The San Carlos Real Estate Week in Review: 8/29/10

Inventory Analysis.

As August rolls to a close, it appears that the market is continuing its “mini-rally” from 2009.  When the numbers are tallied next week, it will likely show that just as many (or more) homes sold in August 2010 as there were in the same month in '09.  Certainly, every Realtor and escrow officer I spoke with agrees that it was one of the busier Augusts in recent memory.   And with the strong pending-sales figures that were racked up in August, we're already entering the fall market with much more momentum than we had last year.  It will remain to be seen how much the recent doom-and-gloom headlines on the economy will damper this enthusiasm..if at all.

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 8/29. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	36 (36)	19 (15)	1.9 : 1 (2.3 : 1)
$1M –$1.5M	14 (16)	7 (8)	2 : 1 (2 : 1)
>$1.5M	12 (11)	2 (3)	6 : 1 (3.7 : 1)
Total	62 (63)	28 (26)	2.2 : 1 (2.4 : 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.

181 Coventry Court (pictured). Sale Price: $1,600,000. Original List Price: $1,649,995. Difference: $49,995 (3.0%) below original list. Sold in 18 days. MLS# 81033622, listed by Bob Bredel of RE/MAX Today.

928 Heather Drive. Sale Price: $1,370,000. Original List Price: $1,495,000. Difference: $125,000 (8.4%) below original list. Sold in 32 days. MLS# 81031614, listed by Bob Bredel of RE/MAX Today.

82 Ensenada Road. Sale Price: $1,200,000. Original List Price: $1,150,000. Difference: $50,000 (4.3%) above original list. Sold in 9 days. MLS# 81036055, listed by Eliz Bianchini of Coldwell Banker.

158 Manor Drive. Sale Price: $992,000. Original List Price: $1,035,000. Difference: $43,000 (4.2%) below original list. Sold in 41 days. MLS# 81028961, listed by Carrie Du Bois of Coldwell Banker

 

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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:

1644 Belmont Avenue, after 70 days on the market. MLS# 81040502.
786 Cedar Street, after 22 days. MLS# 81038091.
990 McCue Avenue, 11 days. MLS# 81040345.
1125 Woodland Avenue, 5 days. MLS# 81041316
3341 Melendy Drive, 13 days. MLS# 81040328
870 Crestview Drive, 36 days. MLS# 81036696

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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.

1375 Orange Avenue (pictured): $1,550,000 — 4BR/3BA, 2,300 sq ft on a 7,000 square foot lot. MLS# 81042544. Listed by Bob Bredel of RE/MAX Today.

286 Loma Road: $1,075,000 — 3BR/2BA, 1,890 sq ft on a 8,265 square foot lot. MLS# 81041644. Listed by Sandi Paoli of RE/MAX Today.

128 Club Drive : $999,888 — 4BR/3.5BA, 2,890 sq ft on a 7,022 square foot lot. MLS# 81042722. Listed by Ronda O'Leary of Cashin Company.

43 Pine Avenue : $799,950 — 2BR/1.5BA, 1,390 sq ft on a 6,042 square foot lot. MLS# 81042736. Listed by Vince Scherba of Alain Pinel Realtors.

1983 Brittan Avenue : $765,000 — 2BR/1BA, 1,010 sq ft on a 4,400 square foot lot. MLS# 81041643. Listed by Syliva Merkadeau 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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