The San Carlos Real Estate Week in Review: 5-21-11.
May 22, 2011
If there's an award to a San Carlos street with the most persistence in the real estate market, then this week that award goes to Madera Avenue. 165 Madera Avenue closed escrow this week after being on the market for 325 days. And 92 Madera Avenue is now pending sale after 489 days on the market. Now that's sticking to it.
Aside from that, it was much the same as the prior week. 8 new issues were countered by 7 pending sales, which pretty much kept the inventory level unchanged by the end of the week. While the numbers certainly don't show it, there's a feeling in the market that the pace has slowed a bit in recent weeks. Buyers seem to be exercising more patience before making their purchase, and not all listings are getting the attention that they were a few weeks earlier. It will be interesting to see if the numbers bear out this observation in the coming weeks.
San Carlos Market Report.
Click here to download this week's edition of the Altos Research Market Report: San Carlos Market Report 5-21-2011
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 5-21-2011:
|Active Listings||65||64 (+1.6%)|
|Average DOM of Active Listings||63||60|
|Homes in Contract||56||55 (+1.8%)|
|Ratio Active/Pending||1.2 : 1||1.2 : 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|
|2019 Eaton Avenue
|182 Fairmont Avenue
|122 Hillcrest Road
|165 Madera Avenue
**Commission waived on buyer's side.
— Here are some key statistics on the sales that closed this week:
|Closed Sales Stats||5-14-11||Prior Week|
|# Closed Sales||4||4|
|# of Sales Below List (% of total)||1 (25%)||2 (50%)|
|SP/Orig List %||102%||98%|
|Average DOM of Closed Sales||89||40|
(Click the “Homes Sold” button below see all of the homes that have sold in San Carlos in the past 3 months.)
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|
|278 Cedar Street
|231 Manor Drive
|2808 Tramanto Drive
|350 Oakview Drive
|194 Hillcrest Road
|92 Madera Avenue
|2647 San Carlos Avenue||6||$793,000|
(Click the “Homes Pending Sale” button below to see ALL the homes that are Pending Sale in San Carlos.)
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|
|182 Crestview Drive
||$1,384,000||3BR/2.5BA||2,210/8,080||Maxine Dumas, Dumas & Company|
|1080 Crestview Drive
||$1,150,000||5BR/3BA||3,060/9,000||Maxine Dumas, Dumas & Company|
|20 Ensenada Road
||$999,999||3BR/2BA||1,440/25,756||Mareen Maffia, Coldwell Banker|
|1777 Elizabeth Street
||$975,000||4BR/2BA||2,230/8,704||Lilliane Cools, Alain Pinel Realtors|
|3390 Melendy Drive
||$899,900||3BR/2BA||1,750/7,560||Jeannette Dane, Premier Properties|
|448 Emerald Avenue
||$789,000||3BR/1BA||1,200/5,500||David Young, Coldwell Banker|
|212 Edgehill Drive||$615,000||2BR/1BA||1,030/6,450||Susan & Sabrina, Prudential|
|959 Holly Street||$525,000||2BR/1BA||880/5,850||Patty Palomino, RE/MAX|
(Click the “Homes For Sale” button below to see ALL of the homes currently for Sale in San Carlos.)
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that sold this past week. Click on the address for all of the details:
|Address||Sold Price||Orig. List||Difference||DOM|
(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)
Condo/Townhouse Pending Sales in San Carlos
The following condos/townhouses are now pending sale:
|2 Elm Street #100||123|
(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)
New Condo/Townhouse Listings in San Carlos:
The following condo/townhouses listed this past week. Click on the address or MLS # or all the details:
|Address||List Price||BR/BA||Sq Feet||Listed By|
|25 Buttercup Lane
||$629,000||3BR/2.5BA||1,709||Eddie Azzopardi, Realty World|
(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)
What's Open This Weekend?
Click the “Open House” button to see ALL of the homes and condos scheduled to be open this weekend in San Carlos.
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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.)