The San Carlos Real Estate Week in Review: 12-15-12.

San Carlos Real Estate Summary.

As predicted, the inventory of homes for sale continued to drop this week, and now sits at 14 homes for sale in all of San Carlos.  Of these 14 homes, 4 of them are spec homes or remodels that are in process, so the net effective inventory is really 10.   Ouch.  By comparison, there are only 11 homes for sale in Belmont, so it's clearly an issue that spans outside of San Carlos.    Sellers who have their homes ready to sell are likely waiting until after the New Year to put their homes on the market.  Let's just hope there are lots of them waiting to go.

Here are the numbers from 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 12-15-2012:

San Carlos Housing Data	12-15-12	Prior Week
Closed Sales for the Week:	7	4
Average Sold Price	$1,134,375	$879,000 (+29%)
Average $/Sq Foot (Sold)	$600	$670
Sold Price vs Orig List (%)	102%	101%
Average DOM of Closed Sales	16	76
No. of Homes Pending Sale:	17	22
Inventory of Active Listings:	14	16 (-13%)
Average Price of Active Listings:	$1,757,354	$1,778,875
Average DOM of Active Listings:	93	94
Average $/Sq Foot (List)	$542	$568
Active-Pending Ratio:	0.82 : 1	0.73 : 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
112 Beverly Drive	$1,565,000	$1,585,000	-$20,000 (-1.3%)	10
3313 Melendy Drive	$1,299,000	$1,299,000	$0 (0%)	12
140 Colton Avenue	$1,235,000	$1,199,888	+$35,112 (+2.9%)	5
193 Lemoore Drive	$1,178,000	$1,149,950	+$28,050 (+2.4%)	13
2508 Nanette Drive	$1,040,000	$1,198,000	-$158,000 (-13.2%)	59
800 Bauer Drive	$980,000	$899,000	+$81,000 (+9.0%)	10
28 Winding Way	$945,000	$849,500	+$95,500 (+11.2%)	14
1035 McCue Avenue	$833,000	$715,000	+$118,000 (+16.5%)	6

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.

___________________________________________________________________

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
511 Hillcrest Road	14	$895,000
3394 Melendy Drive	11	$1,499,000
1322 Pebble Drive	183	$1,695,000
1353 Avenue	7	$949,000
2430 Eaton Avenue	8	$1,095,000

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.

___________________________________________________________________

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
2706 Brittan Avenue	$1,125,000	4BR/3BA	2,020/6,652	Sylvia Calderon, Green Bay Realty

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

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

___________________________________________________________________