The San Carlos Real Estate Week In Review – 3/21/09…

March 22, 2009


(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.


San Carlos Home Sales

90 Cedar Street, San Carlos

90 Cedar Street

  • Pictured Above — Sale Price: $865,000Original 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: $799,000Original 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: $505,000Original 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: $489,000Original 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.


New Listings in San Carlos

1048 San Remo Way, 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.


Back on the Market

227 Rockridge Road, San Carlos

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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  1. transient on March 23, 2009 at 4:53 am

    What’s the scoop on 177 Barford? Redfin says it sold in January for just over $1M but now it is back on the market with the kitchen stripped out. Did someone just defraud a bank on this one?

  2. Chuck on March 23, 2009 at 5:17 am

    Redfin’s information is incorrect. The house was listed in October ’08 at $1,088,000, but that listing was canceled in December ’08. It switched brokerages and was on again very briefly in January ’09 at $988,888, and now it’s on under yet another brokerage as an REO at its current price of $849,000.

    My guess (and it’s only a guess) is that the home was foreclosed on sometime in the January time-frame, since it was not called out as an REO until this most recent listing. Perhaps Redfin’s system triggered that change of ownership as an actual sale? According to the MLS, the last time this house sold was in April of 2005.

    I hope this helps….


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