The San Carlos Real Estate Week in Review: 9-24-11.
September 26, 2011
San Carlos Real Estate Summary.
The numbers may not show it, but it was another brisk week for San Carlos real estate. It seemed as is there was a momentary pause in the buying activity for about 4-5 days as buyers tried to digest the surge of new listings that came on the market immediately after Labor Day weekend. But the market seems to be surging forward again. There are some great options for buyers in this market below the $900K mark, but they won't be around forever.
Here's a quick snapshot of the inventory of San Carlos single family homes as of 9-24-2011:
| Inventory | 9-24-11 | Prior Week |
|---|---|---|
| Active Listings | 50 | 54 (-7.4%) |
| Average Price of Active Listings | $1,035,591 | $999,499 (+3.6%) |
| Average DOM of Active Listings | 71 | 67 |
| No. of Homes Pending Sale | 39 | 38 (+2.6%) |
| Ratio of Active:Pending | 1.3 : 1 | 1.4 : 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 home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
| Address | Sold Price | Orig. List | Difference | DOM |
|---|---|---|---|---|
| 20 Pepper Lane | $870,000 | $875,000 | -$5,000 (-0.6%) | 9 |
| 742 Cordilleras Avenue | $840,000 | $939,950 | -$99,950 (-10.6%) | 101 |
| 2916 Sherwood Drive | $827,500 | $900,000 | -$72,500 (-8.1%) | 42 |
| 2008 Greenwood Avenue | $661,000 | $632,000 | +$29,000 (+4.6%) | 7 |
| 1968 Birch Avenue | $650,000 | $699,000 | -$49,000 (-7.0%) | 71 |
— Here are some key statistics on the sales that closed this week:
| Closed Sales Stats | 9-24-11 | Prior Week |
|---|---|---|
| # Closed Sales | 5 | 9 |
| # of Sales Below List (% of total) | 4 (80%) | 5 (83%) |
| SP/Orig List % | 95% | 94% |
| Average DOM of Closed Sales | 46 | 82 |
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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 any of these homes for additional info:
| Address | DOM (days) | List Price |
|---|---|---|
| 1386 Chestnut Street |
14 | $1,595,000 |
| 1306 Cordilleras Avenue |
12 | $715,000 |
| 3181 La Mesa Drive |
13 | $897,000 |
| 112 Windsor Drive |
10 | $925,000 |
| 985 McCue Avenue | 7 | $810,000 |
(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 |
|---|---|---|---|---|
| 11 El Sereno | $1,495,000 | 4BR/3BA | 2,140/11,000 | Janet Davis, Hometown Realty |
| 1905 Cedar Street | $1,399,950 | 3BR/2BA | 2,912/6,441 | Dave Blewett, Intero |
| 875 Sunset Drive |
$1,089,000 | 3BR/2.5BA | 1,730/10,900 | Mark Scafine, SC Properties |
| 2056 Arroyo Avenue | $859,900 | 3BR/1BA | 1,290/5,000 | Bob Bredel, Today Sothebys |
| 1426 Cordilleras Avenue | $649,000 | 3BR/1.5BA | 1,240/4,400 | Maria Neal, In-House Industries |
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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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Posted in:
Chuck –
What is up with 1426 Cordilleras? Why is the ask so low, especially since the the homes right across the street sold so quickly?
Fred
Fred,
Good question. I have not yet seen the property at 1426 Cordilleras, so I can’t comment on the apparent price disparity.
when there are no online pictures of the granite kitchen (or ANY of the interior) and the county record says it’s a 2 bedroom, chances are the garage is converted and the inside is a mess. Plus, by the looks of the ac unit in the window out back, I will bet it is/was a rental or just neglected and in serious need of renovation. Plus only a 4400 sf lot.
I think you have your answer; priced to sell.