The San Carlos Real Estate Week in Review: 10-15-11.

San Carlos Real Estate Summary.

If you doubt the strength of the San Carlos real estate market, do so at your own peril.  This past week reminded all of us that the market for certain homes is still very hot, even this late in the year.   This past week, the homes at 1832 Chestnut Street, 2072 Arroyo Avenue, and 1020 Crestview Drive all sold with multiple offers in only their first week on the market!    If you happen to be in the market for a nice 3BR home in San Carlos, this should serve as a reminder that you've got to stay on top of the listings as they come up, and be prepared to move quickly and decisively in this market.   As the events of the past few weeks have show, there's still more competition than there are available homes.

Here's a quick snapshot of the inventory of San Carlos single family homes as of 10-15-2011:

Inventory	10-15-11	Prior Week
Active Listings	46	48 (-4.2%)
Average Price of Active Listings	$971,336	$966,655 (+0.5%)
Average DOM of Active Listings	64	64
No. of Homes Pending Sale	38	39 (-2.6%)
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
2246 Carmelita Drive	$1,550,000	$1,528,000	+$22,000 (+1.4%)	13
204 Devonshire Boulevard	$1,370,000	$1,698,000	-$328,000 (-19.3%)	87
141 Exeter Avenue	$1,175,000	$1,248,000	-$73,000 (-5.8%)	16
3101 Brittan Avenue	$1,100,000	$1,048,000	+$52,000 (+5.0%)	15
1912 Howard Avenue	$988,000	$949,999	+$38,001 (+4.0%)	8
309 Emerald Avenue	$930,000	$968,000	-$38,000 (-3.9%)	19
3191 Brittan Avenue	$925,000	$899,000	+$26,000 (+2.9%)	6
2100 Eaton Avenue	$904,000	$895,000	+$9,000 (+1.0%)	7
1480 Cordilleras Avenue	$875,000	$875,000	$0 (0%)	9

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

Closed Sales Stats	10-15-11	Prior Week
# Closed Sales	9	5
# of Sales Below List (% of total)	3 (33%)	4 (80%)
SP/Orig List %	97%	90%
Average DOM of Closed Sales	20	76

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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
3 Plymouth Avenue	104	$699,000
1464 Oakhurst Avenue	29	$820,000
959 Holly Street	150	$495,000
1020 Crestview Drive	6	$979,000
1492 Walnut Street	49	$929,000
349 Hill Way	135	$929,000
1832 Chestnut Street	7	$958,000
2072 Arroyo Avenue	8	$962,000

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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
934 Woodland Avenue	$1,315,000	3BR/2BA	2,030/9,460	David Young, Coldwell Banker
3261 Melendy Drive	$1,249,950	4BR/2.5BA	3,070/8,450	Dave Blewett, Intero
1265 Eaton Avenue	$998,000	3BR/2.5BA	1,470/7,000	John Reese, Intero
1125 Rosewood Avenue	$879,000	3BR/2BA	1,430/4,800	Justine Ford, Today Sothebys
940 Tamarack Avenue	$780,000	3BR/1BA	1,240/5,720	Shahla Piff, Century 21
327 Fairfield Drive	$399,000	2BR/1BA	820/5,000	Vince Cardinale, 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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