The San Carlos Real Estate Week in Review: 9/4/10

Inventory Analysis.

Almost more noteworthy than what did happen this week was what didn't happen.   7 different listings were either canceled, withdrawn, or had their listing dates expire.     Is this abnormally high number just a fluky coincidence, or perhaps a sign that things might be slowing down a bit in San Carlos?  Digging  little deeper into the numbers, it seems like the coincidence theory wins out.  The average days on market of those 7 listings was over 97 days, and for a couple of those homes this was second or third run at the market.  So in reality the number is higher.   A little respite from the market may be in order for a few of these homes.  But you need to look no further than the pending sales from this week — 1375 Orange and 182 Belvedere were snapped up in less than a week — for proof that the for right homes,  the market in San Carlos isn't letting up a bit…

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 9/4. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	36 (36)	18 (19)	2.0 : 1 (1.9 : 1)
$1M –$1.5M	14 (14)	6 (7)	2.3 : 1 (2 : 1)
>$1.5M	10 (12)	3 (2)	6 : 1 (6 : 1)
Total	60 (62)	27 (28)	2.2 : 1 (2.2 : 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 address or MLS # to get all the details.

1412 Howard Avenue (pictured). Sale Price: $850,000. Original List Price: $850,000. No Difference: Sold in 27 days. MLS# 81032727, listed by Chuck Gillooley of Alain Pinel Realtors.

201 Emerald Avenue.   Sale Price: $1,395,000. Original List Price: $1,468,000. Difference: $73,000 (5.0%) below original list. Sold in 10 days. MLS# 81037608, listed by David Young of Coldwell Banker.

3341 Melendy Drive. Sale Price: $1,061,000. Original List Price: $980,000. Difference: $81,000 (8.3%) above original list.  Sold in 13 days. MLS# 81040328, listed by Laura Bertolacci of RE/MAX Today.

525 Emerald Avenue. Sale Price: $890,000. Original List Price: $929,000. Difference: $39,000 (4.2%) below original list.  Sold in 56 days. MLS# 81028081, listed by John Shroyer of RE/MAX Today.

1051 Springfield Drive.  Sale Price: $560,000. Original List Price: $599,000. Difference: $39,000 (6.5%) below original list.  Sold in 52 days. MLS# 81027684, listed by Dickson Sum of JODI Group.

(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 address or the MLS # for more info:

2125 Brittan Avenue, after 17 days on the market. MLS# 81040178.

1375 Orange Avenue, after 6 days. MLS# 81042544.

150 Manor Drive, 167 days. MLS# 81040241.

182 Belvedere Avenue, 5 days. MLS# 81042816.

(Click the “Homes Pending Sale” button below to see ALL the homes that are Pending Sale in San Carlos.)

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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 or MLS # of each home to get all the details.

202 Timothy Drive (pictured): $1,299,000 — 4BR/2.5BA, 2,350 sq ft on a 7,644 square foot lot. MLS# 81043622. Listed by Melanie Smith of Coldwell Banker.

760 Crestview Drive: $1,425,000 — 3BR/2.5BA, 3,060 sq ft on a 10,500 square foot lot. MLS# 81043737. Listed by Dante Razzini of Dolphin Real Estate.

182 Belvedere Avenue: $975,000 — 3BR/2.5BA, 1,510 sq ft on a 6,380 square foot lot. MLS# 81042816. Listed by David Matsu of Marshall Realty.  Already pending sale…

1368 Elm Street: $899,000 — 2BR/1.5BA, 1,349 sq ft on a 3,680 square foot lot. MLS# 81043296. Listed by Jackie Cockreham of RE/MAX Today.

622 Alameda de las Pulgas: $849,000 — 2BR/1.5BA, 2,190 sq ft on a 7,440 square foot lot. MLS# 81043650. Listed by Julie Vejmola of Coldwell Banker.

1012 Inverness Drive: $537,000 — 2BR/1BA, 820 sq ft on a 5,000 square foot lot. MLS# 81043635. 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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