The San Carlos Real Estate Week in Review: 12-17-11.

San Carlos Real Estate Summary.

As I predicted last week, the number of listings in San Carlos did indeed drop —  to a low of 32.   It will likely fluctuate around the low 30's until the market starts up again in the new year.  Buying activity was surprisingly strong, with 4 homes going into contract.  And some of the hotter fall issues closed escrow this past week.   The homes that sold at 112 Baytree Road, 131 Northam Avenue, and 387 Elm Street all fetched nice premiums over their listed prices.

Here's a quick snapshot of the inventory of San Carlos single family homes as of 12-17-2011:

Inventory	12-17-11	Prior Week
Active Listings	34	35 (-2.9%)
Average Price of Active Listings	$989,914	$965,630 (+2.5%)
Average DOM of Active Listings	102	85
No. of Homes Pending Sale	29	30
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
112 Baytree Road	$1,291,000	$1,250,000	+$41,000 (+3.3%)	9
3261 Melendy Drive	$1,200,000	$1,224,950	-$24,950 (-2.0%)	35
387 Elm Street	$1,185,000	$1,089,000	+$96,000 (+8.8%)	5
131 Northam Avenue	$1,000,000	$949,000	+$51,000 (+5.4%)	7
428 Sycamore Street	$660,000	$769,000	-$109,000 (-14.2%)	41

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

Closed Sales Stats	12-17-11	Prior Week
# Closed Sales	5	2
# of Sales Below List (% of total)	2 (40%)	2 (100%)
Sold Price vs Orig List (%)	101%	93%
Average DOM of Closed Sales	19	47

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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
735 Orange Avenue	26	$799,000
1040 San Remo Way	11	$998,000
143 Ruby Avenue	17	$799,000
1334 Cordilleras Avenue	23	$738,000

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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
890 Hemlock Street	$930,000	3BR/1BA	1,430/13,800	Mike Boos, Alain Pinel Realtors
10 Molton Avenue	$699,000	3BR/2BA	1,330/7,772	John Shroyer, Today Sothebys

(Click the “Homes For Sale” button below to see ALL of the homes currently for Sale in San Carlos.)

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