The San Carlos Real Estate Week in Review: 1-21-12.

January 22, 2012

San Carlos Real Estate Summary.

Buyers continued to wait patiently this past week for more homes to hit the market.  But with only three new listings to consider, and six homes getting into contract, the inventory of single-family homes for sale in San Carlos once again dropped below the 30 mark.  This inventory level is very typical for January, but such a strong pent-up demand this early in the year is anything but typical.   This bodes well for a healthy spring market… when it eventually gets here.

By The Numbers.

Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 1-21-2012:

San Carlos Housing Data 1-21-12 Prior Week
Inventory of Active Listings:
29 31 (-6.5%)
Average Price of Active Listings: $951,909 $947,718 (+0.4%)
Average DOM of Active Listings: 122 122
Homes Pending Sale: 27 25 (+8%)
Active-Pending Ratio:
1.1 : 1 1.2 : 1
Closed Sales for the Week:
4 5
Average Sold Price
$861,750 $909,753
Sold Price vs Orig List (%) 102% 91%
Average DOM of Closed Sales 28 49

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
1040 San Remo Way $1,073,000 $998,000 +$75,000 (+7.5%)
890 Hemlock Street $994,000 $930,000 +$64,000 (+6.9%)
735 Orange Avenue $785,000 $799,000 -$14,000 (-1.8%)
2611 Thornhill Drive
$595,000 $654,500 -$59,500 (-9.1%)


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
149 Crestview Drive
261 $1,225,000
379 De Anza Avenue 1 $749,000
899 Crestview Drive 5 $998,000
774 Cedar Street
9 $699,000
1189 Elm Street 104 $799,000
1005 Lupin Way
90 $748,888


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
41 Pine Avenue $1,149,000 3BR/2.5BA 1,680/12,544 George Chopoff, RE/MAX Star
2825 Tramanto Drive $925,000 3BR/2BA 1,500/10,125 Stanley Lo, Green Banker
52 Roslyn Avenue $865,000 3BR/2BA 1,850/5,280 David Young, Coldwell Banker



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