The San Carlos Real Estate Week in Review: 10-27-12.

San Carlos Real Estate Summary.

The final week of October is already upon us — it's hard to fathom that the holidays are only about 8 weeks away.  Home sales remained steady this past week with 4 homes going into contract.  It was rumored that 3162 La Mesa Drive got nearly two dozen offers!  And 882 Hemlock Street, which will close escrow this week, actually sold with multiple offers before it ever hit the market.  So much for the market cooling off as we approach the end of the year.    If you are still hesitant about whether to list your home now, as opposed to waiting until next year, this should hopefully resolve any doubt about the strength of the market.

Here are the numbers for last 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 10-27-2012:

San Carlos Housing Data	10-27-12	Prior Week
Closed Sales for the Week:	5	6
Average Sold Price	$1,092,040	$1,256,750 (-13%)
Average $/Sq Foot (Sold)	$519	$563
Sold Price vs Orig List (%)	94%	104%
Average DOM of Closed Sales	52	25
No. of Homes Pending Sale:	34	34
Inventory of Active Listings:	28	29 (-3.4%)
Average Price of Active Listings:	$1,531,212	$1,406,602
Average DOM of Active Listings:	62	55
Average $/Sq Foot (List)	$574	$579
Active-Pending Ratio:	0.82 : 1	0.85 : 1

The San Carlos Open House Page.

If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, 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
109 Kings Court	$2,400,000	$2,699,000	+$299,000 (+11.1%)	92
2740 Milano Way	$1,125,000	$1,150,000	-$25,000 (-2.2%)	22
1007 Sylvan Drive	$750,000	$739,000	+$11,000 (+1.5%)	11
946 Hall Street	$695,300	$649,000	+$46,300 (+7.1%)	13
140 Winding Way	$489,900	$559,500	-$69,600 (-12.4%)	120

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.

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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
882 Hemlock Street	2	$898,000
133 Wildwood Avenue	8	$775,000
2432 San Carlos Avenue	44	$699,950
3162 La Mesa Drive	12	$998,000

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
901 Bauer Drive	$1,395,000	5BR/3BA	3,080/6,732	Alba Lopez, Coldwell Banker
193 Lemoore Drive	$1,149,950	4BR/3BA	2,520/8,500	Maxine Dumas, Dumas & Company
381 Dartmouth Avenue	$1,095,000	4BR/2.5BA	2,240/7,140	Rod Creason, Coldwell Banker
1037 Elm Street	$775,000	3BR/2.5BA	1,230/6,000	Jaime Jones, Intero

Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.

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