The San Carlos Real Estate Week in Review: 3-19-11.
March 20, 2011
Summary.
The cold and wet weather this week did little to cool off the red-hot real estate market in San Carlos. Inventory moved quickly, as was highlighted by the 9-offer battle for 948 Rosewood Avenue. And three of the homes that went into contract weren't on the market for a full week before they were snapped up. Inventory varied widely during the week, oscillating between the high 40's and low 50's before settling in at 55 by week's end. This number is still low by comparison to a normal year, which is keeping the competition level high for new listings.
San Carlos Market Report.
Click here to download this week's edition of the Altos Research Market Report: San Carlos Market Report 3-19-2011
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 3-19-2011:
| Inventory | 3-19-11 | Prior Week |
|---|---|---|
| Active Listings | 55 | 54 (+2%) |
| Average DOM of Active Listings | 81 | 81 |
| Homes in Contract | 34 | 36 (-6%) |
| Ratio Active/Pending | 1.6 : 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 |
|---|---|---|---|---|
| 6 Burnham Court |
$1,489,000 | $1,489,000 | $0 (0%) | 3 |
| 1925 Belmont Avenue |
$1,207,000 | $1,129,000 | +$78,000 (+7%) | 4 |
| 236 Oakview Drive |
$1,110,000 | $1,179,000 | -$69,000 (-6%) | 60 |
| 1311 Geneva Avenue |
$1,015,000 | $985,000 | +$30,000 (+3%) | 6 |
| 245 Manor Drive |
$980,000 | $979,000 | +$1,000 (+0%) | 3 |
| 1820 Elm Street |
$979,000 | $979,000 | $0 (+0%) | 6 |
| 517 Vista Avenue | $939,950 | $949,950 | -$10,000 (-1%) | 45 |
| 133 Highland Avenue | $800,000 | $849,000 | -$49,000 (-6%) | 26 |
— Here are some key statistics on the sales that closed this week:
| Closed Sales Stats | 3-19-11 | Prior Week |
|---|---|---|
| # Closed Sales | 8 | 4 |
| # Sales Below List (% total) | 3 (38%) | 2 (50%) |
| SP/Orig List % | 100% | 99% |
| Average DOM of Closed Sales | 19 | 43 |
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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 |
|---|---|---|
| 1500 Eaton Avenue |
6 | $1,189,000 |
| 132 Palm Avenue |
13 | $629,900 |
| 1087 Hewitt Drive |
24 | $1,019,900 |
| 31 Molton Avenue | 13 | $765,000 |
| 9 Devonshire Boulevard |
20 | $675,000 |
| 15 Del Rey Court |
5 | $864,950 |
| 948 Rosewood Avenue |
6 | $929,995 |
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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 |
|---|---|---|---|---|
| 909 Rosewood Avenue |
$1,450,000 | 4BR/4BA | 2,802/6,000 | George Chopoff, RE/MAX Star |
| 706 Cedar Street |
$1,388,000 | 4BR/3BA | 2,580/5,900 | Jessica Eva, Today Sothebye |
| 17 Del Rey Court |
$1,058,000 | 4BR/2BA | 1,940/8,073 | Greg Celotti, Alain Pinel Realtors |
| 271 Vine Street |
$899,000 | 3BR/2BA | 1,460/5,000 | Liza Vernazza, Coldwell Banker |
| 1362 Geneva Avenue | $879,000 | 3BR/3BA | 1,860/4,040 | Rumana Jubeen, Coldwell Banker |
| 132 Arundel Road | $849,999 | 3BR/2BA | 1,390/8,500 | Draco Roberts, RE/MAX Mid-Pen |
| 2452 San Carlos Avenue | $789,000 | 3BR/2BA | 1,210/8,320 | Claire Earley, Coldwell Banker |
| 1047 Hall Street |
$775,000 | 4BR/2BA | 1,430/4,920 | Sandra Comaroto, Alain Pinel Realtors |
| 1983 Brittan Avenue |
$729,950 | 2BR/1BA | 1,010/4,040 | Bob Bredel, Today Sothebys |
| 365 Old County Road |
$575,000 | 3BR/2BA | 1,400/5,000 | Bob Bredel, Today Sothebys |
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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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