The San Carlos Real Estate Week in Review: 7-16-11.

San Carlos Real Estate Summary.

Summer is in full swing in San Carlos, but you'd never know it by the weather!  The real estate market is in cruise-mode now, as you might expect in the summer months.  The number of available homes tends to drop, as fewer people put their homes on the market in July and August — that trend is certainly holding true, as the inventory dropped by over 10% just this week.   Also worth noting;  of the 9 home sales that closed this week, a whopping 78% were purchased below the original list price.   This is certainly in line with the trends we discussed in the mid-year report earlier this week.

Here's a quick snapshot of the inventory of San Carlos single family homes as of 7-16-2011:

Inventory	7-16-11	Prior Week
Active Listings	52	58 (-10.3%)
Average Price of Active Listings	$1,034,669
Average DOM of Active Listings	65	74
No. of Homes Pending Sale	43	47 (-8.5%)
Ratio of Active:Pending	1.2 : 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 7-16-2011

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
164 Normandy Court	$1,800,000	$1,795,000	+$5,000 (+0.3%)	6
154 Garnet Avenue	$1,111,000	$1,149,000	-$38,000 (-3.3%)	39
3211 Melendy Drive	$1,075,000	$1,149,000	-$74,000 (-6.4%)	18
230 Hillcrest Road	$920,000	$949,000	-$29,000 (-3.1%)	283
81 Highland Avenue	$805,000	$799,000	+$6,000 (+0.8%)	10
132 Arundel Road	$805,000	$849,999	-$44,999 (-5.3%)	91
232 Windsor Drive	$775,250	$839,000	-$63,750 (-7.6%)	55
81 Highland Avenue	$695,000	$699,000	-$4,000 (-0.6%)	7
1016 Springfield Drive	$535,000	$549,500	-$14,500 (-2.6%)	25

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

Closed Sales Stats	7-16-11	Prior Week
# Closed Sales	9	5
# of Sales Below List (% of total)	7 (78%)	3 (60%)
SP/Orig List %	97.1%	96.3%
Average DOM of Closed Sales	65	44

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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
24 Bayport Court	23	$720,000
731 Cordilleras Avenue	73	$799,000
44 Bay View Drive	73	$1,175,500
2223 Carmelita Drive	17	$899,000

(Click the “Homes Pending Sale” button below to see ALL the homes that are Pending Sale in San Carlos.)

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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
12 Robin Way	$949,000	4BR/2BA	1,600/5,100	Irena Sikela, Advanced RES
1078 Cedar Street	$899,000	4BR/2BA	1,600/5,500	Quetzal and Diane, Alain Pinel Realtors
30 Hartford Avenue	$835,000	3BR/3BA	1,550/7,200	Victor Borelli, Paragon
3024 Brittan Avenue	$799,950	3BR/2BA	1,790/15,400	Mark Benson, Broker

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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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