The San Carlos Real Estate Week in Review: 11/21/09

As predicted, the inventory of single family residences for sale in San Carlos dropped again, and continued to stay low all week.  At the time of this post, there are only 36 homes for sale in ALL of San Carlos.  That's an incredibly low number for any time of year, even heading into the holiday season as we are now.

Another interesting note — 15 homes have already closed escrow in San Carlos this month, which is one more than in November '08.  This marks the third consecutive month (and the only three months of the year ) where we've had a year-over-year improvement from 2008.  While this isn't an overwhelming indication that the market is on the way back up, it's a good indicator that the slide has at least stopped.

Here's a snapshot of the San Carlos market, as of 11/21. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	18 (19)	22 (27)	0.8 : 1 (0.7 : 1)
$1M –$1.5M	9 (12)	11 (12)	0.8 : 1 (1.1 : 1)
>$1.5M	11 (10)	1 (0)	11 : 1 (N/A )
Total	36 (41)	34 (39)	1.1 : 1 (1.1 : 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.

2841 Brittan Avenue

• Pictured Above — Sale Price: $1,200,000. Original List Price: $1,225,000. Difference: $25,000 (2.0%) below original list. DOM: 12 Days under MLS # 80947494. Listed by Donna Chambers of Alain Pinel Realtors.

1550 Cedar Street

• Sale Price: $1,015,000. Original List Price: $1,075,000. Difference: $60,000 (5.6%) below original list. DOM: 29 Days under MLS # 80942823. Listed by Michael D'Ambra of Mid-Peninsula Realty.

151 Alberta Avenue

• Sale Price: $1,010,220. Original List Price: $999,928. Difference: $10,292 (1.0%) above original list. DOM: 23 Days under MLS # 80946192. Listed by Genella Williamson of Alain Pinel Realtors.

2056 Eucalyptus Avenue

• Sale Price: $925,000. Original List Price: $899,000. Difference: $26,000 (2.9%) above original list. DOM: 3 Days under MLS # 80949664. Listed by Justine Ford of RE/MAX Today.

347 Elm Street

• Sale Price: $875,000. Original List Price: $915,000. Difference: $40,000 (4.4%) below original list. DOM: 37 Days under MLS #80944057. Listed by Bob Bredel of RE/MAX Today.

2662 Thornhill Drive

• Sale Price: $855,000. Original List Price: $998,000. Difference: $143,000 (14.3%) below original list. DOM: 51 Days under MLS # 80939412. Listed by Michael D'Ambra of Mid-Peninsula Realty.

1667 Alameda de las Pulgas

• Sale Price: $835,000. Original List Price: $919,000. Difference: $84,000 (9.1%) below original list. DOM: 81 Days under MLS #80934459. Listed by Justine Ford of RE/MAX Today.

27 Exeter Avenue

• Sale Price: $749,000. Original List Price: $749,500. Difference:  $500 (0.0%) below original list. DOM: 17 Days under MLS #80941650. Listed by Karen Doherty of Doherty Realty Company.

39 Willow Glen Way

• Sale Price: $681,060. Original List Price: $688,655. Difference: $7,595 (1.1%) below original list. DOM: 22 Days under MLS #80945313. Listed by Michael Ames of Patriot Properties.

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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:

• 21 Anchor Lane, after 60 days on the market.
• 138 Queens Ct, after 159 days.
• 2043 Saint Francis Way, 13 days
• 1349 Brittan Ave, 3 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.

60 Hartford Avenue

• Pictured Above: $1,150,000 — 3BR/2BA, 1,570 sq ft on a 7,200 square foot lot. MLS# 80954516. Listed by John Shroyer of RE/MAX Today.

1349 Brittan Avenue

• $759,000— 3BR/2BA, 1,360 sq ft on a 4,880 square foot lot.  MLS# 80953734, listed by Ellen Mazzoni of Alain Pinel Realtors.  Already pending sale…

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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.)

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