The San Carlos Real Estate Week in Review: 10/3/09

The sub $1M price range continues to dominate sales in San Carlos.  All but one of the homes that sold this week were below this mark.   You can credit the $729,950 conforming loan limit for fueling sales in this range (stay tuned for another post about this coming up.)

Here's a snapshot of the San Carlos market, as of 10/3. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
Homes < $1M	32 (32)	22 (27)	1.2 : 1 (1.2 : 1)
Homes $1M –$1.5M	19 (17)	8 (9)	2.0 : 1 (1.9 : 1)
Homes >$1.5M	10 (10)	1 (1)	10.0 : 1 (10 : 1)
Total	61 (59)	31 (37)	2.0 : 1 (1.6 : 1)

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What Sold in San Carlos

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

1425 Greenbrier Road

• Sale Price: $1,097,000. Original List Price: $1,095,000. Difference:$2,000 (0.2%) above original list. DOM: 12 Days under current MLS # 80938509. Listed by Gina Nibbi of Pacific Union/GMAC.

112 Chesham Avenue

• Sale Price: $940,000. Original List Price: $889,950. Difference:$50,050 (5.6%) above original list. DOM: 11 Days under current MLS # 80940488. Listed by Donna Colangelo of Intero Real Estate Services.

827 Sunset Drive

• Sale Price: $820,000. Original List Price: $799,000. Difference:$21,000 (2.6%) above original list. DOM: 110 Days under current MLS # 80921255. Listed by Bob Bredel of RE/MAX Today.

2208 San Carlos Avenue

• Sale Price: $749,000. Original List Price: $799,000. Difference:$50,000 (6.3%) below original list. DOM: 90 Days under current MLS# 80925194. Listed by Jane Fletcher of RE/MAX Today.

2815 Clifford Avenue

• Sale Price: $735,000. Original List Price: $749,000. Difference:$14,000 (1.9%) below original list. DOM: 29 Days under current MLS# 80935883. Listed by Peter Vece of Dumas & Company.

275 Vine Street

• Sale Price: $747,000. Original List Price: $719,000. Difference:$28,000 (3.9%) above original list. DOM: 4 Days under current MLS# 80939339. Sold with multiple offers. Listed by Janie Barman of Coldwell Banker.

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Homes Pending Sale in San Carlos

The following homes went “Pending Sale” this week — click on the address for more info:

• 1613 Greenwood Ave, after 32 days on the market (deal fell through, but back in contract again.)
• 1341 Magnolia Ave, after 23 days (deal also fell through, but back in pending status.)

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New Listings in San Carlos

Below are the new listings that hit the market this past week in San Carlos. Simply click on the address of each home to get all the details.

256 Timothy Drive

• Pictured Above: $1,250,000— 4BR/2.5BA, 2,270 sq ft on a 7,560 square foot lot. MLS# 80947251, listed by John Shroyer of RE/MAX Today.

49 Fay Avenue

• $832,000— 3BR/2BA, 1,480 sq ft on a 13,900 square foot lot. MLS# 80946990, listed by David Young  of Coldwell Banker.

146 Hillcrest Road

• $795,000 — 2BR/1BA, 1,250 sq ft on a 17,280 square foot lot. MLS# 80946279, listed by Mark Johnson of Coldwell Banker.

(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

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