The San Carlos Week In Review – 2/28/09…

(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.)

It was an interesting week in San Carlos real estate because it was a busy week.  When's the last time you heard that statement?   With 10 new listings coming on-line this week, you would have expected to see the inventory level swell into the high 60 range.   But here's what the numbers looks like as of today:

• Active:  59 Homes (last week: 57)
• Pending Sale: 29 Homes (last week: 20)

This means that, for this week anyway,  the San Carlos market is “absorbing,” or selling, homes at nearly the same rate as new listings are being created.    That's really good news, and it's something we haven't seen for awhile.  Let's hope the trend continues…

Here's the scoop for the week.  Remember, you can click on either the address OR the picture to get all the details.

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San Carlos Home Sales

1969 Arroyo Avenue:

• Pictured Above — Sale Price: $950,000.  Original List Price: $1,265,000.   Difference: $315,000 (24.9% ) below original list.   DOM: 137 Days total under MLS # 80834060.   Listed by my good friend Eric Berggren of Intero Real Estate Services.

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New Listings in San Carlos

260 Windsor Drive:

• Pictured above:  $1,274,950 — 3BR/2.5BA, 2,805 sq ft on a 7,650 square foot lot.    MLS# 80909228, listed by Donna Colangelo of Intero Real Estate Services.

418 Winding Way:

• $1,198,000 — 3BR/3BA, 2,440 sq ft on a 6,300 square foot lot.    MLS# 80909574, listed by Sherry Bakhtiari of Investment Realty Group.

827 Sunset Drive:

• $1,099,000 — 3BR/2BA, 1,540 sq ft on a 6,700 square foot lot.    MLS# 80909975, listed by Bob Bredel of RE/MAX Today.

230 Kelton Avenue:

• $1,048,000 — 3BR/1.5BA, 1,490 sq ft on a 4,520 square foot lot.    MLS# 80910130, listed by Bryan Jacobs of JV & Associates.

811 Chestnut Street:

• $1,020,000 — 3BR/2BA, 1,440 sq ft on a 5,300 square foot lot.    MLS# 80910036, listed by John Shroyer of RE/MAX Today.

245 Pearl Avenue:

• $969,000 — 3BR/2BA, 1,640 sq ft on a 6,150 square foot lot.    MLS# 80909259, listed by Justine Ford of RE/MAX Today.

419 De Anza Avenue

• $947,000 — 3BR/2BA, 1,540 sq ft on a 5,000 square foot lot.    MLS# 80910183, listed by Denis Vorrises of Anagnostou Properties.

1125 Rosewood Avenue:

• $899,000 — 3BR/2BA, 1,430 sq ft on a 4,800 square foot lot.    MLS# 80910105, listed by Justine Ford of RE/MAX Today.

903 Cherry Street:

• $639,000 — 2BR/1BA, 970 sq ft on a 4,600 square foot lot.    MLS# 80909223, listed by Celeste Pagan of Carlmont Associates.

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Back on the Market

2210 Saint Francis Way

• Pictured Above: $884,950 — 3BR/2BA, 1,604 sq ft on a 6,278 square foot lot.    Was on the market last year for 100 days when it first listed for $899,000 under a different brokeage.  MLS# 80910292, listed by David Blewett of Intero Real Estate Services.