The San Carlos Real Estate Week In Review: 5/9/09.

San Carlos Inventory Analysis

As you can see from the New Listings and Homes Sold sections below, almost all of the activity this week was in the sub-$1M price range, continuing a trend from the past several weeks.    Here’s a snapshot of the San Carlos market, as of 5/9. The previous week’s stats are in parentheses:

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San Carlos Home Sales

Below are homes that sold this past week in San Carlos. Click on the respective addresses to get all the details.

122 Wellington Drive, San Carlos

122 Wellington Drive

• Pictured above – Sale Price: $740,000.  Original List Price: $749,800.  Difference: $9,800 (1.3%) below original list. DOM: 40 Days under MLS # 80910493.  Listed by Laura Bertolacci of RE/MAX Today.

820 Sunset Drive

• Sale Price: $625,000.  Original List Price: $675,000.  Difference: $50,000 (1.3%) below original list. DOM: 32 Days under MLS # 80915575.  Listed by Mary Duvall of Coldwell Banker.

903 Cherry Street

• Sale Price: $575,000.  Original List Price: $639,000.  Difference: $64,000 (10.0%) below original list. DOM: 43 Days under MLS # 80917084.  Listed by Celeste Pagan of Carlmont Associates.

<== Click this button to see all of the homes that have sold in San Carlos in the past 3 months.

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Homes Pending Sale in San Carlos

Something old, something new.  There were a couple of homes that went into contract very quickly this week, as well as an old-timer.   Here are the details:

• 166 Barford Avenue — Pending after only 7 days.
• 1035 Springfield Drive — Pending after only 2 days.
• 2743 San Carlos Avenue — Pending after a total of 261 days on the market

<== Click this button to see all the homes that are Pending Sale in San Carlos.

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New Listings in San Carlos

Below are the new listings that hit the market this past week in San Carlos. Click on the respective addresses to get all the details.  (Note:  If  a generic map comes up instead of a property profile, it likely means that particular home  is already Pending Sale.  Click the link in the “Homes Pending Sale” section to check.)

112 Park Avenue, San Carlos

112 Park Avenue

• Pictured Above: $1,098,800 — 3BR/2BA, 1,853 sq ft on a 5,280 square foot lot.    MLS# 80921749, listed by John Papais of Forest Meadow Properties.

399 Ashford Avenue

• $898,000 — 3BR/2BA, 1,600 sq ft on a 7,550 square foot lot.    MLS# 80921813, listed by Sabine Dillon of Coldwell Banker.

735 Orange Avenue

• $849,000 — 2BR/1BA, 1,100 sq ft on a 5,750 square foot lot.    MLS# 80922750, listed by Mike and Sandy Rostad of Coldwell Banker.

15 Gaylord Court

• $799,000 — 3BR/2BA, 1,360 sq ft on a 6,180 square foot lot.    MLS# 80922620, listed by Joanne Norris of Alain Pinel Realtors.

166 Barford Avenue

• $739,000 — 3BR/2BA, 1,360 sq ft on a 5,400 square foot lot.    MLS# 80921563, listed by Howard Clark of Dumas & Company.  This home is already pending sale after only 7 days on the market.

1035 Springfield Drive

• $539,000 — 2BR/1BA, 820 sq ft on a 5,000 square foot lot.    MLS# 80921826, listed by John Shroyer of RE/MAX Today.  This home is already pending sale after only 2 days on the market.

<== Click this button to see ALL of the homes currently for sale 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, and an occasional podcast mixed in to keep things lively. Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

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Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!
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The San Carlos Real Estate Week In Review: 5/2/09.

It was another busy week…and that was just on Friday.  A whole bunch of new inventory hit the market on Friday, and quite a few homes closed escrow.  This is great news for both buyers and sellers, because the inventory was starting to get stale with so little movement.

San Carlos Inventory Analysis

As you can see from the New Listings and Homes Sold sections below, there was a flurry of new listings, and quite a few home sales this past week.  When both of these numbers surge like this, the Active : Pending ratio jumps too, but likely just temporarily.    It simply takes time to absorb that much new inventory.    Here’s a snapshot of the San Carlos market, as of 5/2. The previous week’s stats are in parentheses:

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San Carlos Home Sales

Below are homes that sold this past week in San Carlos. Click on the respective addresses to get all the details.

156 Normandy Court, San Carlos

156 Normandy Court

• Pictured above – Sale Price: $1,258,750.  Original List Price: $1,399,000.  Difference: $140,250 (10.0%) below original list. DOM: 69 Days under MLS # 80911382.  Listed by Trish Ward of Intero Real Estate Services.

6 Madrona Street

• Sale Price: $1,200,000.  Original List Price: $1,359,000.   Difference: $159,000 (11.7%) below original list.    CDOM: 182 Days under MLS # 80906029.  Listed by Goldie Morabito of Coldwell Banker.

1404 Crestview Drive

• Sale Price: $1,037,500.  Original List Price: $1,349,000.   Difference: $311,500 (23.1%) below original list.    CDOM: 161 Days under MLS # 80843334.  Listed by Molitor and Lunder of Intero Real Estate Services.

1345 Arroyo Avenue

• Sale Price: $1,050,000.  Original List Price: $1,050,000.   No difference from original list:  DOM: 17 Days under MLS # 80909169.  Listed by Deborah Sharp of Alain Pinel Realtors.

3130 Melendy Drive

• Sale Price: $1,015,000.  Original List Price: $1,349,000.   Difference: $334,000 (24.8%) below original list.    DOM: 178 Days under MLS # 80836780.  Listed by Sophie Ravel of Keller Williams.

245 Pearl Avenue

• Sale Price: $900,000.  Original List Price: $969,000.   Difference: $69,000 (7.1%) below original list.    DOM: 31 Days under MLS # 80909259.  Listed by Justine Ford of RE/MAX Today.

1160 Walnut Street

• Sale Price: $780,000.  Original List Price: $798,000.   Difference: $18,000 (2.3%) below original list.    DOM: 26 Days under MLS # 80913564.  It originally listed two months ago under a different MLS # for $839,000.  Listed by John Shroyer of RE/MAX Today

2373 Howard Avenue

• Sale Price: $705,000.  Original List Price: $729,000.   Difference: $24,000 (3.3%) below original list.    DOM: 23 Days under MLS # 80911903.  Listed by Barbara Mecham of RE/MAX Today.

436 Laurel Street

• Sale Price: $675,000.  Original List Price: $729,000.   Difference: $54,000 (7.4%) below original list.    DOM: 73 Days under MLS # 80903588.  Listed by Valerie Hinton of Coldwell Banker.

1039 Springfield Drive

• Sale Price: $570,000.  Original List Price: $585,000.   Difference: $15,000 (2.6%) above original list.    DOM: 4 Days under MLS # 80912969.  Listed by Jennie Peterson of Coldwell Banker.

***To see all of the homes that have sold in San Carlos in the past 3 months,  click here:  San Carlos Home Sales

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Homes Pending Sale in San Carlos

This is a new feature to the Week in Review where I’ll note any homes that went into contract that were interesting for any reason (short or long days on market, for example.)

84 Club Drive was the only noteworthy pending sale, as it went into contract after only 8 days.

**To see all the homes that are Pending Sale in San Carlos, click here:  San Carlos Homes Pending Sale

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New Listings in San Carlos

Below are the new listings that hit the market this past week in San Carlos. Click on the respective addresses to get all the details.  (Note:  If  a generic map comes up instead of a property profile, it likely means that particular home  is already Pending Sale.  Click the link in the “Homes Pending Sale” section to check.)

747 Knoll Drive, San Carlos

747 Knoll Drive

• Pictured Above: $1,988,000 — 5BR/3BA, 2,860 sq ft on a 12,920 square foot lot.    MLS# 80921418, listed by the Clarke Team of Cashin Company.

215 Timothy Drive

• $1,799,971 — 3BR/2.5BA, 2,440 sq ft on a 7,524 square foot lot.    MLS# 80920574, listed by Donna Marie Baldwin of Coldwell Banker.

400 Alameda de las Pulgas

• $1,499,000 — 4BR/4+BA, 2,491 sq ft on a 7,051 square foot lot.    MLS# 80921394, listed by Bob Bredel of RE/MAX Today.

1805 Cedar Street

• $1,475,000 — 4BR/3BA, 2,430 sq ft on a 6,190 square foot lot.    MLS# 80921599, listed by Kristin Archibald of RE/MAX Today.

1552 Chestnut Street

• $949,950 — 3BR/2BA, 1,420 sq ft on a 4,400 square foot lot.    MLS# 80921464, listed by Bryan Jacobs of J.V. and Associates.

34 Dover Court

• $898,000 — 3BR/2BA, 1,340 sq ft on a 15,665 square foot lot.    MLS# 80921018, listed by Leyla Alhosseini of New Light Realty.  This is a bank-owned property.

984 Alameda de las Pulgas

• $879,500 — 3BR/2.5BA, 1,480 sq ft on a 12,513 square foot lot.    MLS# 80921577, listed by Michelle Despres of SC Properties.

2048 Brittan Avenue

• $789,000 — 3BR/1.5BA, 1,520 sq ft on a 5,000 square foot lot.    MLS# 80921491, listed by Mary Abolmoluki of Coldwell Banker.

166 Barford Avenue

• $739,000 — 3BR/2BA, 1,360 sq ft on a 5,400 square foot lot.    MLS# 80921563, listed by Howard Clark of Dumas & Company.

***To see ALL of the homes currently for sale in San Carlos,  click here: San Carlos Single Family Residences for Sale

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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, and an occasional podcast mixed in to keep things lively. Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

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_____________________________________________________________________________

Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!
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The San Carlos Real Estate Week In Review: 4/25/09.

If you have been hunting for a home for any period of time, you’ll know that Monday and Friday are the two days when most of the new listings hit the market.  Why?  Monday is the deadline to get the home registered for the Tuesday Broker’s tour, and Friday’s a favorite day to launch a new listing — just in time to catch both days on the weekend for the first open house.  This week was no exception — most of the new listings hit on either of these days.

San Carlos Inventory Analysis

There was a pretty big spike in the number of homes available in the sub-$1M price range — with the number now at 41, this means 61% of the home for sale in San Carlos are priced below $1,000,000.  It wasn’t too long ago when it was hard to find a single home in San Carlos below $1M!    Here’s a snapshot of the San Carlos market, as of 4/18. The previous week’s stats are in parentheses:

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San Carlos Home Sales

Below are homes that sold this past week in San Carlos. Click on the respective addresses to get all the details.

2282 Carmelita Drive, San Carlos

2282 Carmelita Drive

• Pictured above – Sale Price: $1,170,000.  Original List Price: $1,188,000.   Difference: $18,000 (1.5%) below original list.    DOM: 6 Days under MLS # 80913065.  Listed by Amy McEwan of Intero Real Estate Services.

948 Cherry Street

• Sale Price: $550,000.  Original List Price: $790,000.   Difference: $240,000 (30.4%) below original list.    DOM: 257 Days under MLS # 80807318.  This was a short sale, listed by Adriana F. De Anda of Bay Area Realty Investments.

***To see all of the homes that have sold in San Carlos in the past 3 months,  click here:  San Carlos Home Sales

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Homes Pending Sale in San Carlos

This is a new feature to the Week in Review where I’ll note any homes that went into contract that were interesting for any reason (short or long days on market, for example.)

The one pending sale that really jumped out this week was 121 Colton Avenue, because it sold before it ever hit the market.  That’s no surprise — a 1,550 square foot home in White Oaks priced at $769,000 is going to attract a ton of attention, regardless of the fact that it was only a 2BR/1BA.   Even if it did make it to the market, it would have been snatched up in a matter of days.

**To see all the homes that are Pending Sale in San Carlos, click here:  San Carlos Homes Pending Sale

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New Listings in San Carlos

Below are the new listings that hit the market this past week in San Carlos. Click on the respective addresses to get all the details.  (Note:  If  a generic map comes up instead of a property profile, it likely means that particular home  is already Pending Sale.  Click the link in the “Homes Pending Sale” section to check.)

338 Hill Way, San Carlos

338 Hill Way

• Pictured Above: $1,649,000 — 4BR/3BA, 2,509 sq ft on a 8,000 square foot lot.    MLS# 80919215, listed by Michael Costello of Costello Realty.

2172 Elizabeth Street

• $1,279,000 — 3BR/2.5BA, 2,135 sq ft on a 10,900 square foot lot.    MLS# 80920186, listed by Justine Ford of RE/MAX Today.

427 Ridge Road

• $1,099,000 — 3BR/3BA, 2,165 sq ft on a 7,840 square foot lot.    MLS# 80919857, listed by Michael Vigo, Broker.

108 Devonshire Blvd

• $968,000 — 3BR/2BA, 2,010 sq ft on a 5,110 square foot lot.    MLS# 80920319, listed by Haryl Pascal, Coldwell Banker.

418 De Anza Avenue

• $949,000 — 3BR/2.5BA, 1,660 sq ft on a 4,950 square foot lot.    MLS# 80919758, listed by Helen Sotiriadis of Royal Mortgage Real Estate & Investment Corp.

2305 Howard Avenue

• $949,000 — 3BR/2BA, 1,550 sq ft on a 5,640 square foot lot.    MLS# 80920298, listed by Erika Demma of Coldwell Banker.

378 De Anza Avenue

• $889,500 — 3BR/2BA, 1,510 sq ft on a 5,450 square foot lot.    MLS# 80919242, listed by Beverly Baumann of Red Carpet Heritage Realty.

1071 Lupin Way

• $819,000 — 3BR/1BA, 1,220 sq ft on a 7,450 square foot lot.    MLS# 80919242, listed by Sandy Paoli of RE/MAX Today.

121 Colton Avenue

• $769,000 — 2BR/1BA, 1,550 sq ft on a 5,763 square foot lot.    MLS# 80920348, listed by Doug Gonzalez of Coldwell Banker.  UPDATE — This home is already pending sale.

***To see ALL of the homes currently for sale in San Carlos,  click here: San Carlos Single Family Residences for Sale

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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, and an occasional podcast mixed in to keep things lively. Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

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_____________________________________________________________________________

Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!
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The San Carlos Real Estate Week In Review: 4/18/09.

New and Improved…

Or, is it “Tastes great, less filling?”  I can’t remember.  But I tinkered with the format of this report a bit.  Now you’ll find a new section on Homes Pending Sale, and new links in the report that list ALL  homes Sold, Active, or Pending in San Carlos.  Basically, if it’s about real estate in San Carlos, it’s in here.  Let me know what you think of the new format.

San Carlos Inventory Analysis

There are more homes to choose from in the sub-$1M price range, and fewer to choose from in the $1.0M – $1.5M range.  Not great news for move-up buyers, but it’s a good sign that this segment is starting to move.    Here’s a snapshot of the San Carlos market, as of 4/18:

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Homes Pending Sale

This is a new feature to the Week in Review where I’ll note any homes that went into contract that were interesting for any reason (short or long days on market, for example.)

• 48 Stanford Lane — Pending after 1 day on the market.
• 91 Kenton Avenue — Pending after 12 days, and with multiple offers.
• 1401 Crestview Drive – Pending after 161 days (and a total reduction of $274k)

**To see all the homes that are Pending Sale in San Carlos, click here:  San Carlos Homes Pending Sale

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San Carlos Home Sales

Below are homes that sold this past week in San Carlos. Click on the respective addresses to get all the details.

2734 Victoria Manor, San Carlos

2734 Victoria Manor

• Pictured above – Sale Price: $1,175,000.  Original List Price: $1,399,000.   Difference: $224,000 (16.0%) below original list.    DOM: 45 Days under MLS # 80905338.  Listed by Vincent Armando of Armando Investments.

117 Crestview Drive

• Sale Price: $1,089,000.  Original List Price: $1,099,000.   Difference: $10,000 (0.9%) below original list.    DOM: 14 Days under MLS # 80911795.  (69 days total from when it first listed for $1,298,000 –  a difference of 16%)   Listed by Debbie Wilhelm of Coldwell Banker.

268 Park Avenue

• Sale Price: $985,000.  Original List Price: $998,000.   Difference: $13,000 (1.3%) below original list.    DOM: 2 Days under MLS # 80912904.   Listed by David Young of Coldwell Banker.

10 Del Rey Court

• Sale Price: $975,000.  Original List Price: $1,150,000.   Difference: $175,000 (15.2%) below original list.    DOM: 125 Days under MLS # 80844226.   Listed by David Young of Coldwell Banker.

3291 Brittan Avenue

• Sale Price: $725,000.  Original List Price: $879,000.   Difference: $154,000 (17.5%) below original list.    DOM: 70 Days under MLS # 80902378.   Listed by Ken Wei of Greenfield Realty.

***To see all of the homes that have sold in San Carlos in the past 3 months,  click here:  San Carlos Home Sales

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New Listings in San Carlos

Below are the new listings that hit the market this past week in San Carlos. Click on the respective addresses to get all the details.  (Note:  If  a generic map comes up instead of a property profile, it likely means that particular home  is already Pending Sale.  Click the link in the “Homes Pending Sale” section to check.)

84 Club Drive, San Carlos

84 Club Drive

• Pictured Above: $939,000 — 4BR/2.5BA, 2,450 sq ft on a 8,100 square foot lot.    MLS# 80918931, listed by Carol Prail of RE/MAX Today.

1201 Dayton Avenue

• $885,000 — 3BR/1.5BA, 1,270 sq ft on a 4,920 square foot lot.    MLS# 80918824, listed by Mike and Sandy Rostad of Coldwell Banker.

241 Oakview Drive

• $849,000 — 4BR/3BA, 2,270 sq ft on a 5,750 square foot lot.    MLS# 80918605, co-listed by Justine Ford and John Shroyer of RE/MAX Today.

2806 San Carlos Avenue

• $768,000 — 3BR/1BA, 1,210 sq ft on a 6,500 square foot lot.    MLS# 80918959, listed by Mauricio Martinez of RE/MAX Star Properties.

48 Stanford Lane

• $739,000 — 3BR/1.5BA, 1,290 sq ft on a 4,400 square foot lot.    MLS# 80918085, listed by David Young of Coldwell Banker.  Update: This home is already pending sale after 1 day on the market.

39 Willow Glen Way

• $668,655 — 3BR/3BA, 1,640 sq ft on a 5,000 square foot lot.   This is an REO property –  MLS# 80919069, listed by Michael Ames of Patriot Properties

***To see ALL of the homes currently for sale in San Carlos,  click here: San Carlos Single Family Residences for Sale

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Back on the Market

39 Coronado Avenue, San Carlos

39 Coronado Avenue

• $975,000 — 4BR/3BA, 2,490 sq ft on a 20,375 square foot lot.  Originally listed at $1,349,000 back in August ’08 — is now back on the market as an REO.   MLS# 80918799, listed by Arturo Rodriguez, Broker.

932 Elm Street

• $949,000 — 3BR/2.5BA, 1,450 sq ft on a 6,000 square foot lot.  Originally listed at $1,070,000 back in February ’08.  MLS# 80918799, listed by Arturo Rodriguez, Broker.

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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, and an occasional podcast mixed in to keep things lively. Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

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_____________________________________________________________________________

Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!
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The San Carlos Real Estate Week In Review: 4/11/09.

Is the “bounce” beginning to happen?

It’s probably premature to draw that conclusion from just one week’s data, but the red ink was conspicuously absent in the sub-$1M home sales this week.  Of the three homes below that sold in this price range, two fetched over asking price, and the third was right at list.   And the average days on market for these three?  6 days.   I haven’t seen that happen in many months.  It’s worth keeping a close watch in the coming weeks to see whether this was just an anomaly, or if the entry-level market in San Carlos is starting to find the bottom.

(4-12: A quick update on this topic:  2258 Carmelita is already in contract after only 3 days on the market.  1160 Walnut is also in contract, only 2 days after being put back on the market.  Just more food for thought…)

San Carlos Inventory Analysis

Here’s a snapshot of the San Carlos market, as of 4/11:

• Active: 63 homes (last week: 66)
• Pending Sale: 30 Homes (last week:29)
• Ratio ~ 2.1:1 (last week: 2.3:1)

This ratio has actually hit 2:1 earlier this past week for a short time.  That’s simply an amazing figure to see in a recessionary market.  Below are those same numbers broken out by price category.  Note the disconnect in the ratio once it goes above the $1.5M mark.   That clearly tells you which market is suffering right now.   Note that the figures shown in parentheses are the prior week’s figures for comparison:

Below are the new listings and home sales from this past week. Click on the respective addresses to get all the details.

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San Carlos Home Sales

270 Oakview Drive, San Carlos

270 Oakview Drive

• Pictured Above.  Sale Price: $1,400,000.  Original List Price: $1,695,000.   Difference: $295,000 (17.4%) below original list.    DOM: 134 Days total under MLS # 80833811. Woohooo!!! This is the first of the homes at Oakview Knolls to sell.   Listed by Brian Chancellor of Alain Pinel Realtors.

4 Camborne Avenue

• Sale Price: $1,025,000.  Original List Price: $1,039,950.   Difference: $14,950 (1.4%) below original list.    DOM: 12 Days total under MLS # 80909786.  (166 days total from when it first listed for $1,174,950, or a difference of 13 %)   Listed by Donna Colangelo of Intero Real Estate Services.

2210 Saint Francis Way

• Sale Price: $884,950.  Original List Price: $884,950.   Difference: no change from original list.    DOM: 9 Days total under MLS # 80910292.  Listed by David Blewett of Intero Real Estate Services.

1348 Walnut Street

• Sale Price: $800,000.  Original List Price: $769,000.   Difference: $31,000 (4.0%) above original list.    DOM: 3 Days total under MLS # 80913250.  Listed by David Young of Coldwell Banker.

259 Vine Street

• Sale Price: $750,000.  Original List Price: $735,000.   Difference: $15,000 (2.0%) above original list.    DOM: 6 Days total under MLS # 80915467.  Listed by Susan Berry of Cashin Company.

**NEW FEATURES!

To see all of the homes that have sold in San Carlos in the past 3 months, simply click here: 

San Carlos Home Sales

To see all of the homes that are “Sale Pending” in San Carlos, click here:

Homes Pending Sale in San Carlos

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New Listings in San Carlos

609 De Anza Avenue, San Carlos

609 De Anza Avenue

• (Pictured Above.) $1,649,000 — 5BR/4+BA, 4,152 sq ft on a 10,126 square foot lot.    MLS# 80917634, listed by Michael Verdone of Economic Concepts.

2258 Carmelita Drive

• UPDATE: Pending Sale after 3 days on the market. $988,000 — 3BR/2BA, 1,600 sq ft on a 9,744 square foot lot.    MLS# 80917527, listed by Rita Boren, Sereno Group.

184 Sycamore Street

• $829,000 — 3BR/2BA, 1,220 sq ft on a 7,480 square foot lot.    MLS# 80917117, listed by Mary Molinari of Coldwell Banker.

***To see all of the homes currently for sale in San Carlos, simply click here: San Carlos Single Family Residences for Sale

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Back on the Market

1160 Walnut Street, San Carlos

1160 Walnut Street – Sale Pending

• (Pictured Above.) $798,000 — 2BR/1BA, 1,060 sq ft on a 4,800 square foot lot.    MLS# 80913564, listed by John Shroyer of RE/MAX Today.  Update:  Now pending sale after just 2 days back on the market.

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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, and an occasional podcast mixed in to keep things lively. Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

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_____________________________________________________________________________

Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!
_____________________________________________________________________________

The San Carlos Real Estate Week In Review – 4/4/09…

Bargains in San Carlos?

Three homes listed this week, and not one of them was above $800,000.   I can’t remember the last time that happened.  But the theme from last week has definitely carried over to this week:  The sub-$1M market is definitely heating up.   Look at the homes that went pending this week:

• 259 Vine St:  $735,000.  Pending after 6 days.
• 820 Sunset Dr:  675,000 – Pending after 7 days.
• 2373 Howard Ave:  $729,000 – Pending after 23 days.

Homes in this price range continue to be the most sought-after right now in San Carlos.

San Carlos Inventory Analysis

Here’s a snapshot of the San Carlos market, as of 4/4:

• Active:  66 homes (last week: 69)
• Pending Sale: 29 Homes (last week:27)
• Ratio ~ 2.3:1 (last week:  2.6:1)

This ratio has declined for the third consecutive week, meaning homes are getting into contract more quickly.   Here are those same numbers broken out by price category:

• Homes < $1M:   35 Active, 15 Pending =  2.3:1  (last week: 2.3:1)
• Homes  $1M –$1.5M:  21 Active, 11 Pending = 1.9:1 (last week: 2.7:1)
• Homes  >$1.5M:  10 Active,  3 Pending =  3.3:1 (last week: 3.3:1)

The biggest change in ratio actually occurred in the $1M-$1.5M range, since there were no new listings to replace those that went pending.  The good news here is that homes are selling in this range too.

Below are the new listings and home sales from this past week.  Click on the respective addresses to get all the details.

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San Carlos Home Sales

3141 La Mesa Drive, San Carlos

3141 La Mesa Drive

• Pictured Above — Sale Price: $1,245,000.  Original List Price: $1,249,000.   Difference: $4,000 (0.3%) below original list.    DOM: 8 Days total under MLS # 80906233.   Listed by Norrine Higgins of RE/MAX Today.    These results are significant — it’s not often today that we’re seeing homes in this price range sell as quickly and as close to list price as this one did.  Granted, this home is in move-in condition, it’s on the view side of La Mesa, and the listing agent priced it well.   But it’s worth seeing if this starts to become a trend in the low $1M range.

979 McCue Avenue

• Sale Price: $595,000.  Original List Price: $609,000.   Difference: $14,000 (2.2%) below original list.    DOM: 13 Days total under MLS # 80911908.  Listed by Deborah Wilhelm of Coldwell Banker.

365 Old County Road

• Sale Price: $420,000.  Original List Price: $489,900.   Difference: $69,900 (14.3%) below original list.    DOM: 95 Days total under MLS # 80844569.   This was an REO sale.  Listed by Alex Lehr of Lehr Real Estate.

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New Listings in San Carlos

91 Kenton Avenue, San Carlos

91 Kenton Avenue

• Pictured Above:  $798,888 — 3BR/2BA, 1,610 sq ft on a 5,500 square foot lot.    MLS# 80916947, listed by Lorelei Keim of Coldwell Banker.

29 Plymouth Avenue

• $749,000 — 3BR/1.5BA, 990 sq ft on a 5,370 square foot lot.    MLS# 80915730, listed by Peggy Ledoux of Cashin Company.

1004 Inverness Drive

• $538,500 — 2BR/1BA, 820 sq ft on a 5,000 square foot lot.    MLS# 80916226, listed by Terry Michaud of Heritage Realty.

*** To see all of the homes currently for sale in San Carlos, simply click here:  San Carlos Single Family Residences for Sale

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Back on the Market

260 Windsor Drive, San Carlos

260 Windsor Drive

• Pictured Above:  $1,224,950 — 3BR/2.5BA, 2,805 sq ft on a 7,650 square foot lot.    If you like contemporary decor, then you should check out this home.  The owner did a superb job.  MLS# 80915846, listed by Donna Colangelo of Intero Real Estate Service.

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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, and an occasional podcast mixed in to keep things lively.   Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

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Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
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The San Carlos Real Estate Week In Review – 3/28/09…

The sub-$1M sector continues to be the busiest in San Carlos.   Four of the five new listings below are in this segment, and now homes in this price range comprise more than 50% of all homes currently for sale in San Carlos.  When was the last time you saw that?   It wasn’t too long ago that the average home price in San Carlos was well north of $1M.  The majority of homes that closed escrow this past week were also below the $1M mark.

As surprising as it may seem, it actually makes sense.   Rates on conforming loans (up to $417,000) are now below 5%, and banks are just now beginning to write loans for the temporary “jumbo-conforming” limits of $729,950.   This means that first-time buyers have all of the elements in their favor now;  low rates, decreased home prices, and plenty of inventory to choose from.

Here’s a snapshot of the San Carlos market:

• Active:  69 Homes (last week: 74)
• Pending Sale: 27 Homes (last week: 24)
• Ratio ~ 2.6:1 (last week:  3.1:1)

And here are those same numbers broken out by price category:

• Homes < $1M–>  35 Active, 15 Pending =  35:15, or ~2.3:1  (last week: 35:12, or ~2.9:1)
• Homes  $1M –>$1.5M –  24 Active, 9 Pending = 24:9, or~ 2.7:1 (last week: 28:9, 0r~ 3.7:1)
• Homes  >$1.5M –>  10 Active,  3 Pending = 10:3, or ~ 3.3:1 (last week: 11:3, or ~ 3.7:1)

We spiked into the 70′s range for active listings for a short time last week, but with several going into contract and others being taken off the market, we’re back in the 60′s range again.  The Active:Pending ratio is below 3:1, which indicates a very active market.

Here’s the scoop on what happened this week.  Click on the respective address to get all the details.

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San Carlos Home Sales

1461 Crestview Drive, San Carlos

1461 Crestview Drive

• Pictured Above — Sale Price: $1,260,000.  Original List Price: $1,349,000.   Difference: $89,000 (6.6%) below original list.   DOM: 39 Days total under MLS # 80902508.   Listed by Lisa Susnow of Coldwell Banker.

774 Knoll Drive

• Sale Price: $1,395,000.  Original List Price: $1,450,000.   Difference: $55,000 (3.8%) below original list.   DOM: 24 Days total under MLS # 80903735.   Listed by Andrea Lynn of Coldwell Banker.

465 Wellington Drive

• Sale Price: $924,000.  Original List Price: $935,000.   Difference: $11,000 (1.2%) below original list.   DOM: 15 Days total under MLS # 80915228.   Listed by Anna Wong of Alain Pinel Realtors.

2724 Clifford Avenue

• Sale Price: $957,000.  Original List Price: $962,000.   Difference: $5,000 (0.5%) below original list.   DOM: 10 Days total under MLS # 80906518.   Listed by Melanie Smith of Coldwell Banker.

1557 Alameda de las Pulgas

• Sale Price: $816,500.  Original List Price: $814,000.   Difference: $2,500 (0.3%) above original list.   DOM: 4 Days total under MLS # 80907755.   Listed by Justine Ford of RE/MAX Today.

117 Belvedere Avenue

• Sale Price: $775,000.  Original List Price: $799,000.   Difference: $24,000 (3.0%) below original list.   DOM: 26 Days total under MLS # 80905000.   Listed by Mike Hirner of Alain Pinel Realtors.

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New Listings in San Carlos

870 Sunset Drive, San Carlos

870 Sunset Drive

• Pictured Above:  $1,225,000 — 3BR/2BA, 2,090 sq ft on a 13,200 square foot lot.    MLS# 80914486, listed by Mark Ruiz of the Ruiz Group.

2419 Graceland Avenue

• $918,000 — 3BR/2BA, 1,310 sq ft on a 7,300 square foot lot.    MLS# 80914511, listed by Laura Bertolacci of RE/MAX Today.

425 Cedar Street

• $750,000 — 3BR/2BA, 1,410 sq ft on a 9,600 square foot lot.    MLS# 80914536, listed by John Shroyer of RE/MAX Today.

259 Vine Street

• $735,000 — 3BR/2BA, 1,230 sq ft on a 5,000 square foot lot.    MLS# 80915467, listed by Susan Berry of Cashin Company.

820 Sunset Drive

• $675,000 — 2BR/2BA, 1,220 sq ft on a 5,500 square foot lot.    MLS# 80915575, listed by Mary Duvall of Coldwell Banker.

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Back on the Market

1339 Pebble Drive, San Carlos

1339 Pebble Drive

• Pictured Above: $1,148,000 — 5BR/2.5BA, 3,060 sq ft on a 7,620 square foot lot.    Was on the market back in July ’08 under a different brokerage and listing at $1,698,000.   Current MLS# 80914513, listed by Molitor and Lunder of Alain Pinel Realtors.

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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, and an occasional podcast mixed in to keep things lively.   Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

_____________________________________________________________________________

Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!
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The San Carlos Real Estate Week In Review – 3/21/09…

(The “San Carlos Week in Review” is a series is a summary of new listings and home sales in San Carlos for the prior week, and an occasional podcast mixed in to keep things lively.   Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

This week we saw a bit of a surge in listings for homes in the sub $1M segment, with is the most active segment in San Carlos.

First, here are the totals as of now:

• Active:  74 Homes (last week: 67)
• Pending Sale: 24 Homes (last week: 24)
• Ratio ~ 3.1:1 (last week:  2.8:1)

And here are those same numbers broken out by price category:

• Homes < $1M  –  Active:Pending =  35:12, or ~2.9:1  (last week: 30:14, or ~2.1:1)
• Homes  $1M – $1.5M –  Active:Pending = 28:9, or~ 3.1:1 (last week: 26:7, 0r~ 3.7:1)
• Homes  >$1.5M –  Active:Pending = 11:3, or ~ 3.7:1 (last week: 11:3, or ~ 3.7:1)

With the rate of homes coming on the market outpacing the rate at which they are being sold, the ratios bumped up a little bit, as you might expect.

Here’s the scoop on what happened this week.  Click on the respective address to get all the details.

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San Carlos Home Sales

90 Cedar Street

• Pictured Above — Sale Price: $865,000.  Original List Price: $839,000.   Difference: $26,000 (3.1%) above original list.   DOM: 13 Days total under MLS # 80907917.   Listed by Wendi Selig of Coldwell Banker.

524 Prospect Street

• Sale Price: $799,000.  Original List Price: $799,000.   Difference:no difference from original list. DOM: 10 Days total under MLS # 80905329.   Listed by Carrie and Grant DuBois of Coldwell Banker.

347 Fairfield Drive

• Sale Price: $505,000.  Original List Price: $529,000.   Difference: $24,000 (4.5%) below original list.   DOM: 22 Days total under MLS # 80902420.   Listed by Mary Yeargain of RE/MAX Today.

977 Holly Street

• Sale Price: $489,000.  Original List Price: $515,000.   Difference: $26,000 (5.0%) below original list.   DOM: 37 Days total under MLS # 80902520.   Listed by Bob Bredel of RE/MAX Today.

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New Listings in San Carlos

1048 San Remo Way

• (Pictured Above) $1,385,000 — 4BR/4+BA, 2,290 sq ft on a 11,400 square foot lot.    MLS# 80913213, listed by Dan Gilmartin of the Gilmartin Group.

2107 Cedar Street

• $1,099,000 — 3BR/2.5BA, 2,170 sq ft on a 5,600 square foot lot.    MLS# 80913252, listed by Rhonda O’Leary of Cashin Company.

2917 Sherwood Drive

• $1,049,000 — 3BR/2.5BA, 1,920 sq ft on a 6,360 square foot lot.    MLS# 80914285, listed by Mary Duvall of Coldwell Banker.

637 Dartmouth Avenue

• $949,000 — 2BR/2BA, 1,677 sq ft on a 5,616 square foot lot.    MLS# 80913203, listed by Justine Ford of RE/MAX Today.

92 Hillcrest Road

• $898,950 — 3BR/2BA, 2,040 sq ft on a 8,460 square foot lot.    MLS# 80913172, listed by Genella Williamson of Alain Pinel Realtors.

105 De Anza Avenue

• $879,000 — 3BR/2BA, 1,370 sq ft on a 5,700 square foot lot.    MLS# 80914249, listed by Frank Mack of Prudential California Realty.

1317 Walnut Street

• $799,000 — 3BR/1BA, 1,210 sq ft on a 4,920 square foot lot.    MLS# 80913180, listed by Judith Litteer of Prudential California Realty.

341 Laurel Street

• $779,000 — 3BR/2.5BA, 1,240 sq ft on a 7,500 square foot lot.    According to the MLS comments, this one is a short sale.  MLS# 80913571, listed by Dean Asborno of Alain Pinel Realtors.

1348 Walnut Street

• $769,000 — 3BR/1BA, 1,330 sq ft on a 4,920 square foot lot.    MLS# 80913250, listed by David Young of Coldwell Banker.

1671 Walnut Street

• $679,000 — 2BR/1BA, 1,210 sq ft on a 5,500 square foot lot.    MLS# 80913852, listed by Steven Guernsey, Broker.

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Back on the Market

227 Rockridge Road

• Pictured Above:  $1,499,800 — 4BR/3BA, 2,630 sq ft on a 14,000 square foot lot.    MLS# 80914231, listed by Bernadette Casey of Coldwell Banker.   First hit the market back in April ’08 at $1,795,000.

177 Barford Avenue

• $849,000 — 4BR/2BA, 2,470 sq ft on a 7,344 square foot lot.    MLS# 80913872, listed by Kendra Wall of Vanguard Properties.   First hit the market back in April ’08 at $1,198,000. Now it’s back on the market as an REO.

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_____________________________________________________________________________

Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!
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