The San Carlos Real Estate Week in Review: 4-16-11.
April 17, 2011
Summary.
The San Carlos real estate market continued its torrid pace from the previous week, and “13” turned out to be our lucky number – 13 homes went into contract, and 13 new listings hit the market. With that balance, the inventory of available homes finished right about where it started (although it varied all over the map during the week.)
And it wasn't just the new issues that went into contract this week. The days-on-market (DOM) for the homes that went into contract ranged from 2 days all the way up to 325 days — which tells you that everything sells in its own time, and that buyers are starting to look at some of the older inventory again. But make no mistake, multiple offers are still prevalent for the more desirable new listings.
San Carlos Market Report.
Click here to download this week's edition of the Altos Research Market Report: San Carlos Market Report 4-16-2011
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 4-16-2011:
| Inventory | 4-16-11 | Prior Week |
|---|---|---|
| Active Listings | 59 | 60 (-1.7%) |
| Average DOM of Active Listings | 79 | 90 |
| Homes in Contract | 45 | 34 (+32%) |
| Ratio Active/Pending | 1.3 : 1 | 1.8 : 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 |
|---|---|---|---|---|
| 249 Highland Avenue |
$1,689,000 | $1,689,000 | $0 (0%) | 25 |
| 125 Coventry Court | $1,270,000 | $1,299,000 | -$29,000 (-2.2%) | 52 |
| 948 Rosewood Avenue |
$1,020,000 | $929,995 | +$90,005 (+9.7%) | 6 |
| 1055 Hewitt Drive |
$991,000 | $899,000 | +$51,100 (+5.7%) | 5 |
— Here are some key statistics on the sales that closed this week:
| Closed Sales Stats | 4-16-11 | Prior Week |
|---|---|---|
| # Closed Sales | 4 | 6 |
| # Sales Below List (% total) | 1 (25%) | 2 (33%) |
| SP/Orig List % | 103% | 101% |
| Average DOM of Closed Sales | 22 | 30 |
___________________________________________________________________
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 |
|---|---|---|
| 1362 Geneva Avenue |
24 | $879,000 |
| 218 Alberta Avenue |
2 | $739,000 |
| 288 Club Drive |
268 | $1,399,000 |
| 202 Timothy Drive |
81 | $1,149,000 |
| 1223 Alameda |
166 | $550,000 |
| 909 Rosewood Avenue |
31 | $1,399,888 |
| 844 Bauer Court |
18 | $1,100,000 |
| 2433 Melendy Drive |
6 | $1,288,000 |
| 717 Best Court |
45 | $1,838,838 |
| 165 Madera Avenue |
325 | $749,900 |
| 2019 Eaton Avenue | 3 | $949,000 |
| 437 Hillcrest Road | 14 | $610,000 |
| 244 Ruby Avenue |
5 | $979,000 |
___________________________________________________________________
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 |
|---|---|---|---|---|
| 2819 Eaton Avenue | $2,950,000 | 5BR/4.5BA | 4,700/27,443 | Sherry Lotterer, GEMS |
| 2985 Eaton Avenue | $1,995,000 | 5BR/4.5BA | 4,300/11,238 | Maxine Dumas, Dumas & Company |
| 10 Shratton Avenue | $1,499,000 | 3BR/3BA | 2,610/7,700 | Carlo Guglielmino, Bay Area Estates |
| 55 Sequoia Court | $1,295,000 | 4BR/2.5BA | 2,610/5,096 | Shary and Scott, Alain Pinel Realtors |
| 176 Sunnydale Avenue | $1,198,000 | 3BR/4BA | 2,220/5,500 | John Shroyer, Today Sothebys |
| 1900 Eaton Avenue | $1,030,000 | 3BR/2.5BA | 1,600/5,500 | David Young, Coldwell Banker |
| 244 Ruby Avenue | $979,000 | 3BR/2BA | 1,700/5,500 | Justine Ford, Today Sothebys |
| 2019 Eaton Avenue | $949,000 | 2BR/1BA | 1,620/8,476 | Justine Ford, Today Sothebys |
| 53 Maple Way |
$895,000 | 3BR/2BA | 1,430/5,550 | Mahnaz Westerberg, Alain Pinel Realtors |
| 100 Wildwood Avenue |
$869,000 | 3BR/2BA | 1,290/4,980 | Dee Edmonds, Coldwell Banker |
| 122 Hillcrest Road | $819,000 | 3BR/1BA | 1,550/8,900 | Lottie Kendall, Today Sothebys |
| 1028 Elm Street | $679,000 | 3BR/2BA | 1,260/6,000 | Marc Romer, Today Sothebys |
| 140 Winding Way | $598,000 | 3BR/1BA | 880/4,590 | John Shroyer, 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.)
———————————————
Posted in: