The San Carlos Real Estate Week in Review: 8-6-11.

San Carlos Real Estate Summary.

The market shrugged off one close call this week, as we avoided the default of our national debt by a matter of days.  This upcoming week, it must now digest the drop in the country's credit rating in the wake of the latest financial problems.  All things considered, the San Carlos real estate market performed admirably in spite of all of these challenges.   Homes still sold briskly, with 4 homes going into contract after being on the market for about a week or less.  2211 Howard Avenue sold after getting 7 offers.  So clearly, many buyers are still bullish about the future.

Here's a quick snapshot of the inventory of San Carlos single family homes as of 8-6-2011.

Inventory	8-6-11	Prior Week
Active Listings	54	59 (-8.5%)
Average Price of Active Listings	$999,658	$1,031,521 (-3.1%)
Average DOM of Active Listings	66	65
No. of Homes Pending Sale	44	38 (+15.6%)
Ratio of Active:Pending	1.5 : 1	1.6 : 1

San Carlos Market Report.

Click here to download this week's edition of the Altos Research Market Report:   San Carlos Market Report 8-6-2011

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
129 Vista Del Grande	$1,220,000	$1,350,000	-$130,000 (-9.6%)	58
3031 Brittan Avenue	$950,000	$939,000	+$11,000 (+1.2%)	5

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

Closed Sales Stats	8-6-11	Prior Week
# Closed Sales	2	4
# of Sales Below List (% of total)	1 (50%)	2 (50%)
SP/Orig List %	94.8%	98.8%
Average DOM of Closed Sales	31	33

(Click the “Homes Sold” button below see all of the homes that have sold in San Carlos in the past 3 months.)

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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
1061 Crestview Drive	26	$899,000
11 Dickens Court	6	$1,198,000
3443 Brittan Avenue	5	$1,275,521
2211 Howard Avenue	8	$899,000
1005 Hall Street	98	$524,995
237 Oakview Drive	7	$1,150,000
742 Cordilleras Avenue	101	$895,000
104 Exeter Avenue	98	$1,599,000

(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
20 Pepper Lane	$875,000	3BR/2BA	1,450/8,400	George Chopoff, RE/MAX Star
979 Orange Avenue	$760,000	2BR/1BA	1,380/5,500	Carl Wuestehube, Tri-Star Realty
1450 Cedar Street	$715,000	2BR/1BA	1,170/4,620	Leila Sisneros, Today Sothebys
315 Old County Road	$658,000	2BR/1BA	1,020/5,000	Abe Matar, Landmark Real Estate
2008 Greenwood Avenue	$632,000	2BR/1BA	1,020/5,960	Penny Stebbins, RE/MAX Star

(Click the “Homes For Sale” button below to see ALL of the homes currently for Sale in San Carlos.)

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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
1700 San Carlos Avenue #204	$225,000	$308,888	-$83,888 (-27.2%)	223

(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)

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Condo/Townhouse Pending Sales in San Carlos

The following condos/townhouses are now pending sale:

Address	DOM (days)
3338 La Mesa Drive #6	170
3003 Melendy Drive #3	371
728 Elm Street #303	171
6 Geranium Lane	4

(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)

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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
432 Portofino Drive, #404	$599,000	2BR/2BA	1,655	Royce Cablayan, Coldwell Banker

(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)

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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.)

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