The San Carlos Real Estate Week in Review: 3-5-11.

Summary.

Newer listings moved quickly again this past week.  Of the 6 homes that went in to contract, 5 of them were on the market for only 2 weeks or less.   Buyers are moving decisively on the right homes in this early-spring market, so if you're actively looking for a home in San Carlos right now, be prepared (mentally and financially) to make quick some quick decisions once you find your ideal place.

There were 6 new listings to hit the market this past week, which is a respectable showing.  But to the dismay of home buyers who are keying in on the flatlands of San Carlos, only one of those listings was in Oak Park and there was absolutely nothing new in White Oaks Howard Park.

San Carlos Market Report.

Click here to download this week's edition of the Altos Research Market Report:  San Carlos Market Report 3-5-2011

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 3-5-2011:

Inventory	3-5-11	Prior Week
Active Listings	53	51 (+4%)
Average DOM of Active Listings	81	99
Homes in Contract	32	35 (-9%)
Ratio Active/Pending	1.7 : 1	1.5 : 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
343 De Anza Avenue	$1,150,000	$1,295,000	-$145,000 (-11%)	131
144 Glasgow Lane	$1,047,000	$1,075,000	-$28,000 (-3%)	16
100 Wellington Drive	$1,045,800	$1,069,000	-$23,200 (-2%)	25
28 Exeter Avenue	$1,005,000	$1,050,000	-$45,000 (-4%)	10
1800 Howard Avenue	$999,000	$1,149,411	-$150,411 (-13%)	92
3154 La Mesa Drive	$981,000	$919,000	$62,000 (+7%)	10
500 Prospect Street	$881,000	$849,000	$32,000 (+4%)	10
2631 Howard Avenue	$825,000	$899,000	-$74,000 (-8%)	98

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

Closed Sales Stats	2-26-11	Prior Week
# Closed Sales	8	2
# Sales Below List (% total)	6 (75%)	1 (50%)
SP/Orig List %	96%	98%
Average DOM of Closed Sales	49	17

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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
885 Sunset Drive	368	$749,000
789 Cedar Street	7	$785,000
1847 Eaton Avenue	7	$1,210,000
201 Hillcrest Road	14	$949,000
378 De Anza Avenue	15	$849,000
1643 Saint Francis Way	14	$949,000

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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
717 Best Court	$1,925,000	4BR/4.5BA	4,210/18,730	Donna Marie Baldwin, Coldwell Banker
1362 Chestnut Street	$929,000	3BR/1BA	1,410/4,560	Doug Gonzalez, Coldwell Banker
701 Sunset Drive	$929,000	3BR/2BA	1,670/7,700	Quetzal and Diane, Alain Pinel Realtors
2701 Victoria Manor	$899,000	3BR/2BA	1,630/7,500	Jeffrey Shefts, Coldwell Banker
31 Molton Avenue	$765,000	2BR/2BA	1,290/8,250	Sharon Schmid, Intero
132 Palm Avenue	$629,900	2BR/1BA	1,070/4,512	Louie Khoury, Alain Pinel Realtors

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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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