The San Carlos Real Estate Week in Review: 6/26/10

Inventory Analysis

A big surge of 16 new listings this past week pushed our inventory of homes for sale almost to almost 70.  We haven't seen that number in quite a while, and should bring some welcome relief to home buyers.   Will that spell the end of multiple offers?  I doubt it!   There are several new listing below that I bet will see some fierce competition before they go into contract.

Another interesting note is over half of the homes that came on the market this week were priced over $1,000,000 — and of the 69 homes for sale on the market in San Carlos, 43% of them are priced above the $1M mark.  This bucks the trend for much of the year that saw the homes in the sub-$1M segment simply dominating the inventory.    Prices are indeed rising, and bigger homes are coming on the market.

Open House

If you're looking at open houses this weekend in San Carlos here's the only link you'll need: The San Carlos Open House Page. With one click, you get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.

Here's a snapshot of the San Carlos single family home market, as of 6/26. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	39 (36)	23 (22)	1.7 : 1 (1.6 : 1)
$1M –$1.5M	20 (16)	8 (8)	2.5 : 1 (2.0 : 1)
>$1.5M	10 (8)	3 (3)	3.3 : 1 (2.7 : 1)
Total	69 (60)	34 (33)	2.0 : 1 (1.8 : 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.

875 Sunset Drive

• Pictured — Sale Price: $1,075,000. Original List Price: $1,149,000. Difference: $74,000 (6.4%) below original list. Sold in 32 days. MLS# 81019959, listed by Sam Anagnostou of Anagnostou Properties.

27 Pepper Lane

• Sale Price: $870,000. Original List Price: $849,000. Difference: $21,000 (2.5%) above original list. Sold in 6 days. MLS# 81025551, listed by Lisa Susnow of Coldwell Banker.

950 Elm Street

• Sale Price: $850,000. Original List Price: $799,000. Difference: $51,000 (6.4%) above original list. Sold in 11 days. MLS# 81022667, listed by Trish Ward of Intero Real Estate Services.

212 Park Avenue

• Sale Price: $750,000. Original List Price: $769,000. Difference: $19,000 (2.5%) below original list. Sold in 16 days. MLS# 81022933, listed by Leila Sisneros of RE/MAX Today.

2667 San Carlos Avenue

• Sale Price: $720,000. Original List Price: $699,000. Difference: $21,000 (3.0%) above original list. Sold in 11 days. MLS# 81021243, listed by Laura Bertolacci 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:

• 201 Aberdeen Drive, after 208 days on the market.
• 1067 Hewitt Drive, after 18 days.
• 2073 Eaton Avenue,  9 days.
• 81 Chestnut Street, 7 days.
• 735 Orange Avenue, 10 days.
• 1528 Saint Francis Way, 4 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.

59 Hilltop Drive

• Pictured: $1,889,000 — 5BR/2+2BA, 2,750 sq ft on a 12,800 square foot lot. MLS# 81031455. Listed by Gil Romero of Cashin Company

129 Vista del Grande

• $1,650,000 — 4BR/3BA, 2,930 sq ft on a 10,050 square foot lot. MLS# 81030407. Listed by Josephine Lipka of Prudential California Realty.

364 Devonshire Boulevard

• $1,595,000 — 4BR/2.5BA, 2,798 sq ft on a 30,500 square foot lot. MLS# 81030713. Listed by David Young of Coldwell Banker.

1881 Carmelita Drive

• $1,499,000 — 3BR/2.5BA, 2,880 sq ft on a 19,800 square foot lot. MLS# 81031911. Listed by Susan Dickey of Alain Pinel Realtors.

928 Heather Drive

• $1,495,000 — 4BR/3BA, 2,510 sq ft on a 8,191 square foot lot. MLS# 81031614. Listed by Bob Bredel of RE/MAX Today.

10 Loma Lane

• $1,218,000 — 4BR/3BA, 2,940 sq ft on a 10,800 square foot lot. MLS#81030734 . Listed by Debbie Lorell of Cashin Company.

208 Crestview Drive

• $1,178,000 — 4BR/3BA, 2,500 sq ft on a 9,440 square foot lot. MLS# 81031646 . Listed by Val Vandervort of Coldwell Banker.

152 Plymouth Avenue

• $1,175,000 — 4BR/2.5BA, 1,813 sq ft on a 4,731 square foot lot. MLS# 81030644. Listed by Christina Carrier of Green Valley Properties.

517 Vista Avenue

• $1,150,000 — 4BR/2BA, 1,880 sq ft on a 5,600 square foot lot. MLS# 81031877. Listed by Robert Tuhacek of Clarion Enterprises

231 Kelton Avenue

• $949,000 — 3BR/2BA, 1,540 sq ft on a 5,750 square foot lot. MLS# 81031765. Listed by Wendy Suter of Prudential California Realty.

17 Sunnydale Avenue

• $939,950 — 3BR/2BA, 1,530 sq ft on a 6,000 square foot lot. MLS#81030709. Listed by Dave Blewett of Intero Real Estate Services.   Back on the market under a different brokerage.

46 Vine Street

• $925,000 — 4BR/2BA, 1,180 sq ft on a 8,140 square foot lot. MLS# 81030797. Listed by Wendy Parker of CONima

113 Rockridge Road

• $869,995 — 3BR/2BA, 1,440 sq ft on a 5,512 square foot lot. MLS# 81030689. Listed by Bob Bredel of RE/MAX Today.

2713 Brittan Avenue

• $819,000 — 4BR/2BA, 2,450 sq ft on a 8,260 square foot lot. MLS# 81031731. Listed by Stephen Barsanti of  Alain Pinel Realtors.

1966 Saint Francis Way

• $715,000 — 2BR/1BA, 1,270 sq ft on a 5,500 square foot lot. MLS# 81031730. Listed by David Young of Coldwell Banker.

1528 Saint Francis Way

• $649,950 — 2BR/1BA, 870 sq ft on a 6,325 square foot lot. MLS# 81030740. Listed by Maxine Dumas of Dumas & Company.  Already pending sale!

(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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