. And 92 Madera Avenue is now pending sale after 489 days on the market. Now that’s sticking to it.
Aside from that, it was much the same as the prior week. 8 new issues were countered by 7 pending sales, which pretty much kept the inventory level unchanged by the end of the week. While the numbers certainly don’t show it, there’s a feeling in the market that the pace has slowed a bit in recent weeks. Buyers seem to be exercising more patience before making their purchase, and not all listings are getting the attention that they were a few weeks earlier. It will be interesting to see if the numbers bear out this observation in the coming weeks.
San Carlos Market Report.
Click here to download this week’s edition of the Altos Research Market Report: San Carlos Market Report 5-21-2011
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 5-21-2011:
|Active Listings||65||64 (+1.6%)|
|Average DOM of Active Listings||63||60|
|Homes in Contract||56||55 (+1.8%)|
|Ratio Active/Pending||1.2 : 1||1.2 : 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.
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