The San Carlos Real Estate Week in Review: 9/25/10

Inventory Analysis.

There's a bit of a format change in this week's report.  I began to notice that after weeks where there was lots of sales and pending activity, this post got quite loooooong and somewhat difficult to read.  So I spent some time tinkering with the format this week with the intent of making it a bit more brief and concise.  Let me know what you think of the new look.   On that note, if there's anything you would like to see added/deleted/changed in this report, just email me and let me know.    This is far and away the most read post on the site each week, so it's your report — just let me know how you want it 😉

On the inventory front, much of the same.   Homes in the lower price ranges are still getting snapped up at a brisk pace.  Half of the homes that went into contract this past week were below the $800,000 price point, and they all were gone in about 2 weeks or less.   There's still strong competition in this segment of the San Carlos 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 9/25. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	40 (43)	21 (22)	1.9 : 1 (1.95 : 1)
$1M –$1.5M	13 (15)	8 (5)	1.6 : 1 (3 : 1)
>$1.5M	11 (10)	2 (3)	5.5 : 1 (3.3 : 1)
Total	64 (68)	31 (30)	2.1 : 1 (2.3 : 1)

Single-Family Homes Sold in San Carlos:

Below is a list of the single-family homes that sold this past week in San Carlos. Click on the each address to see the complete details.

Address	Sold Price	Orig. List	Difference	DOM
700 Best Court	$1,580,000	$1,698,000	$118,000 (-6.9%)	248
1125 Woodland Avenue	$980,000	$970,000	$10,000 (1.0%)	5
2135 Saint Francis Way	$885,000	$899,000	$14,000 (-1.6%)	108
139 Rockridge Road	$789,000	$824,995	$35,995 (-4.4%)	70
184 Sycamore Street	$673,100	$689,000	$15,900 (-2.3%)	12
2683 San Carlos Ave	$555,000	$559,000	$4,000 (-0.7%)	23

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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:

Address	DOM (days)	MLS #
1012 Inverness Drive	16	81043635
512 Prospect Street	48	81038410
1710 Walnut Street	10	81044763
10 Loma Lane	95	81030734
320 Chestnut Street	6	81046124
226 Sycamore Street	76	81034032
622 Alameda de las Pulgas	22	81043650
2625 Thornhill Drive	187	81034570

 

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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 the complete details.

Address	List Price	BR/BA	Sq Ft (home/lot)	Listed By
192 Dartmouth Avenue	$1,299,888	4BR/2.5BA	2,110/9,000	George Chopoff, RE/MAX Star
210 Manor Drive	$839,000	4BR/2BA	1,700/6,100	Greg Booth, NetEquity
218 Alberta Avenue	$799,995	2BR/1BA	1,100/4,480	Bob Bredel, RE/MAX Today
1035 Inverness Drive	$499,950	3BR/2BA	1,270/5,000	Rose Hocker, Intero

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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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