The San Carlos Real Estate Week in Review: 7-2-11.
July 4, 2011
Summary.
As one might expect for the week heading into the 4th of July holiday, the tempo of the San Carlos market backed off a bit. The few agents I spoke with who were holding their listings open over the weekend reported a light turnout, which is to be expected with so many people out of town. Of course, it didn't help matters that the mercury touched 100 degrees in San Carlos on Sunday either. Activity should pick back up next week as entry level buyers scurry to get into contract before the hi-balance conforming loan limits expire in the next 2 months.
Here's a quick snapshot of the inventory of San Carlos single family homes as of 7-2-2011:
| Inventory | 7-2-11 | Prior Week |
|---|---|---|
| Active Listings | 62 | 60 (+3.3%) |
| Average DOM of Active Listings | 74 | 69 |
| Homes in Contract | 47 | 52 (-9.6%) |
| Ratio of Active:Pending | 1.3 : 1 | 1.2 : 1 |
San Carlos Market Report.
Click here to download this week's edition of the Altos Research Market Report: San Carlos Market Report 7-2-2011
The San Carlos Open House Page.
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.
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 |
|---|---|---|---|---|
| 1777 Elizabeth Street |
$1,107,000 | $975,000 | +$132,000 (+13.5%) | 7 |
| 132 Garnet Avenue |
$1,100,000 | $1,110,000 | -$10,000 (-0.9%) | 16 |
| 1900 Eaton Avenue |
$1,035,000 | $1,030,000 | +$5,000 (+0.5%) | 7 |
| 637 Dartmouth Avenue |
$790,000 | $790,000 | 0 (0%) | 72 |
| 2000 San Carlos Avenue | $720,000 | $795,000 | -$75,000 (-9.4%) | 28 |
| 973 Cherry Street | $557,200 | $539,900 | +$61,000 (+3.2%) | 22 |
— Here are some key statistics on the sales that closed this week:
| Closed Sales Stats | 7-2-11 | Prior Week |
|---|---|---|
| # Closed Sales | 6 | 6 |
| # of Sales Below List (% of total) | 2 (33%) | 2 (33%) |
| SP/Orig List % | 101.3% | 101.7% |
| Average DOM of Closed Sales | 25 | 12 |
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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 |
|---|---|---|
| 932 Elm Street | 4 | $900,000 |
| 3245 La Mesa Drive |
24 | $1,210,000 |
| 22 Primrose Lane |
29 | $875,000 |
| 1017 Walnut Street |
7 | $1,099,000 |
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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 |
|---|---|---|---|---|
| 175 Lyndurst Avenue |
$1,688,000 | 4BR/3BA | 2,790/5,500 | Eliz Bianchini, Coldwell Banker |
| 153 Garnet Avenue |
$939,000 | 3BR/2.5BA | 2,120/6,050 | Justine Ford, Today Sothebys |
| 2223 Carmelita Drive | $925,000 | 4BR/2.5BA | 1,768/5,280 | Joanne Jordan, Coldwell Banker |
| 80 Hilltop Drive | $825,000 | 2BR/1BA | 1,413/5,500 | Lottie Kendall, Today Sothebys |
| 3 Plymouth Avenue | $739,000 | 2BR/1BA | 1,020/6,500 | Samuel Pilli, Keller Williams |
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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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