The San Carlos Real Estate Week in Review: 1/16/10

Inventory Analysis

Lack of new inventory continues to hamstring the recovery of the real estate market in San Carlos.    Despite all of the activity below, the number of active listings only oscillated between 24-28 this week.   There are still far more interested buyers than there are homes to choose from, so we'll remain in an inventory shortage situation for the upcoming weeks.  That's good news for sellers.

Here's a snapshot of the San Carlos single family home market, as of 1/16. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	11 (13)	13 (9)	0.8 : 1 (1.4 : 1)
$1M –$1.5M	7 (9)	3 (2)	2.3 : 1 (4.5 : 1)
>$1.5M	7 (6)	0 (0)	N/A (N/A)
Total	25 (28)	16 (11)	1.6 : 1 (2.5 : 1)

Single-Family Homes Sold in San Carlos:

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

There were no single family homes that closed escrow this past week in San Carlos….

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Single-Family Homes Pending Sale in San Carlos:

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

• 184 Sycamore St, after 61 days on the market.
• 1805 White Oak Way, after 184 days.
• 1357 Rosewood Ave, 21 days.
• 417 Hillcrest Rd, 10 days.
• 988 Holly Street, 6 days

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New Single-Family Home 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.

149 Crestview Drive

• Pictured: $1,595,000 — 5BR/4.5BA, 3,030 sq ft on a 8,400 square foot lot. MLS# 81001230. Listed by Adele Della-Santina of Cashin Company.

2457 Melendy Drive

• $959,000 — 4BR/3BA, 2,050 sq ft on a 8,136 square foot lot. MLS# 81002163. Listed by Brett Jennings of Intero Real Estate Services.  This one is listed as a short sale.

724 Tamarack Avenue

• $868,000 — 3BR/2.5BA, 2,070 sq ft on a 7,300 square foot lot. MLS# 81002018. Listed by David Young 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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