The San Carlos Real Estate Week in Review: 11/7/09

Inventory of single family homes in San Carlos oscillated around the 50 mark all week.  It went as low as 47 early in the week, and as high as 51.  But homes are going into contract at about the same rate as new ones are coming on the market, so it's a very challenging environment for buyers right now, and it will remain that way until the inventory gets a bit bigger.

Here's a snapshot of the San Carlos market, as of 11/7. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
Homes < $1M	24 (25)	24 (25)	1 : 1 (1.1 : 1)
Homes $1M –$1.5M	14 (16)	12 (10)	1.2 : 1 (1.6 : 1)
Homes >$1.5M	11 (10)	0 (0)	N/A (N/A )
Total	49 (51)	36 (35)	1.4 : 1 (1.5 : 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.

1653 Gover Lane

• Pictured Above — Sale Price: $985,000. Original List Price: $988,000. Difference: $3,000 (0.3%) below original list. DOM: 15 Days under current MLS # 80946109. Listed by William McQuaid of Cashin Company.

2720 Eaton Avenue

• Sale Price: $975,000. Original List Price: $989,000. Difference: $14,000 (1.4%) below original list. DOM: 12 Days under current MLS #80944962. Listed by Justine Ford of RE/MAX Today.

88 Hilltop Drive

• Sale Price: $849,000. Original List Price: $869,888. Difference: $20,888 (2.4%) below original list. DOM: 13 Days under current MLS #80944962. Listed by Steve Eldgridge of RE/MAX Today.

1951 Arroyo Avenue

• Sale Price: $720,000. Original List Price: $725,000. Difference: $5,000 (0.7%) below original list. DOM: 27 Days under current MLS #80948183. Listed by Debbie Wilhelm 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:

• 18 Coleman Ct, after 332 days on the market.
• 2120 Eaton Ave, after 5 days.
• 1421 Hull Dr, 11 days.
• 2036 Alma St, 8 days.
• 3481 La Mesa Dr, 89 days.

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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.

288 Club Drive

• Pictured Above:  $1,295,000— 2BR/5BA, 4,250 sq ft on a 15,681 square foot lot    MLS# 80952202, listed by James Shin of RE/MAX Accord.  (editor's note:  MLS states that it's a 2BR/5BA, but in the agent notes it's specified as a 4BR/3.5BA)

3005 Brittan Avenue

• $924,000 — 3BR/2BA, 1,900 sq ft on a 8,176 square foot lot. MLS# 80952557, listed by Judi Matlack of Alain Pinel Realtors.

2043 Saint Francis Way

• $899,000 — 3BR/2BA, 1,493 sq ft on a 4,440 square foot lot. MLS# 80952581, listed by Sherry Cottonaro of Cashin Company.

2056 Arroyo Avenue

• $800,000 — 3BR/1BA, 1,290 sq ft on a 5,000 square foot lot. MLS# 80952587, listed by Kathy & Colleen 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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