The San Carlos Real Estate Week in Review: 1/2/10

January 2, 2010

Inventory Analysis

Bring on the new year!  The final week of December is under our belt, and we're starting a new (and hopefully better) year.   When the numbers are totaled next week in the upcoming post “San Carlos Real Estate Report Card:  December '09”, you'll see that December '09 easily surpassed December '08 making it the fourth consecutive month of year-over-year improvement.    The key to starting 2010 off with a strong push will be the infusion of new inventory, so keep a close eye on new listings over the upcoming weeks.

Here's a snapshot of the San Carlos market, as of 1/2. The previous week's stats are in parentheses:

Price Range Active Pending Ratio
< $1M 10 (11) 10 (14) 1 : 1 (0.8 : 1)
$1M –$1.5M 9 (9) 4 (4) 2.3 : 1 (2.3 : 1)
>$1.5M 5 (5) 0 (0) N/A (N/A)
Total 24 (25) 14 (18) 1.7 : 1 (1.4 : 1)

Homes 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.

1925 Greenwood Avenue

  • PicturedSale Price: $1,030,000. Original List Price: $1,199,000. Difference: $169,000 (14.1%) below original list. DOM: 170 Days,  MLS #80924002.  Listed by Cy Rinck of Alain Pinel Realtors.

3005 Brittan Avenue

  • Sale Price: $900,000. Original List Price: $924,000. Difference: $24,000 (2.6%) below original list. DOM: 7 Days,  MLS #80952557.  Listed by Judi Matlack of Alain Pinel Realtors.

1349 Brittan Avenue

  • Sale Price: $750,000. Original List Price: $759,000. Difference: $9,000 (1.2%) below original list. DOM: 15 Days,  MLS #80953734.  Listed by Ellen Mazzoni of Alain Pinel Realtors.

776 Tamarack Avenue

  • Sale Price: $695,000. Original List Price: $719,950. Difference: $24,950 (3.5%) below original list. DOM: 44 Days,  MLS #80949686. Listed by Maxine Dumas of Dumas & Company.

146 Hillcrest Road

  • Sale Price: $675,000. Original List Price: $795,000. Difference: $120,000 (15.1%) below original list. DOM: 47 Days,  MLS #80946279. Listed by Mark Johnson of Coldwell Banker.

Homes Pending Sale in San Carlos:

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

  • 215 Timothy Drive, after 244 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.

417 Hillcrest Road

  • Pictured:  $1,249,900 — 3BR/2BA, 2,140 sq ft on a 7,440 square foot lot. MLS# 81000019. Listed by Bob Bredel of RE/MAX Today.

66 Wessex Way

  • $1,100,000 — 4BR/2BA, 1,880 sq ft on a 10,767 square foot lot. MLS# 80958277. Listed by Harold Kolivas of Century 21 Alliance.

——————————————————————————

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

———————————————

Posted in:

Leave a Comment