The San Carlos Real Estate Week in Review: 10-26-13.

Low Inventory.

Another strong buying week has once again pushed the inventory of single family homes in San Carlos down to paltry levels.    Five single family homes went into contract last week with only 3 new listings to replace them.  That net deficiency pushed the number of available homes down to 15 at the time of this post.   Worse yet, with 4 more listings that have set offer dates for this week, that inventory number will continue to plummet if there isn't a significant influx of new homes today or tomorrow.

If you're still on the fence about listing your home this late in the year, you should have no qualms about doing so.  You could not ask for more favorable market conditions to sell a home than what we have right now.

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 10-26-2013:

San Carlos Housing Data	10-26-13	Prior Week
Closed Sales for the Week:	7	9
Average Sold Price	$1,142,857	$1,179,056
Average $/Sq Foot (Sold)	$674	$592
Sold Price vs Orig List (%)	110%	111%
Average DOM of Closed Sales	10	24
No. of Homes Pending Sale:	21	22
Inventory of Active Listings:	15	16
Average Price of Active Listings:	$1,543,400	$1,550,615
Average DOM of Active Listings:	39	42
Average $/Sq Foot (List)	$602	$577
Active-Pending Ratio:	0.71 : 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.

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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
2425 Melendy Drive	$1,520,000	$1,498,000	+$22,000 (+1.5%)	11
723 Orange Avenue	$1,352,000	$1,195,000	+$157,000 (+13.1%)	7
2800 Roland Avenue	$1,275,000	$1,195,000	+$80,000 (+17.6%)	9
2204 San Carlos Avenue	$1,050,000	$899,950	+$150,050 (+16.7%)	7
3280 Brittan Avenue	$1,016,000	$900,000	+$116,000 (+12.9%)	13
1201 Oak Street	$1,000,000	$879,000	+$121,000 (+13.8%)	12
1040 Sylvan Drive	$787,000	$699,000	+$88,000 (+12.6%)	10

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 to see more details:

Address	DOM (days)	List Price
1100 Orange Avenue	11	$799,000
28 Oak Creek Lane	233	$2,850,000
30 Dover Court	13	$1,495,000
323 Chesham Avenue	13	$1,328,888
870 Crestview Drive	8	$1,398,000

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
209 Devonshire Boulevard	$1,289,000	4BR/2BA	1,980/6,000	Justine Ford, Today Sothebys
1036 San Remo Way	$1,150,000	3BR/2BA	1,670/9,500	Bobbi Decker, Today Sothebys
184 Ruby Avenue	$1,100,000	3BR/2BA	1,430/6,795	David Young, Coldwell Banker

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
5 Poppy Lane	$1,000,000	$999,000	+$1,000 (+0.1%)	115
25 Chicory Lane	$894,000	$875,000	+$19,000 (+2.2%)	10
1001 Laurel Street #412	$800,000	$669,000	+$131,000 (+19.6%)	8

(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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