The San Carlos Real Estate Week in Review: 2/13/10

February 14, 2010

Inventory Analysis

Finally, a significant surge in inventory — and what do you know….it's the week after the Super Bowl!   This week's surge was the biggest one-week increase that we have seen in new listings for months, and it didn't take very long for some of these to sell.   This is great news for buyers, but multiple offers are still happening, and prices are being driven over list price .   This is a strong indication that there's still no balance in this market.

Here's a snapshot of the San Carlos single family home market, as of 2/13. The previous week's stats are in parentheses:

Price Range Active Pending Ratio
< $1M 19 (15) 18 (20) 1.1 : 1 (0.8 : 1)
$1M –$1.5M 9 (7) 5 (4) 1.8 : 1 (1.8 : 1)
>$1.5M 7 (7) 0 (0) N/A (N/A)
Total 35 (29) 23 (24) 1.5 : 1 (1.2 : 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.

417 Hillcrest Road

  • Sale Price: $1,230,000. Original List Price: $1,249,900. Difference: $19,900 (1.6%) below original list. DOM: 10 Days, MLS #81000019. Listed by Bob Bredel of RE/MAX Today.

1805 White Oak Way

  • Sale Price: $900,000. Original List Price: $969,000. Difference: $69,000 (7.1%) below original list. DOM: 194 Days, MLS #81000950. Listed by John Shroyer of RE/MAX Today.

925 McCue Avenue

  • Sale Price: $577,500. Original List Price: $595,000. Difference: $17,500 (2.9%) below original list. DOM: 12 Days, MLS #80956480. Listed by Mark Campana of Anchor Realty.

1651 Alameda de las Pulgas

  • Sale Price: $470,000. Original List Price: $519,900. Difference: $49,900 (9.6%) below original list. DOM: 377 Days, MLS #80955030. Listed by Maureen Connor of Equity Capital.

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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:

  • 2417 Melendy Dr, after 10 days on the market.
  • 1636 Greenwood Ave, after 8 days.
  • 2230 Carmelita Drive, 14 days
  • 105 Wilshire Ct, 90 days.
  • 813 Tamarack Ave, 8 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.

1392 Cedar Street

  • $1,279,950 — 3BR/3BA, 2,030 sq ft on a 7,000 square foot lot. MLS# 81006552. Listed by Eric Berggren of Intero Real Estate Services.

26 Beverly Drive

  • $1,249,000 — 3BR/2.5BA, 1,828 sq ft on a 6,300 square foot lot. MLS# 81006807. Listed by Terri Kerwin of Kerwin & Associates.

8 Dover Court

  • $1,098,000 — 3BR/2BA, 2,318 sq ft on a 6,534 square foot lot. MLS# 81006637. Listed by Philip Watson of Prudential California Realty.

203 Exeter Avenue

  • $1,025,000 — 3BR/2.5BA, 2,007 sq ft on a 8,750 square foot lot. MLS#81005675. Listed by Geoffrey Nelson of McGuire Real Estate.

142 Wildwood Avenue

  • $868,000 — 3BR/2BA, 1,720 sq ft on a 6,000 square foot lot. MLS#81005651. Listed by Liliane Cools of Cashin Company.

2130 Eaton Avenue

  • $849,900 — 2BR/1BA, 1,640 sq ft on a 7,700 square foot lot. MLS#81006488. Listed by Mark Scafine of SC Properties.

117 Beverly Drive

  • $848,000 — 4BR/3BA, 2,180 sq ft on a 6,700 square foot lot. MLS#81006378. Listed by Greg St Clair of Mid-Peninsula Realty.

364 De Anza Avenue

  • $825,000 — 3BR/1.5BA, 1,170 sq ft on a 5,450 square foot lot. MLS#81005656. Listed by Susie Dews of Coldwell Banker.

159 Ruby Avenue

  • $799,000 — 3BR/1BA, 1,250 sq ft on a 4,400 square foot lot. MLS# 81006548. Listed by Justine Ford of RE/MAX Today.

120 Palm Ave

  • $750,000 — 3BR/2BA, 1,560 sq ft on a 4,356 square foot lot. MLS# 81006601. Listed by Richard Ochsenhirt of Prudential California 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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