The San Carlos Real Estate Week in Review: 9-10-11.
September 12, 2011
San Carlos Real Estate Summary.
If this past week was any indication, then the fall real estate market in San Carlos is going to be a barn-burner. As anticipated, there was a surge of new listings right after Labor Day weekend, with 11 new listings hitting the market. House hunters are out in full force, particularly in the flats, as witnessed by both 2100 Eaton Avenue and 1912 Howard Avenue being snapped up in just a week. Buyers are anxious to take advantage of the historically low interest rates, and those sellers who want to move their home before the holidays are wisely getting them on the market. Should be a fun few weeks ahead!
Here's a quick snapshot of the inventory of San Carlos single family homes as of 9-10-2011:
| Inventory | 9-10-11 | Prior Week |
|---|---|---|
| Active Listings | 58 | 49 (+18.4%) |
| Average Price of Active Listings | $1,015,766 | $988,858 (+2.7%) |
| Average DOM of Active Listings | 65 | 75 |
| No. of Homes Pending Sale | 32 | 37 (-13.5%) |
| Ratio of Active:Pending | 1.8 : 1 | 1.3 : 1 |
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 |
|---|---|---|---|---|
| 104 Exeter Avenue | $1,525,000 | $1,649,000 | -$124,000 (-7.5%) | 98 |
| 101 Aberdeen Drive |
$1,278,000 | $1,278,000 | $0 (0.0%) | 5 |
| 1311 Saint Francis Way |
$960,000 | $929,000 | +$31,000 (+3.3%) | 12 |
| 1730 Walnut Street |
$830,000 | $849,000 | -$19,000 (-2.2%) | 10 |
| 1450 Cedar Street |
$725,000 | $715,000 | +$10,000 (+1.4%) | 4 |
| 101 Highland Avenue | $687,500 | $699,500 | -$12,000 (-1.7%) | 24 |
| 848 Sunset Drive | $525,000 | $553,000 | -$28,000 (-5.1%) | 32 |
| 1005 Hall Street |
$486,525 | $569,000 | -$82,475 (-14.5%) | 98 |
| 2867 Roland Avenue |
$850,000 | $920,000 | -$70,000 (-7.6%) | 41 |
— Here are some key statistics on the sales that closed this week:
| Closed Sales Stats | 9-10-11 | Prior Week |
|---|---|---|
| # Closed Sales | 9 | 8 |
| # of Sales Below List (% of total) | 6 (66%) | 6 (75%) |
| SP/Orig List % | 96% | 96% |
| Average DOM of Closed Sales | 36 | 68 |
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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 |
|---|---|---|
| 204 Devonshire Boulevard |
87 | $1,399,000 |
| 3101 Brittan Avenue | 15 | $1,048,000 |
| 701 Sunset Drive |
187 | $815,000 |
| 2100 Eaton Avenue | 7 | $895,000 |
| 1912 Howard Avenue | 8 | $949,999 |
(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 |
|---|---|---|---|---|
| 134 Hillcrest Road |
$1,795,000 | 4BR/3BA | 2,490/9,628 | Silvia Martinelli, Realty World |
| 1386 Chestnut Street | $1,595,000 | 4BR/2.5BA | 2,320/5,800 | Cheri Cerna, Coldwell Banker |
| 141 Exeter Avenue | $1,248,000 | 4BR/3BA | 3,190/12,100 | Ronda O'Leary, Coldwell Banker |
| 2725 Clifford Avenue | $1,129,000 | 3BR/2.5BA | 2,040/10,400 | Melanie Smith, Coldwell Banker |
| 1480 Cordilleras Avenue | $875,000 | 3BR/2BA | 1,400/5,500 | Susan Berry, Coldwell Banker |
| 93 Highland Avenue | $999,888 | 4BR/2BA | 2,060/6,080 | Jack Hirsch, Realty World |
| 3181 La Mesa Drive |
$897,000 | 4BR/2BA | 1,910/6,800 | Laura Bertolacci, Today Sothebys |
| 1944 Arroyo Avenue | $899,000 | 3BR/2BA | 1,501/5,750 | John Shroyer, Today Sothebys |
| 1306 Cordilleras Avenue | $715,000 | 2BR/1BA | 1,000/4,615 | Alexandria Skylar, Alain Pinel Realtors |
| 258 Cedar Street | $699,000 | 3BR/2BA | 1,540/6,000 | John Shroyer, Today Sothebys |
| 2696 San Carlos Avenue |
$679,000 | 2BR/1BA | 1,020/12,608 | Amy Anderson, Intero |
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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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