The San Carlos Real Estate Week in Review: 12/25/10

Summary.

As expected, the week leading up to Christmas was a very quiet one for real estate in San Carlos.   Between a couple of homes that went into contract and another handful of listings that were pulled off the market, the inventory of single family homes for sale in San Carlos dropped to below 40 for the first time in many months.    Buyers shouldn't fret about the apparent dearth of homes to choose from — I expect that this will be a very temporary condition, as January will bring the return of many of the canceled listings, as well as a fresh crop of new homes.

This is the final report of 2010.   Keep your eyes out for a couple of summary reports on the 2010 real estate market in San Carlos, which should be posted early in the new year.

San Carlos Market Report.

Click here for this week's edition of the Market Report:  San Carlos Market Report 12-25-2010

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 quick snapshot of the inventory of San Carlos single family homes as of 12/25/2010:

Inventory	12/25/2010	Prior Week
Active Listings	39	45 (-13.3%)
Homes in Contract	23	24 (-4.2%)
Ratio Active/Pending	1.7 : 1	1.9 : 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
2232 Howard Avenue	$1,350,000	$1,438,800	$88,800 (-6.2%)	52
1621 Cordilleras Avenue	$835,000	$825,000	$10,000 (+1.2%)	13
34 Hilltop Drive	$830,000	$839,950	$9,950 (-1.2%)	52

Here are some key statistics on the sales that closed this week:

Closed Sales Stats	12/25/2010	Prior Week
# Closed Sales	3	9
# Sales Below List (% total)	2 (67%)	8 (89%)
SP/Orig List %	97%	94%
Average DOM of Closed Sales	39	57

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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)
21 Coleman Court	28
216 Garnet Avenue	101

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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
—	$—	—-	——-	—————

 

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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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