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

October 10, 2010

Inventory Analysis.

Wow.  You could almost feel the brakes being applied on the market this week.  Only two new listings to see, and five homes went pending.  Much to the point I made last week about being more deliberate in their decisions — the three of the five homes that went into contract this week were on the market for over a month.  The fourth was on over 3 weeks.   And I don't think this is being caused by a lack of new inventory, because there has been a pretty good influx of new listings over the past few weeks. There are homes on that have hit the market in the past few weeks that would have sold in a flash in the spring — but they're still sitting.

It's still a little early in the fall season for things to slow down. Normally that happens in mid-November. It will be interesting to see what happens over the next week or two as to whether it's just a blip or the beginning of a bigger trend.

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 10/9. The previous week's stats are in parentheses:

Price Range Active Pending Ratio
< $1M 37 (40) 23 (21) 1.6 : 1 (1.9 : 1)
$1M –$1.5M 17 (18) 9 (8) 1.9 : 1 (2.3 : 1)
>$1.5M 9 (9) 1 (1) 9 : 1 (9 : 1)
Total 63 (67) 33 (30) 1.9 : 1 (2.2 : 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 address of each to see the complete details.

Address Sold Price Orig. List Difference DOM
150 Manor Drive $755,500 $749,9000 $5,600 (+0.7%) 167


Single-Family Homes Pending Sale in San Carlos:

The following homes went “Pending Sale” this week — click on the address or the MLS # of each for additional info:

Address DOM (days) MLS #
701 Cordilleras Avenue
6 81047830
286 Loma Road 44 81041644
3366 Melendy Drive 77 81036747
622 Alameda de las Pulgas
22 81043650
1368 Elm Street 37 81043296

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


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
232 Oakview Drive $1,225,000 3BR/2BA 1,900/7,000 Tim Kerns, Coldwell Banker
2056 Eucalyptus Avenue $979,000 3BR/2BA 1,390/5,000 John Shroyer, Today Sotheby's



(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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