The San Carlos Real Estate Week in Review: 10-5-13.

Back to Low Inventory.

Don't look now, but the inventory of single-family homes for sale in San Carlos just took another nose dive.   As of this morning, there are only 12 homes for sale in the entire city, and that number may drop even further by the end of the day today.   This is all because 8 homes went into contract last week, and there were only 3 new listings to fill the gap.   Clearly, there is still strong buyer demand in San Carlos, and sellers should take this as proof that this real estate market knows no calendar.   Sellers will be able to move their home at any time throughout the end of this year.

If you're thinking about selling your home and debating on whether to wait until next year to list it, you really need to take heed of this climate.  The market is still so heavily in favor of sellers right now — especially now that there is virtually no competition.

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 10-5-2013:

San Carlos Housing Data	10-5-13	Prior Week
Closed Sales for the Week:	6	12
Average Sold Price	$1,044,917	$1,239,022
Average $/Sq Foot (Sold)	$677	$777
Sold Price vs Orig List (%)	103%	118%
Average DOM of Closed Sales	11	13
No. of Homes Pending Sale:	28	26
Inventory of Active Listings:	12	18
Average Price of Active Listings:	$1,820,663	$1,679,217
Average DOM of Active Listings:	43	46
Average $/Sq Foot (List)	$572	$552
Active-Pending Ratio:	0.43 : 1	0.69 : 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.

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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	Days on Market
245 Manor Drive	$1,275,000	$1,199,000	+$76,000 (+6.3%)	7
462 Emerald Avenue	$1,250,000	$1,175,000	+$75,000 (+6.4%)	7
346 Cedar Street	$1,022,500	$988,889	+$33,611 (+3.4%)	10
2704 Eaton Avenue	$960,000	$950,000	+$10,000 (+1.1%)	20
212 Windsor Drive	$912,000	$899,000	+$13,000 (+1.4%)	15
1434 Cordilleras Avenue	$850,000	$850,000	$0 (0%)	7

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 to see more details:

Address	DOM (days)	List Price
14 Estrada Place	82	$2,450,000
3145 La Mesa Drive	67	$1,488,000
3280 Brittan Avenue	13	$900,000
38 Cobblestone Lane	49	$1,599,000
723 Orange Avenue	7	$1,195,000
1224 Howard Avenue	7	$799,000
2204 San Carlos Avenue	7	$899,950
20 Barbara Lane	77	$1,098,000

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
124 Chesham Avenue	$1,659,000	4BR/4.5BA	2,730/10,250	Sarah Elder, Coldwell Banker
1518 Eaton Avenue	$1,295,000	3BR/2BA	1,480/5,950	Bob Bredel, Today Sothebys
753 Walnut Street	$1,095,000	4BR/2BA	1,470/5,500	Michael Verdone, Economic Concepts

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.)

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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
3352 La Mesa Drive #18	$711,000	$679,000	+$32,000 (+4.7%)	12
641 Cedar Street #101	$243,750	$243,750	$0 (0%)	0

(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)
25 Chicory Lane	10
6 Honeysuckle Lane	15

(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
—	—	—	—	—

(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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(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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