The San Carlos Real Estate Week in Review: 4-9-11.
April 10, 2011
Summary.
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 |
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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 |
|---|---|---|
| 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 |
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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 |
|---|---|---|---|---|
| 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 |
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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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