The San Carlos Real Estate Week in Review: 5-26-12.

San Carlos Real Estate Summary.

The San Carlos real estate market continues to run unabated even as we wrap up the month of May.   Buyers are continuing to push the envelope as multiple offers are still the norm and not the exception.   Of the 9 homes that went pending this week, 7 of them had been on the market for only about 2 weeks or less — which is an undeniable statement about the strength of the market right now.   Even the closed sales reflect the sustained growth of the market, with 7 of the 9 sales closing at or above the asking price.

Here are the numbers for the week:

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 5-26-2012:

San Carlos Housing Data	5-26-12	Prior Week
Closed Sales for the Week:	9	4
Average Sold Price	$1,127,132	$1,060,650 (+6.3%)
Average $/Sq Foot (Sold)	$582	$582
Sold Price vs Orig List (%)	101%	108%
Average DOM of Closed Sales	21	48
No. of Homes Pending Sale:	41	40
Inventory of Active Listings:	34	37 (-8.1%)
Average Price of Active Listings:	$1,294,792	$1,206,612 (+7.3%)
Average DOM of Active Listings:	20	20
Average $/Sq Foot (List)	566	—
Active-Pending Ratio:	0.83 : 1	0.9 : 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
1 Lewis Ranch Road	$2,600,000	$2,750,000	-$150,000 (-6.7%)	55
79 Hilltop Drive	$1,162,800	$1,050,000	+$112,800 (+10.7%)	6
411 Hill Way	$1,075,000	$1,099,500	-$24,500 (-2.2%)	80
15 Anchor Lane	$1,010,000	$975,000	+35,000 (+3.6%)	9
1265 Eaton Avenue	$1,010,000	$998,000	+12,000 (+1.2%)	5
46 Vine Street	$802,500	$750,000	+$52,500 (+7.0%)	5
145 Madera Avenue	$993,888	$993,888	$0 (+0%)	11
112 Brook Street	$775,000	$700,000	+$75,000 (+10.7%)	8
1371 Orange Avenue	$715,000	$679,000	+$36,000 (+5.3%)	8

Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.

(Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos in the past 3 months.)

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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
2233 Brittan Avenue	11	$799,000
2019 White Oak Way	4	$1,100,000
913 Bauer Drive	6	$919,000
427 Ridge Road	14	$927,000
140 Winding Way	15	$300,000
93 Highland Avenue	9	$979,000
134 Hillcrest Road	46	$1,749,000
316 Chesham Avenue	37	$1,195,000
404 Sycamore Street	8	$729,950

Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.

(Click the “Homes Pending Sale” sign 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
2826 Brittan Avenue	$2,549,500	5BR/4.5BA	3,617/22,500	Susan Gee Berry, Keller Williams
1439 Cedar Street	$1,450,000	3BR/2.5BA	2,250/4,640	Richard Sequeira, Alain Pinel Realtors
650 Dartmouth Avenue	$1,248,650	4BR/3BA	2,457/6,435	Holly Noto, Coldwell Banker
54 Ensenada Road	$999,000	3BR/2BA	1,670/27,456	Haifa Khoury, Today Sothebys
1600 Elm Street	$995,000	3BR/2BA	1,810/8,100	Michael Bohnert, Coldwell Banker
10 Cranfield Drive	$899,111	2BR/3.5BA	994/10,250	James O'Connor, Terrace Associates
2623 San Carlos Avenue	$798,888	3BR/2BA	1,790/7,000	Mo Bani-taba, Intero

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

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Condos and Townhomes Sold in San Carlos:

Below are the condos/townhouses that sold this past week. Click on the address for all of the details:

Address	Sold Price	Orig. List	Difference	DOM
1555 Cherry Street #1	$595,000	$589,000	+6,000 (+1.0%)	11
3366 Brittan Avenue #4	$385,000	$409,900	-$24,900 (-6.1%)	155

(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)

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Condo/Townhouse Pending Sales in San Carlos

The following condos/townhouses are now pending sale:

Address	DOM (days)
775 Chestnut Street #2	9

(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address or MLS # or all the details:

Address	List Price	BR/BA	Sq Feet	Listed By
1130 Royal Lane	$849,516	2BR/2.5BA	2,880	Nancy Palmer, Alain Pinel
1001 Laurel Street #406	$579,950	2BR/2BA	1,138	Maxine Dumas, Dumas & Company
728 Elm Street #308	$324,950	2BR/2BA	1,124	Sandy Paoli, Today Sothebys

(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)

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What's Open This Weekend?

Click the “Open House” sign below to see ALL of the homes and condos scheduled to be open this weekend in San Carlos.

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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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