The San Carlos Real Estate Week in Review: 2-12-11
February 13, 2011
Summary.
The sales momentum from last week carried over into this week, although not at such a torrid pace. Five homes were sold this past week, with 1925 Belmont Avenue taking the cake for hotly contested sales. This home sold with 6 offers after only 4 days on the market — without a single open house. That makes a pretty strong statement about what may take to win in this market when you find the “right” home, and it's the right home for others too.
Six new homes came onto the market, but the inventory is still pretty lean with only 45 homes for sale. But all in all, it's a promising start to the new year.
San Carlos Market Report.
Click here for this week's edition of the Market Report: San Carlos Market Report 2-12-2011
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'll 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 2-12-2011:
| Inventory | 2-12-11 | Prior Week |
|---|---|---|
| Active Listings | 45 | 42 (+7%) |
| Average DOM of Active Listings |
105 | 109 |
| Homes in Contract |
28 | 25 (+12%) |
| Ratio Active/Pending |
1.6 : 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 |
|---|---|---|---|---|
| 1359 Geneva Avenue |
$859,000 | $879,000 | $20,000 (-2.3%) |
40 |
| 216 Frances Lane |
$920,000 | $989,000 | $69,000 (-7.0%) |
79 |
— Here are some key statistics on the sales that closed this week:
| Closed Sales Stats |
2-12-11 | Prior Week |
|---|---|---|
| # Closed Sales |
2 | 2 |
| # Sales Below List (% total) | 2 (100%) | 2 (100%) |
| SP/Orig List % | 95% | 95% |
| Average DOM of Closed Sales | 60 | 61 |
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Single-Family Homes Pending Sale in San Carlos:
The following homes went “Pending Sale” this week. Click on the address of each for additional info:
| Address | DOM (days) | List Price |
|---|---|---|
| 1933 Eaton Avenue | 84 | $1,150,000 |
| 1516 Saint Francis Way |
9 | $949,000 |
| 967 Hall Street | 202 | $519,000 |
| 125 Coventry Court | 10 | $1,299,000 |
| 1925 Belmont Avenue | 4 | $1,129,000 |
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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 |
|---|---|---|---|---|
| 1925 Belmont Avenue |
$1,129,000 | 3BR/2.5BA | 2,240/8,520 | Lottie Kendall, Today Sothebys |
| 1311 Geneva Avenue | $985,000 | 3BR/2BA | 1,500/7,150 | Stephen Hicks, Gateway Properties |
| 245 Manor Drive |
$979,000 | 3BR/2BA | 1,430/7,777 | Molly Mausser, Alain Pinel Realtors |
| 1820 Elm Street |
$979,000 | 4BR/2BA | 1,670/5,500 | Justine Ford, Today Sothebys |
| 125 Oakview Drive |
$929,000 | 3BR/2BA | 1,290/7,500 | Justine Ford, Today Sothebys |
| 637 Dartmouth Avenue |
$790,000 | 2BR/2BA | 1,677/5,616 | Susan Lewandowski, Coldwell Banker\ |
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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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