The San Carlos Real Estate Week in Review: 8-20-11.
August 21, 2011
San Carlos Real Estate Summary.
I read somewhere this week that it might be turning into a buyer's market in San Carlos. I don't think so. All of the key metrics still point to a very competitive environment for buyers, which makes it very much a seller's market. Inventory is tight, with only 47 homes for sale. And of the four homes that closed escrow last week, 3 sold for over list price — at an average stay on the market of only 6 days. That's not an environment that tells me that buyers are calling the shots. Even homes that have been on the market for up to 3 months are starting to go into contract. With the Fall market just a couple of weeks away, it will be interesting to see how the expected surge of new inventory will affect the pace of sales.
Here's a quick snapshot of the inventory of San Carlos single family homes as of 8-20-2011:
|Active Listings||47||48 (-2.1%)|
|Average Price of Active Listings||$1,017,234||$1,034,133 (-1.6%)|
|Average DOM of Active Listings||73||71|
|No. of Homes Pending Sale||45||43 (+4.7%)|
|Ratio of Active:Pending||1.0 : 1||1.1 : 1|
San Carlos Market Report.
Click here to download this week's edition of the Altos Research Market Report: San Carlos Market Report 8-20-2011
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|
|3443 Brittan Avenue
|1017 Walnut Street
|2211 Howard Avenue
|932 Elm Street
— Here are some key statistics on the sales that closed this week:
|Closed Sales Stats||8-20-11||Prior Week|
|# Closed Sales||4||10|
|# of Sales Below List (% of total)||0 (0%)||6 (60%)|
|SP/Orig List %||103%||96.6%|
|Average DOM of Closed Sales||6||31|
(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|
|3233 La Mesa Drive||9||$1,249,000|
|19 Anchor Lane
|787 Kent Avenue
|20 Pepper Lane
|2867 Roland Avenue||41||$869,000|
|1649 Brittan Avenue||55||$769,500|
|1968 Birch Avenue
(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|
|1820 Chestnut Street
||$1,549,888||5BR/5BA||2,780/4,240||Christine Morgan, RE/MAX|
|815 Buckland Avenue||$1,068,000||4BR/3.5BA||2,816/8,100||David Young, Coldwell Banker|
|3101 Brittan Avenue||$1,048,000||4BR/2.5BA||2,520/12,400||Nancy Field, Coldwell Banker|
|1472 Cordilleras Avenue||$979,000||3BR/2BA||1,800/5,500||Justine Ford, Today Sothebys|
|1536 Cherry Street
||$650,000||2BR/1BA||1,360/7,000||Theresa Finnegan, Better Homes|
(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|
|734 Chestnut Street #3||$500,000||$615,000||-$115,000 (-18.7%)||50|
(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:
|633 Elm Street #116||54|
|432 Portofino Drive #404
(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|
|13 Chicory Lane||$795,000||2BR/2.5BA||1,793||Alex Yap, 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)
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.)