The San Carlos Real Estate Week in Review: 10-22-11.

October 25, 2011

San Carlos Real Estate Summary.

You can almost feel the late days of fall starting to cool off the housing market in San Carlos just a bit — as it always does this time of year.   As we get within a month Thanksgiving, you expect to see fewer new listings and fewer homes going into contract.  That was definitely the case this week — only 3 new listings and 4 pending sales.   That's less than half the run-rate we were at just a few weeks ago.  But statistically, this market always slows down about now.  That doesn't mean you should stop looking to purchase a home in San Carlos –it just means you can expect to have less new inventory to choose from until about January when things start to crank up for the new year.

Here's a quick snapshot of the inventory of San Carlos single family homes as of 10-22-2011:

Inventory 10-22-11 Prior Week
Active Listings 47 46 (+2.2%)
Average Price of Active Listings $950,793 $971,336 (-2.1%)
Average DOM of Active Listings 71 64
No. of Homes Pending Sale 37 38 (-2.6%)
Active:Pending Ratio
1.3 : 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
20 Ensenada Road $975,000 $948,500 +$26,500 (+2.8%) 118
3181 La Mesa Drive $905,000 $897,000 +$6,000 (+0.7%) 13
324 Emerald Avenue
$882,000 $928,000 -$46,000 (-5.0%) 45
136 Chestnut Avenue $845,000 $870,000 -$25,000 (-2.9%) 32
258 Cedar Street
$699,000 $699,000 $0 (0%) 17

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

Closed Sales Stats 10-22-11 Prior Week
# Closed Sales 5 5
# of Sales Below List (% of total) 2 (40%) 3 (33%)
SP/Orig List % 99% 97%
Average DOM of Closed Sales 20

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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
145 Wildwood Avenue
20 $699,000
815 Buckland Avenue
62 $1,050,000
162 Rockridge Road
20 $1,575,000
123 Rockridge Road
88 $1,049,000

(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
131 Northam Avenue
$949,000 4BR/3BA 2,430/5,600 Greg Booth, NetEquity
1047 Northwood Drive
$825,000 4BR/2BA 2,110/5,000 Judy Citron, Alain Pinel Realtors
1005 Lupin Way
$788,888 3BR/1.5BA 1,345/10,600 Lorelei Keim, Coldwell Banker

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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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