The San Carlos Real Estate Week in Review: 3/13/10

March 14, 2010

Inventory Analysis

Has Spring finally sprung? If this past week is an indication, we're starting to come out of our winter hibernation. 9 new single-family listings hit the market this past week — 6 of them are 3BR/2BA configurations, which seem to be in the most demand right now in San Carlos. Taking into account the 4 homes that went into contract this week, this surge of new listings pushed the inventory up to 34 total homes for sale in San Carlos – still well below average, but a good sign for buyers nonetheless.

If you're interested in any of these new listings, be sure to visit one of the open houses being held this weekend. Chances are some of them won't be around next weekend!

Here's a snapshot of the San Carlos single family home market, as of 3/13. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	21 (18)	22 (24)	0.95 : 1 (0.8 : 1)
$1M –$1.5M	7 (5)	8 (7)	0.9 : 1 (0.7 : 1)
>$1.5M	7 (6)	2 (2)	3.5 : 1 (3 : 1)
Total	35 (29)	32 (33)	1.1 : 1 (0.88 : 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.

2705 Eaton Avenue

Pictured. Sale Price: $1,025,000. Original List Price: $1,149,000. Difference: $124,000 (10.8%) below original list. DOM: 163 Days, MLS #80939185. Listed by Valerie Trenter of Coldwell Banker.

2904 Eaton Avenue

Sale Price: $1,110,000. Original List Price: $1,125,000. Difference: $15,000 (1.3%) below original list. DOM: 0 Days, MLS #81010821. Listed by Laura Bertolacci of RE/MAX Today. Appears to have sold off-market.

2417 Melendy Drive

Sale Price: $915,000. Original List Price: $900,000. Difference: $15,000 (1.7%) above original list. DOM: 10 Days, MLS #81004196. Listed by Robin Wrigley of Alain Pinel Realtors.

112 Northam Avenue

Sale Price: $865,000. Original List Price: $989,000. Difference: $124,000 (12.5%) below original list. DOM: 185 Days, MLS #80939365. Listed by Judy Litteer of Prudential California Realty.

1636 Greenwood Avenue

Sale Price: $799,999. Original List Price: $819,000. Difference: $19,001 (2.3%) below original list. DOM: 8 Days, MLS #81004510. Listed by Genella Williamson of Alain Pinel Realtors.

341 Laurel Street

Sale Price: $725,000. Original List Price: $779,000. Difference: $54,000 (6.9%) below original list. DOM: 237 Days, MLS #80913571. Listed by Dean Asborno of Alain Pinel Realtors.

331 Fairfield Drive

Sale Price: $660,100. Original List Price: $649,900. Difference: $10,200 (1.6%) above original list. DOM: 8 Days, MLS #81004274. Bank-owned property – Listed by Erick Crawford of Access Real Estate Services.

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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:

49 Fay Avenue, after 158 days on the market.
434 Hill Way, after 186 days.
715 Tamarack Ave, 6 days.
124 Plymouth Ave, 7 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.

112 Wildwood Avenue

Pictured: $1,685,000 — 4BR/3.5BA, 2,900 sq ft on a 6,490 square foot lot. MLS# 81010779. Listed by Michael Costello of Costello Realty.

10 Granite Court

$1,385,000 — 3BR/2BA, 2,050 sq ft on a 7,080 square foot lot. MLS# 81011767. Listed by Kay Swen of Alain Pinel Realtors. This was on the market last year, so it's technically not a “new” listing. But it's inventory, and we need it.

126 Frances Lane

$1,150,000 — 4BR/2.5BA, 1,910 sq ft on a 9,580 square foot lot. MLS# 81011994. Listed by Greg Celotti of Alain Pinel Realtors.

15 Madera Avenue

$1,095,000 — 4BR/3.5BA, 2,790 sq ft on a 9,000 square foot lot. MLS# 81011752. Listed by John Shroyer of RE/MAX Today. Was also on the market last year, but under a different brokerage.

1423 Cordilleras Avenue

$989,516 — 3BR/2BA, 1,620 sq ft on a 4,400 square foot lot. MLS# 81011632. Listed by Nancy Palmer of Alain Pinel Realtors.

908 Rosewood Avenue

$988,000 — 3BR/2BA, 1,500 sq ft on a 6,000 square foot lot. MLS# 81011617. Listed by Len Moore of Vilmont Investment Properties.

172 Lyndhurst Avenue

$899,888 — 3BR/2BA, 1,660 sq ft on a 7,425 square foot lot. MLS# 81011712. Listed by Carole Rodinsky of Alain Pinel Realtors.

1100 Walnut Street

$899,000 — 3BR/2BA, 1,360 sq ft on a 4,880 square foot lot. MLS# 81011883. Listed by Harriet Ham of RE/MAX Today.

388 De Anza Avenue

$899,000 — 3BR/2BA, 1,470 sq ft on a 5,450 square foot lot. MLS# 81011710. Listed by Shirley Kraus of Intero Real .

1239 Elm Street

$795,000 — 2BR/1BA, 1,039 sq ft on a 4,690 square foot lot. MLS# 81010749. Listed by Kyra Gebhardt Nelson of Alain Pinel Realtors.

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