The San Carlos Real Estate Week in Review: 10-8-11.

San Carlos Real Estate Summary.

The fall real estate market in San Carlos just keeps marching along to its own beat.  It seems as if even more buyers are out seriously looking now that interest rates have fallen to all-time lows (look for more on that in another post.)   Of the 5 homes that went pending this past week, 4 of them were on the market for less than 2 weeks, so things are still selling relatively quickly.    And with 8 new listings replenishing the homes that sold, buyers should have some good options to consider this week in ALL parts of San Carlos.

Here's a quick snapshot of the inventory of San Carlos single family homes as of 10-8-2011:

Inventory	10-8-11	Prior Week
Active Listings	48	47 (+2.1%)
Average Price of Active Listings	$966,655	$1,033,606 (-6.5%)
Average DOM of Active Listings	65	65
No. of Homes Pending Sale	39	40 (-2.5%)
Active:Pending Ratio	1.2 : 1	1.2 : 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
157 Glasgow Lane	$1,320,000	$1,595,000	-$275,000 (-17.2%)	120
701 Sunset Drive	$790,000	$929,000	-$139,000 (-15.0%)	187
420 Pearl Avenue	$721,000	$699,000	+$22,000 (+3.1%)	14
1536 Cherry Street	$645,000	$650,000	-$5,000 (-0.8%)	29
260 Fir Street	$635,000	$679,000	-$44,000 (-6.5%)	31

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

Closed Sales Stats	10-8-11	Prior Week
# Closed Sales	5	4
# of Sales Below List (% of total)	4 (80%)	2 (50%)
SP/Orig List %	90%	92%
Average DOM of Closed Sales	76	57

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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
2740 Victoria Manor	8	$1,049,000
300 Clifton Avenue	107	$1,025,000
11 El Sereno	14	$1,495,000
1426 Cordilleras Avenue	13	$649,000
121 Plymouth Avenue	7	$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
1223 Greenbrier Road	$1,020,000	3BR/2BA	2,010/9,144	Cheryl Fletcher, Home Team
1020 Crestview Drive	$979,000	3BR/2BA	2,050/7,370	Justine Ford, Today Sothebys
2072 Arroyo Avenue	$962,000	3BR/2BA	1,810/5,000	Leila Sisneros, Today Sothebys
1832 Chestnut Street	$958,000	3BR/2BA	1,510/4,725	Chuck Gillooley, Alain Pinel Realtors
1189 Elm Street	$829,000	3BR/2BA	1,350/4,800	Patrick Ryan, Alain Pinel Realtors
19 Winding Way	$810,000	2BR/2BA	1,370/14,425	Jeanne Gallager, Better Homes
428 Sycamore Street	$769,000	3BR/2BA	1,790/5,650	Brian Boisson, Prudential
68 Fay Avenue	$639,900	2BR/3BA	1,120/11,130	Chris Suarez, Quantum Realtors

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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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