The San Carlos Real Estate Week in Review: 8/8/10

Inventory Analysis

Buying activity remained strong this past week in San Carlos.   Of the 5 homes that went into contract,  3 of them were on the market for less than two weeks, and one of them had 7 offers!   Another occurrence that's starting to become more common?  All-cash, no-contingency offers.  Yep, even in this economy… There are some very serious buyers out there who are determined to live in San Carlos, so you'd better know your competition if you're out shopping for homes in San Carlos.

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 8/8. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	36 (35)	19 (20)	1.9 : 1 (1.8 : 1)
$1M –$1.5M	16 (20)	6 (6)	2.7 : 1 (3.3 : 1)
>$1.5M	13 (12)	1 (3)	13 : 1 (4.1 : 1)
Total	65 (67)	26 (29)	2.5 : 1 (2.3 : 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 MLS # to get all the details.

1951 Eucalyptus Avenue (pictured). Sale Price: $1,698,000. Original List Price: $1,698,000.  No difference from list.  Sold in 0 days. MLS# 81033162, listed by John Shroyer of RE/MAX Today.

724 Knoll Drive. Sale Price: $1,100,000. Original List Price: $1,295,000. Difference: $195,000 (15.1%) below original  list. Sold in 82 days.  MLS# 81017274, listed by Michael Bruno of Cal-West Realty.

17 Sunnydale Avenue. Sale Price: $940,000. Original List Price: $939,950. No difference from list: Sold in 42 days. MLS# 81030709, listed by Dave Blewett of Intero Real Estate Services.

201 Bayview Drive. Sale Price: $840,000. Original List Price: $899,000. Difference: $59,000 (6.6%) below original  list. Sold in 74 days.  MLS# 81019951, listed by Jill Newgren of David Lyng and Associates.

113 Rockridge Road. Sale Price: $820,000. Original List Price: $869,995. Difference: $49,995 (5.7%) below original list. Sold in 17 days. MLS# 81030689, listed by Bob Bredel of RE/MAX Today.

2713 Brittan Avenue. Sale Price: $826,000. Original List Price: $819,000. Difference: $7,000 (0.9%) above original list. Sold in 10 days. MLS# 81031731, listed by Stephen Barsanti of Alain Pinel Realtors.

43 Pine Avenue. Sale Price: $799,950. Original List Price: $985,000. Difference: $189,050 (19.2%) below original list. Sold in 125 days. MLS# 81011182, listed by Gerald Girouard of Girouard Properties.

(Click the “Homes Sold” button below see all of the homes that have sold in San Carlos in the past 3 months.)

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Single-Family Homes Pending Sale in San Carlos:

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

525 Emerald Avenue, after 56 days on the market. MLS# 81028081.
8 Dover Court, after 6 days. MLS# 81037548.
104 Baytree Road, 83 days. MLS# 81023930.
104 Windsor Drive, 11 days. MLS# 81036887.
167 Fairmont Avenue, 8 days. MLS# 81037751.

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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 MLS # of each home to get all the details.

442 De Anza Avenue (pictured): $1,450,000 — 4BR/2.5BA, 2,832 sq ft on a 7,425 square foot lot. MLS# 81038093. Listed by Marla Perego of Coldwell Banker.

817 Hemlock Street: $949,000 — 3BR/2BA, 2,210 sq ft on a 5,460 square foot lot. MLS# 81038984. Listed by Liza Vernazza of Coldwell Banker.

249 Alberta Avenue:  $895,890 — 2BR/1BA, 1,130 sq ft on a 4,400 square foot lot. MLS# 81038073. Listed by Genella Williamson of Alain Pinel Realtors.

261 Cedar Street:  $775,000 — 3BR/1BA, 980 sq ft on a 5,310 square foot lot. MLS# 81039012. Listed by Tatum Clarke of Intero Real Estate Services.

512 Prospect Street:  $581,400 — 2BR/1BA, 880 sq ft on a 6,450 square foot lot. MLS# 81038410. REO.  Listed by Michael Ames of Patriot Properties.

982 Holly Street:  $499,000 — 2BR/2BA, 1,180 sq ft on a 5,850 square foot lot. MLS# 81038664. Short Sale.  Listed by Claire Earley of Coldwell Banker.

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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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