The San Carlos Real Estate Week in Review: 4-9-11.

April 10, 2011


Even though the weather may not reflect it, Spring is in full swing if we're talking real estate.  You know it has been a pretty frantic week when the same homes start to appear in both the “New Single-Family Homes For Sale” and the “Pending Sales” tables below in the same week.  This means the home listed and sold within a few days, most likely without having a single open house.  That happened twice this past week.   So it's necessary for the successful buyer in this market to act quickly — if you wait until the weekend open house to get out and see a home, it may be too late.

Multiple offers are still commonplace.   The homes at 940 Woodland Avenue, 725 Dartmouth Avenue, and 125 Sunnydale Avenue all fetched multiple offers.  This speaks volumes about the persistent imbalance between the number of San Carlos buyers and the inventory of homes in some of the more desirable neighborhoods.   But there's some good news on that front for those buyers who are still looking — even with all of the sales activity, it was a banner week for new listings. This pushed the inventory up to over the 60 mark again.

San Carlos Market Report.

Click here to download this week's edition of the Altos Research Market Report:  San Carlos Market Report 4-9-2011

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 4-9-2011:

Inventory 4-9-11 Prior Week
Active Listings 60 57 (+5%)
Average DOM of Active Listings 90 83
Homes in Contract 34 33 (+3%)
Ratio Active/Pending 1.8 : 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
1500 Eaton Avenue
$1,195,000 $1,189,000 +$6,000 (+1%) 6
887 Heather Drive
$991,000 $979,000 +$12,000 (+1%) 11
1362 Chestnut Street
$915,000 $929,000 -$14,000 (-2%) 9
15 Del Rey Court $900,000 $864,950 +$30,500 (+4%) 5
50 Arundel Road $890,000 $899,000 -$9,000 (-4%) 137
28 Exeter Avenue
$855,000 $835,000 +20,000 (+2%) 14

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

Closed Sales Stats 4-9-11 Prior Week
# Closed Sales 6 8
# Sales Below List (% total) 2 (33%) 2 (25%)
SP/Orig List % 101% 99%
Average DOM of Closed Sales 30 36


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
249 Highland Avenue
25 $1,689,000
725 Dartmouth Avenue
3 $949,000
940 Woodland Avenue
13 $1,499,000
26 Walton Street
5 $729,000
1631 Walnut Street 4 $679,000
125 Sunnydale Avenue
7 $999,000
2096 Birch Avenue
15 $629,000


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
129 Vista Del Grande
$1,350,000 4BR/3BA 2,930/10,050 Josephine Lipka, Better Homes
2433 Melendy Drive
$1,288,000 4BR/3.5BA 2,520/15,960 David Young, Coldwell Banker
124 Colton Avenue
$1,214,000 4BR/3BA 1,980/5,650 Laura Bertolacci, Today Sothebys
1732 Greenwood Avenue
$1,098,000 3BR/2BA 1,650/5,520 Karen Yu, Intero
182 Fairmont Avenue
$975,000 3BR/2BA 1,630/6,900 Erika Enos, Keller Williams
725 Dartmouth Avenue
$949,000 4BR/3BA 1,900/7,000 Justine Ford, Today Sothebys
1167 Walnut Street
$845,000 3BR/1BA 1,330/4,920 Tatum Clarke, Intero
218 Alberta Avenue
$739,000 2BR/1BA 1,100/4,480 Bob Bredel, Today Sothebys
2015 San Carlos Avenue
$699,000 3BR/2BA 1,570/5,663 Stanley Lo, Green Banker
1631 Walnut Street
$679,000 2BR/1BA 1,160/4,400 Justine Ford, Today Sothebys


(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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