The San Carlos Real Estate Week in Review: 2/27/10

Inventory Analysis

Not only did inventory remain low this week — it actually dropped again, as pending sales outpaced new listings.  Once again, we're below 30 homes for sale in all of San Carlos.  Interesting to note that those 29 homes that are on the market have been there for an average of 83 days — so while some homes are moving quickly, not all of them are.

Here's a snapshot of the San Carlos single family home market, as of 2/27. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	16 (17)	22 (22)	0.7 : 1 (0.8 : 1)
$1M –$1.5M	7 (8)	7 (6)	1 : 1 (1.3 : 1)
>$1.5M	6 (7)	1 (0)	6 : 1 (N/A)
Total	29 (32)	30 (23)	0.97 : 1 (1.1 : 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.

1944 Eaton Avenue

• Sale Price: $985,000. Original List Price: $959,000. Difference: $26,000 (2.7%) above original list. DOM: 63 Days, MLS #80955638. Listed by Dan Robinson of RE/MAX Today.

15 Buckland Court

• Sale Price: $905,000. Original List Price: $978,000. Difference: $73,000 (7.5%) below original list. DOM: 34 Days, MLS #80937501. Listed by Raquel Nikravesh.

1101 Orange Avenue

• Sale Price: $790,000. Original List Price: $779,000. Difference: $11,000 (1.4%) above original list. DOM: 2 Days, MLS #81004505. Listed by Dan Robinson of RE/MAX Today.

1357 Rosewood Avenue

• Sale Price: $738,000. Original List Price: $738,000. Difference: $0 (0.0%) from original list. DOM: 65 Days, MLS #80957836. Listed by Leonard Bialer of Bialer & Associates.

Single-Family Homes Pending Sale in San Carlos:

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

• 60 Harford Avenue, after 94 days on the market.
• 309 Old County Road, after 28 days.
• 117 Beverly Drive, 12 days.
• 700 Best Court, 76 days.
• 350 Oakview Drive, 5 days.
• 120 Palm Avenue, 11 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.

324 Oakview Drive

• Pictured: $1,295,000 — 4BR/3.5BA, 3,490 sq ft on a 6,375 square foot lot. MLS# 81008746. Listed by Bob Bredel of RE/MAX Today.

885 Sunset Drive

• $999,999 — 4BR/3BA, 2,600 sq ft on a 8,100 square foot lot. MLS# 81008742. Listed by Mahin Adeeb of Intero Real Estate Services.

11 Willow Glen Way

• $899,000 — 3BR/2BA, 1,280 sq ft on a 4,482 square foot lot. MLS# 81009007. Listed by Regan Byers-Cinelli of Cashin Company.

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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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