The San Carlos Real Estate Week in Review: 12-24-11.

December 26, 2011

San Carlos Real Estate Summary.

Holiday shopping in San Carlos wasn't limited just to things that go under the tree.  Home shoppers in were quite busy in the week leading up to Christmas, as is evidenced by the 8 homes that went under contract!   That's certainly not the norm for this time of year, but it speaks volumes of the pent up demand for homes in San Carlos.   And that demand will remain constant until inventory levels boost up in the new year.  This latest surge in buying served to drop the available list of homes in San Carlos down to 28...which means there are far more homes pending sale (36) than for sale (28) — that doesn't happen very often!

Here's a quick snapshot of the inventory of San Carlos single family homes as of 12-24-2011:

Inventory 12-24-11 Prior Week
Active Listings 28 34 (-18%)
Average Price of Active Listings $987,792 $989,914 (-0.2%)
Average DOM of Active Listings 118 102
No. of Homes Pending Sale 36 29
Active:Pending Ratio
0.8 : 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

$– $-

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

Closed Sales Stats 12-24-11 Prior Week
# Closed Sales 0 5
# of Sales Below List (% of total) 0 (0%) 2 (40%)
Sold Price vs Orig List (%) 0% 101%
Average DOM of Closed Sales 0 19


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
112 Aster Road
49 $1,950,000
890 Hemlock Street
2 $930,000
68 Fay Avenue 78 $599,900
10 Molton Avenue 2 $665,000
942 Montgomery Street 33 $465,600
1223 Alameda 22 $530,000
46 Elston Court 235 $969,000
14 Estates Court 119 $1,050,000


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
1540 Hull Drive
$690,000 2BR/1BA 1,040/7,130 Christina Nguyen, Keller Williams


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