The San Carlos Real Estate Week in Review: 12/12/09

December 12, 2009

As expected, the pace of activity has dropped substantially this past week as the real estate season finally comes to a close.   With no significant surge in inventory to choose from, most of the buyers are packing it in and getting ready for the holidays.

Here's a snapshot of the San Carlos market, as of 12/12. The previous week's stats are in parentheses:

Price Range Active Pending Ratio
< $1M 15 (15) 15 (17) 1 : 1 (0.9 : 1)
$1M –$1.5M 8 (10) 6 (7) 1.3 : 1 (1.4 : 1)
>$1.5M 6 (8) 2 (2) 3 : 1 (4 : 1)
Total 29 (33) 23 (26) 1.3 : 1 (1.3 : 1)


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.

3481 La Mesa Drive

  • Pictured AboveSale Price: $1,139,500. Original List Price: $1,159,000. Difference: $19,500 (1.7%) below original list. DOM: 89 Days. (started out on the market at $1,249,000) MLS #80951772. Listed by Trish Ward of Intero Real Estate Services.

143 Ruby Avenue

  • Sale Price: $830,000. Original List Price: $899,000. Difference: $69,000 (7.7%) below original list. DOM: 60 Days. MLS#80943275,  listed by Susan Chong of Coldwell Banker.

1358 Geneva Avenue

  • Sale Price: $800,000. Original List Price: $839,000. Difference: $39,000 (4.6%) below original list. DOM: 19 Days. MLS # 80950428. Listed by Justine Ford of RE/MAX Today.

2056 Arroyo Avenue

  • Sale Price: $799,000. Original List Price: $800,000. Difference: $1,000 (0.1%) below original list. DOM: 3 Days. MLS# 80952587,  listed by Kathy and Colleen of Coldwell Banker


Homes Pending Sale in San Carlos

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

  • 1944 Eaton Ave, after 60 days on the market.

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.

700 Best Court

  • Pictured Above: $1,895,000 — 4BR/4BA, 4,040 sq ft on a 12,630 square foot lot. MLS# 80955077. Listed by John Shroyer of RE/MAX Today.

925 McCue Avenue

  • $595,000— 2BR/1BA, 920 sq ft on a 5,400 square foot lot. MLS# 80956480, listed by Mark Campana of Anchor Realty.

(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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  1. Michael on December 13, 2009 at 7:34 pm

    and as long as overpriced dumps are on the market with little or no new inventory, sales are very likely to dry up until next month. Every house has a buyer, but it’s a shame so many agents and/or clients are adverse to making improvements or properly lowering their prices in order to sell. I can hear them now, “if we just wait it out, I know we’ll get our price”.

    They may never learn…

  2. buyer on December 16, 2009 at 6:37 pm

    I agree, my wife and I are currently looking in San Carlos and Belmont. Seems like the only homes left are the ones that have been sitting due to unrealistic sellers. Many sellers need to get a clue when their property does not sell for weeks on end.

    As a buyer I anticipate a flurry of action on any decent, priced appropriately, family friendly homes that come to market in the next few weeks. If I had a hot listing ready to go I would list it now vs. waiting for the other inventory to hit in a few weeks.

  3. Chuck on December 16, 2009 at 7:03 pm

    As if you needed stats to back up your observation, there are only 28 single-family homes for sale right now in San Carlos. The average days on market for those 28? 150 days!! That’s 5 months.

    Regarding selling now vs waiting… No matter how quickly a home sells, it’s very intrusive when you sell a home over the holidays. Open houses, broker tour, private showings, inspections, etc… can add a ton of stress to the holiday season. That’s why most folks who don’t have it on the market by 12/1 opt to wait until early January.

    On that note, I have an incredible 3BR/2BA home in White Oaks that will be coming on the market on Jan 4 — more info to follow as we get closer to the date.

    Thanks for your comments…

  4. Michael on December 17, 2009 at 5:22 pm

    and how any of these overpriced homes would even qualify for a loan is beyond me if they get an appraisal anything like we just got for our refi…$1,080,000 for our 2400 sf 3/2.5, 8200 sf bay view lot, custom home built in 1985. Even the comps they used made almost no sense (including your sale at 465 Dartmouth Chuck) With the smaller house on Frances closing at over 1.2 M, they did not even use that as a comp. They did use an active listing that has not even sold yet; is that possible?

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