The San Carlos Real Estate Week in Review: 10-29-11.

San Carlos Real Estate Summary.

The last full week of October finished fairly strong, with 4 listings finding new buyers.  The large number of sold homes (10) simply reflects the very strong sales environment that we enjoyed in the month of September.  Last month tied for the second-highest month of pending sales (along with May and June) since 2007.  You can expect to see a few more weeks of big numbers in that section of the review as the homes that were purchased in September close escrow.

Low interest rates are keeping the buyers out there on the hunt, even if there are only 45 homes to choose from in all of San Carlos.

Here's a quick snapshot of the inventory of San Carlos single family homes as of 10-29-2011:

Inventory	10-29-11	Prior Week
Active Listings	45	47 (-4.3%)
Average Price of Active Listings	$969,688	$950,793 (+2.0%)
Average DOM of Active Listings	63	71
No. of Homes Pending Sale	32	37 (-13.5%)
Active:Pending Ratio	1.4 : 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 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
1386 Chestnut Street	$1,600,000	$1,595,000	+$5,000 (+0.3%)	14
2725 Clifford Avenue	$1,185,000	$1,129,000	+$56,000 (+5.0%)	9
880 Crestview Drive	$1,025,000	$1,159,000	-$134,000 (-11.6%)	114
300 Clifton Avenue	$1,015,000	$1,198,000	-$183,000 (-15.7%)	107
112 Windsor Drive	$943,800	$925,000	+$18,800 (+2.0%)	10
985 McCue Avenue	$805,300	$810,000	-$4,700 (-0.6%)	7
2696 San Carlos Avenue	$669,000	$679,000	-$10,000 (-1.5%)	15
272 Fir Street	$615,000	$615,000	$0 (0.0%)	0
967 Hall Street	$500,000	$680,000	-$180,000 (-26.4%)	350
1021 Holly Street	$444,000	$599,000	-$155,000 (-25.9%)	176

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

Closed Sales Stats	10-29-11	Prior Week
# Closed Sales	10	5
# of Sales Below List (% of total)	6 (60%)	2 (40%)
SP/Orig List %	94%	99%
Average DOM of Closed Sales	63	45

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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
940 Tamarack Avenue	14	$780,000
130 Oakview Drive	57	$649,000
1010 Crestview Drive	221	$999,000
131 Northam Avenue	7	$949,000

(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
112 Baytree Road	$1,250,000	4BR/2BA	2,300/5,250	Karon Knox, Prudential
10 Granite Court	$1,198,000	3BR/2BA	2,050/7,080	Faye Weng, Alain Pinel Realtors
1028 Hewitt Drive	$1,050,000	3BR/2BA	1,900/8,400	Lauson Fargher, Realcom Associates
732 Cedar Street	$690,000	2BR/1BA	1,210/8,400	Carol Pefley, Realty World
399 Winding Way	$624,500	2BR/1BA	780/16,000	Alipate Sanft, SC Properties

 

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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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