The San Carlos Real Estate Week in Review: 4-2-11.

Summary.

I once mentioned in previous post that the two days of the week that you want to pay close attention to the MLS is on Mondays and Fridays, because those two days are when the majority of homes are listed on the market.   This week proved my point — almost every new listing this week posted on Friday (or early Saturday).    This late surge pushed the inventory of available homes up to 58, and in the process gave White Oaks buyers some much needed additional options to consider.   58 is still well below average for this time of year, but it's a step in the right direction for buyers.

San Carlos Market Report.

Click here to download this week's edition of the Altos Research Market Report:  San Carlos Market Report 4-2-2011

San Carlos Open House List.

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 4-2-2011:

Inventory	4-2-11	Prior Week
Active Listings	57	48 (+19%)
Average DOM of Active Listings	83	81
Homes in Contract	33	42 (-21%)
Ratio Active/Pending	1.7 : 1	1.1 : 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
113 Plymouth Avenue	$1,095,000	$1,049,000	+$46,000 (+4%)	11
23 Whitman Court	$1,075,000	$1,075,000	$0 (+0%)	12
201 Hillcrest Road	$989,000	$949,000	+40,000 (+4%)	14
378 De Anza Avenue	$855,000	$849,000	+6,000 (+1%)	15
789 Cedar Street	$810,000	$785,000	+25,000 (+3%)	7
2641 Thornhill Drive	$775,000	$879,000	-104,000 (-12%)	136
2388 Brittan Avenue	$685,000	$775,000	-90,000 (-12%)	96
220 Winding Way	$539,000	$539,000	$0 (0%)	0

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

Closed Sales Stats	4-2-11	Prior Week
# Closed Sales	8	3
# Sales Below List (% total)	2 (25%)	2 (75%)
SP/Orig List %	99%	95%
Average DOM of Closed Sales	36	19

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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
271 Vine Street	12	$899,000
1055 Hewitt Drive	5	$899,000

 

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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
79 Club Drive	$1,095,000	5BR/3BA	2,400/6,485	Ronda O'Leary, Coldwell Banker
125 Sunnydale Avenue	$999,000	4BR/2BA	1,830/5,600	Joyce Romeo, Intero
1055 Hewitt Drive	$899,000	3BR/2BA	1,370/8,280	Mary Abolmoluki, Coldwell Banker
723 Cordilleras Avenue	$949,000	3BR/2BA	1,380/6,300	Michelle Glaubert, Coldwell Banker
1392 Oakhurst Avenue	$879,950	3BR/1.5BA	1,420/6,050	Dave Blewett, Intero
124 Garnet Avenue	$819,000	3BR/2.5BA	1,620/5,500	Jane Longley-Martins, Today Sothebys
26 Walton Street	$729,000	3BR/1BA	1,290/5,390	Christy Giuliacci, Alain Pinel Realtors
437 Hillcrest Road	$610,000	2BR/2BA	1,120/7,644	Sally Thompson, Intero

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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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