The San Carlos Real Estate Week in Review: 12/11/10

Summary.

You can feel the brakes being applied to the sled as we get closer to the holidays.   A number of listings were canceled this week, presumably to take the home off the market for the holidays.   It can be a royal pain to have a home on the market over the holidays, so this is understandable.  It was anything but dull on the mortgage market this week though, as rates crept up almost a 1/4 point.  This certainly got the attention of buyers, and all eyes will be watching next week to see if the trend continues.

Speaking of interest rates, I've added yet another new feature to this report.  You'll notice in the next section that I've included the current rates for some of the more popular loan packages.   This information is graciously provided by Private Mortgage Advisors, and will hopefully be updated each week.

San Carlos Market and Mortgage Rate Reports.

Click here for this week's edition of the Market Report:  San Carlos Market Report 12-11-2010

Click here for this week's mortgage interest rates from Private Mortgage Advisors:  San Carlos Mortgage Rates 12-10-2010

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 12/11/2010. The previous week's stats are in parentheses:

Price Range	Active	Pending	Ratio
< $1M	30 (28)	18 (22)	1.7 : 1 (1.3 : 1)
$1M –$1.5M	18 (22)	10 (9)	1.8 : 1 (2.4 : 1)
>$1.5M	4 (4)	1 (1)	4 : 1 (4 : 1)
Total	52 (54)	29 (34)	1.8 : 1 (1.7 : 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
2520 Melendy Drive	$1,160,000	$1,250,000	$90,000 (-7.2%)	147
122 Belvedere Avenue	$845,000	$849,950	$4,950 (-0.6%)	6
817 Hemlock Street	$790,000	$949,000	$159,000 (-17%)	95

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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 #
1933 Eaton Avenue	22	81054385
2911 Eaton Avenue	55	81052060
3154 Brittan Avenue	35	81053168

(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 of each home to get the complete details.

Address	List Price	BR/BA	Sq Ft (home/lot)	Listed By
68 Fay Avenue	$660,000	2BR/2BA	1,500/5,000	Tim McKeegan, Terrace Associates

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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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