The San Carlos Real Estate Week In Review: 6/27/09.

San Carlos Inventory Analysis

There was a bit of a change in the mix this week — for many weeks now, homes in the sub-$1M sector have made dominated the number homes for sale in San Carlos.  This week, the $1M-$1.5M segment picked up 4 new listings and edged into the lead.  It will be interesting to see how many of these remain in that range when they do sell.  That should give us a good indication of the relative health of the real estate market in San Carlos.

Here's a snapshot of the San Carlos market, as of 6/27.  The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
Homes < $1M	22 (23)	27 (31)	0.8 : 1 (0.7 : 1)
Homes $1M –$1.5M	23 (19)	7 (7)	3.3 : 1 (2.7 : 1)
Homes >$1.5M	13 (13)	2(2)	6.5 : 1 (6.5 : 1)
Total	58 (55)	35 (40)	1.7 : 1 (1.4 : 1)

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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.

2048 Alma Street

• Pictured Above — Sale Price: $1,739,500 Original List Price: $1,899,950.  Difference: $160,450 (8.4%) below original list. DOM: 221 Days under current MLS # 80909572. This was a really nice home on one of San Carlos' premier streets.   Listed by Donna Colangelo of Intero Real Estate Services.

205 Lynton Avenue

• Sale Price: $999,777.  Original List Price: $1,275,000.  Difference: $275,223 (21.6%) below original list. DOM: 92 Days under current MLS # 80913872. Listed by Arnoldo Arreola of RE/MAX Star Properties.

177 Barford Avenue

• Sale Price: $825,000.  Original List Price: $849,000.  Difference: $24,000 (2.8%) below original list. DOM: 31 Days under current MLS # 80913872. This ultimately sold as an REO, but it originally listed back in April '08 at $1,198,000.  Listed by Kendra Wall of Vanguard Properties.

984 Alameda de las Pulgas

• Sale Price: $810,000.  Original List Price: $879,500.  Difference: $69,500 (7.9%) below original list. DOM: 36 Days under current MLS # 80921577. Listed by Michelle Despres of SC Properties.

2048 Brittan Avenue

• Sale Price: $760,000.  Original List Price: $789,000.  Difference: $29,000 (3.7%) below original list. DOM: 31 Days under current MLS # 80921491. Listed by Mehrandokht Abolmoluki of Coldwell Banker.

(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

Here's a noteworthy pending sale from this week…

• 849 Elm Street went pending after only 1 day 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.)

46 Elston Court

• Pictured Above:  $1,288,888 — 3BR/ 2.5BA, 1,826 sq ft on a 8,000 square foot lot.    MLS# 80931039, listed by Bente Palouda of Keller-Williams Cupertino.

2725 Clifford Avenue

• $1,268,000 — 3BR/ 2.5BA, 2,040 sq ft on a 10,400 square foot lot.    MLS# 80931039, listed by David Young of Coldwell Banker.

19 Camborne Avenue

• $1,245,950 — 4BR/ 2.5BA, 2,880 sq ft on a 14,200 square foot lot.    MLS# 80930035, listed by Donna Colangelo of Intero Real Estate Services.

2424 Melendy Drive

• $1,089,000 — 3BR/ 2BA, 1,870 sq ft on a 10,788 square foot lot.    MLS# 80930057, listed by Jeffrey Holley of CNA Equity Group.

938 Lupin Way

• $998,938 — 3BR/ 2BA, 1,950 sq ft on a 5,600 square foot lot.    MLS# 80930065, listed by Sue Walsh of Cashin Company.

3184 Brittan Avenue

• $975,000 — 4BR/ 2.5BA, 2,600 sq ft on a 14,204 square foot lot.    MLS# 80930042, listed by Mary Duvall of Coldwell Banker.

201 Molton Avenue

• $939,000 — 3BR/ 2BA, 1,600 sq ft on a 6,120 square foot lot.    MLS# 80931049, listed by David Young of Coldwell Banker.

849 Elm Street

• $649,000 — 3BR/ 1.5BA, 1,580 sq ft on a 7,200 square foot lot.    MLS# 80930034, listed by Justine Ford of RE/MAX Today.  This home is already pending sale after one day 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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