The San Carlos Real Estate Week in Review: 8-6-11.
August 8, 2011
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 |
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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 |
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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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