The San Carlos Real Estate Week in Review: 10/30/10
October 31, 2010
Inventory Analysis.
If you were to only look at the table directly below, you'd swear it was another very quiet week for real estate transactions in San Carlos. After all, the numbers and ratios hardly changed from the previous week. But this is a perfect example of how one set of numbers can tell a completely different story from another, because it was busy this past week — at least by San Carlos standards: 11 new listings, and 8 homes went into contract. It definitely feels like the push is on to get inventory moving before the holidays, and getting a surge of new inventory is great news for buyers.
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 10/30. The previous week's stats are in parentheses:
| Price Range | Active | Pending | Ratio |
|---|---|---|---|
| < $1M | 37 (37) | 23 (24) | 1.6 : 1 (1.5 : 1) |
| $1M –$1.5M | 20 (18) | 10 (10) | 2.0 : 1 (1.8 : 1) |
| >$1.5M | 7 (8) | 1 (1) | 7 : 1 (8 : 1) |
| Total | 64 (63) | 34 (35) | 1.9 : 1 (1.8 : 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 |
|---|---|---|---|---|
| 1201 Cedar Street |
$1,142,573 | $1,188,800 | $46,227 (-3.9%) | 1 |
| 23 Elston Court |
$1,049,000 | $1,150,000 | $101,000 (-8.8%) | 91 |
| 182 Belvedere Avenue |
$977,500 | $975,000 | $2,500 (+0.3%) | 5 |
| 320 Chestnut Street |
$820,000 | $779,000 | $41,000 (+5.3%) | 6 |
| 43 Pine Avenue |
$799,950 | $799,950 | $0 (0.0%) | 30 |
| 1318 Geneva Avenue |
$725,000 | $725,000 | $0 (0.0%) | 15 |
| 990 McCue Avenue |
$650,000 | $649,000 | $1,000 (+0.2%) | 11 |
| 1012 Inverness Drive | $532,000 | $537,000 | $5,000 (-0.9%) | 16 |
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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 # of each for additional info:
| Address | DOM (days) | MLS # |
|---|---|---|
| 333 Clifton Avenue |
115 | 81037108 |
| 1190 Alameda de las Pulgas | 44 | 81045052 |
| 576 Dartmouth Avenue | 48 | 81049298 |
| 2600 Howard Avenue | 26 | 81048115 |
| 327 Fairfield Drive | 115 | 81033796 |
| 371 Fairfield Drive | 46 | 81050676 |
| 1316 Rosewood Avenue | 7 | 81051512 |
| 2631 Howard Avenue | 98 | 81036862 |
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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.
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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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