The San Carlos Real Estate Week in Review: 11-16-13.

Heading into the Holidays.

We are now less than two weeks from Thanksgiving, and the inventory of homes for sale in San Carlos is dropping like the evening temperature.  In a real estate year that seems to shrug off the calendar, homes are still getting snapped up at a frantic pace even this late in the season.   As of this morning, there are only 11 homes for sale across the entire town.  That number actually dropped well below 10 this weekend , which briefly put us at the lowest level of the entire year.

Sellers are warming to the fact that (for the right house) they can put their home on the market this late in the year and still have a horde of buyers beating a path to their door.   This doesn't mean it's the right decision for every seller, and some will rightfully opt to wait until the Spring market of 2014 to list their homes.    But when you realize that there's not a single home for sale in all of White Oaks or Oak Park right now,  you simply can't ask for more favorable conditions to sell your home.

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 11-16-2013:

San Carlos Housing Data	11-16-13	Prior Week
Closed Sales for the Week:	2	8
Average Sold Price	$1,200,000	$1,391,385
Average $/Sq Foot (Sold)	$745	$752
Sold Price vs Orig List (%)	111%	106%
Average DOM of Closed Sales	19	19
No. of Homes Pending Sale:	25	21
Inventory of Active Listings:	11	13
Average Price of Active Listings:	$1,703,545	$1,606,923
Average DOM of Active Listings:	47	48
Average $/Sq Foot (List)	$594	$636
Active-Pending Ratio:	0.44 : 1	0.62 : 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
1500 Saint Francis Way	$1,525,000	$1,295,000	+$230,000 (+17.8%)	7
19 Winding Way	$875,000	$875,000	0 (0%)	30

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
1374 Alameda	110	$899,000
973 Alameda	24	$838,000
61 Devonshire Circle	11	$1,297,000
1409 Cordilleras Avenue	7	$1,795,000
1384 Chestnut Street	14	$1,120,000
3157 La Mesa Drive	11	$1,679,000

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.

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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
121 Beverly Drive	$1,398,000	4BR/3BA	2,410/6,400	Dan Ziony, Coldwell Banker
60 Wessex Way	$1,395,000	3BR/2BA	1,860/8,991	Bob Bredel, Today Sothebys
1044 Hewitt Drive	$1,199,000	3BR/2.5BA	1,965/12,136	Nancy Palmer, Alain Pinel Realtors
2087 Belle Avenue	$1,075,000	4BR/2BA	1,750/5,650	Gordie Burton, Coldwell Banker
2516 San Carlos Avenue	$849,000	2BR/2BA	1,270/8,000	Linda Maltby, RE/MAX Accord

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