The San Carlos Real Estate Week in Review: 9/18/10

Inventory Analysis.

For the second consecutive week, there was a strong surge of new listings in the San Carlos market.  For a short time, this pushed the inventory up to 70 homes for sale, which is a watermark that we haven't seen in awhile.   Great news for buyers, not so good for sellers.  But the good news is that buyers are still out in force, and are chipping away at the inventory.  6 homes went into contract during the week — 2 of them were gone the same day they hit the market (hey, it's San Carlos after all.)

And it still seems like everyone is still looking for a clean 3BR/2BA in the flats.  Some things you can just count on!

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 9/18. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	43 (39)	22 (21)	1.95 : 1 (1.9 : 1)
$1M –$1.5M	15 (16)	5 (4)	3 : 1 (4 : 1)
>$1.5M	10 (9)	3 (3)	3.3 : 1 (3.1 : 1)
Total	68 (64)	30 (28)	2.3 : 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 address or MLS # to get all the details.

215 Exeter Avenue. (Pictured) Sale Price: $1,165,000. Original List Price: $1,148,900. Difference: $16,100 (1.4%) above original list. Sold in 13 days. MLS# 81037996, listed by Vicki Barbaria of RE/MAX Star Properties.

786 Cedar Street. Sale Price: $848,000. Original List Price: $875,999. Difference: $27,999 (3.2%) below original list. Sold in 22 days. MLS# 81038091, listed by Trish McCoy of Alain Pinel Realtors.

1455 Alameda de las Pulgas. Sale Price: $540,000. Original List Price: $650,000. Difference: $110,000 (16.9%) below original list. Sold in 68 days. MLS# 81028037, listed by Mary Yeargain of Alain Pinel Realtors.

___________________________________________________________________

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:

43 Pine Avenue, after 14 days on the market. MLS# 81042736.

3101 Melendy Drive, after 1 day. MLS# 81045017.

23 Elston Court, 91 days.  MLS# 81030262.

2428 San Carlos Avenue, 50 days. MLS# 81037370.

2024 Birch Avenue, 9 days. MLS# 81044923.

2063 Alma Street, 1 day. MLS# 81046128.

___________________________________________________________________

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.

228 Queens Court (pictured): $3,200,000 — 5BR/4.5BA, 5,530 sq ft on a 22,750 square foot lot. MLS# 81045124. Listed by Eddie Azzopardi of Realty World Homesellers.

343 De Anza Avenue: $1,450,000 — 5BR/3.5BA, 2,610 sq ft on a 12,000 square foot lot. MLS# 81045979. Listed by Laura Bertolacci of RE/MAX Today.

3101 Melendy Drive: $1,198,000 — 3BR/2BA, 2,080 sq ft on a 10,800 square foot lot. MLS# 81045017. Listed by Jo Ann Lim of RE/MAX Star Properties.  Already pending sale!

2063 Alma Street:  $950,000 — 3BR/2BA, 1,830 sq ft on a 7,405 square foot lot. MLS# 81046128. Listed by Claire Earley of Coldwell Banker.  Already pending sale.

89 Ensenada Road: $829,000 — 3BR/2BA, 1,690 sq ft on a 9,880 square foot lot. MLS# 81045668. Listed by Rashaan Dean of In House Industries Inc.

320 Chestnut Street: $779,000 — 3BR/2BA, 1,560 sq ft on a 7,810 square foot lot. MLS# 81046124. Listed by Phillip Watson of Prudential California Realty.

1190 Alameda de las Pulgas: $749,000 — 2BR/1BA, 1,010 sq ft on a 5,336 square foot lot. MLS# 81045052. Listed by Trish Ward of Intero Real Estate Services.

1016 Cherry Street: $679,000 — 3BR/1BA, 1,350 sq ft on a 5,000 square foot lot. MLS# 81045097. Listed by Stephen Hicks of Gateway Properties.

371 Fairfield Drive: $595,000 — 2BR/1BA, 820 sq ft on a 8,800 square foot lot. MLS# 81045122. Listed by John Shroyer of RE/MAX Today.

___________________________________________________________________

(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

———————————————