The San Carlos Real Estate Week in Review: 11-23-13.

A Week Off.

As we head into the short holiday week, home buyers in San Carlos won't need to allocate too much time looking for homes over the extended weekend.  As of this morning, there are only 10 single-family homes for sale in the entire city, and that number will likely drop significantly in the coming days as several of the newer listings will be taking offers prior to Thanksgiving.   We will definitely be in the single-digits before too long.

Hopefully, more sellers will opt to take advantage of the market conditions and decide to list their homes in December — otherwise, it's going to be a dry-spell to end this year for prospective home buyers.

Because of the short week and the lack of transactions to report, The San Carlos Real Estate Week in Review series will very likely take a one week hiatus.  The next edition will be on Monday, December 9th and will include the combined data for both weeks.   In the meantime, I hope everyone has a happy and safe Thanksgiving!

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 11-23-2013:

San Carlos Housing Data	11-23-13	Prior Week
Closed Sales for the Week:	1	2
Average Sold Price	$1,748,375	$1,200,000
Average $/Sq Foot (Sold)	$920	$745
Sold Price vs Orig List (%)	104%	111%
Average DOM of Closed Sales	11	19
No. of Homes Pending Sale:	28	25
Inventory of Active Listings:	11	11
Average Price of Active Listings:	$1,634,909	$1,703,545
Average DOM of Active Listings:	48	47
Average $/Sq Foot (List)	$577	$594
Active-Pending Ratio:	0.39 : 1	0.42 : 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
3157 La Mesa Drive	$1,748,375	$1,679,000	+$69,375 (+4.1%)	11

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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
121 Beverly Drive	3	$1,398,000
2087 Belle Avenue	7	$1,075,000
60 Wessex Way	7	$1,395,000

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
1924 Eaton Avenue	$1,249,000	3BR/2.5BA	1,870/5,600	Amy Earley, Coldwell Banker
2708 Eaton Avenue	$969,000	3BR/2BA	1,470/5,000	Norine Higgins, Today Sothebys
45 Shelford Avenue	$899,000	3BR/2.5BA	1,440/6,160	Chris Simone, Allison James

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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