The San Carlos Real Estate Week in Review: 1-7-12.

San Carlos Real Estate Summary.

Welcome to 2012, and the first Week in Review report for the new year!   New listings are the fuel for a robust real estate market, and unfortunately there were no new listings to report this week.   This isn't unusual for this time of the year, since most sellers aren't ready to list their homes until around February.  But any new listings that come on market in January will enjoy the luxury of virtually no competition.    The average days on market (DOM) for all of the homes currently for sale in San Carlos is a whopping 129 days (that's over 4 months!), so buyers already know what's out there and they're ready to pounce on something new.

Here's a quick snapshot of the inventory of San Carlos single family homes as of 1-7-2012:

Inventory	1-7-12	Prior Week
Active Listings	28	28 (0%)
Average Price of Active Listings	$1,040,502	$987,792 (+5.3%)
Average DOM of Active Listings	129	118
No. of Homes Pending Sale	29	36 (-19%)
Active:Pending Ratio	0.97 : 1	0.8 : 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
934 Woodland Avenue	$1,200,000	$1,315,000	-$115,000 (-8.7%)	47
226 Timothy Drive	$1,000,011	$849,888	+$150,123 (+17.7%)	9
143 Ruby Avenue	$799,000	$799,000	$0 (0%)	17
1306 Cordilleras Avenue	$640,000	$715,000	-$75,000 (-10.5%)	90

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

Closed Sales Stats	1-7-12	Prior Week
# Closed Sales	4	3
Average Sales Price	$909,753	$–
Sold Price vs Orig List (%)	99%	98%
# of Sales Below List (% of total)	2 (50%)	2 (67%)
Average DOM of Closed Sales	41	50

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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
1905 Cedar Street	106	$1,226,000
130 Oakview Drive	124	$586,000

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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
—	$-	–	—	—

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