The San Carlos Real Estate Week in Review: 3/27/10

March 27, 2010

Inventory Analysis

We saw a considerable surge in new listings in the $1M-$1.5M range this past week, as no fewer than 5 listings in that range came on the market.  This has been an interesting segment to watch recently, since buyers in this range can still utilize the extended conforming loan of up to $729,750 – but doing so requires a much larger down payment.  That hasn't seemed to deter many buyers.  The other factor that helps this segment is that jumbo loans (those in excess of $729,750) are becoming easier to get.

Be sure to visit the San Carlos Open House Page to get a complete list of which homes will be open this weekend.

Here's a snapshot of the San Carlos single family home market, as of 3/27. The previous week's stats are in parentheses:

Price Range Active Pending Ratio
< $1M 22 (21) 24 (25) 0.92 : 1 (0.84 : 1)
$1M –$1.5M 14 (9) 5 (6) 2.8 : 1 (1.5 : 1)
>$1.5M 6 (6) 2 (2) 3 : 1 (3.1 : 1)
Total 42 (36) 31 (33) 1.4 : 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.

26 Beverly Drive

  • Pictured. Sale Price: $1,300,000. Original List Price: $1,249,000. Difference: $51,000 (4.1%) above original list. DOM: 5 Days, MLS #81006807. Listed by Terri Kerwin of Kerwin & Associates.

15 Arch Lane

  • Sale Price: $939,300. Original List Price: $949,000. Difference: $9,700 (1.0%) below original list. DOM: 11 Days, MLS #81005509.  Listed by Quetzal and Diane of Alain Pinel Realtors.

350 Oakview Drive

  • Sale Price: $859,000. Original List Price: $859,000. No Difference – DOM: 5 Days, MLS #81007795. Listed by Lizbeth Rhodes of  Alain Pinel Realtors.

117 Beverly Drive

  • Sale Price: $848,000. Original List Price: $848,000. No Difference – DOM: 12 Days, MLS #81006378. Listed by Greg St. Clair of  Mid-Peninsula Realty.

159 Ruby Avenue

  • Sale Price: $818,000. Original List Price: $799,000. Difference: $19,000 (2.4%) above original list. DOM: 5 Days, MLS #81006548. Listed by Justine Ford of RE/MAX Today.

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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:

  • 2004 San Carlos Avenue, after only 4 days on the market.
  • 216 Highland Avenue, after 62 days.
  • 172 Lyndhurst Avenue, 14 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.

2238 Carmelita Drive

  • Pictured: $1,465,000 — 5BR/4BA, 3,700 sq ft on a 7,800 square foot lot.  MLS# 81013566. Listed by Laura Bertolacci of RE/MAX Today.

2529 Graceland Avenue

  • $1,395,000 — 4BR/3.5BA, 3,150 sq ft on a 18,200 square foot lot. MLS# 81013522. Listed by Janet Davis of Hometown Realty .

782 Crestview Drive

  • $1,388,000 — 3BR/2BA,  2,104 sq ft on a 22,583 square foot lot. MLS# 81013573. Listed by John James of Alain Pinel Realtors.

184 Cedar Street

  • $1,098,000 — 3BR/2BA, 1,970 sq ft on a 6,090 square foot lot. MLS# 81013584. Listed by Eda Diridon of Carlmont Associates.

121 Exeter Avenue

  • $1,069,000 — 3BR/2.5BA, 2,460 sq ft on a 7,800 square foot lot. MLS# 81013587. Listed by Eddie Azzopardi of Realty World.

2102 Saint Francis Way

  • $825,000 — 3BR/1.5BA, 1,360 sq ft on a 5,100 square foot lot. MLS# 81014636. Listed by David Young of Coldwell Banker.

2625 Thornhill Drive

  • $809,000 — 3BR/2.5BA, 1,680 sq ft on a 5,800 square foot lot. MLS# 81013570. Listed by Laura Bertolacci of RE/MAX Today.

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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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