The San Carlos Real Estate Week in Review: 12-21-13.

Cleaning House.

As we head into the final full week of the year, the inventory of homes for sale in just about every community on the Peninsula has been pretty well picked over.   San Carlos now only has  3 homes for sale in the entire city, and they have been on the market for a combined average of 93 days.   Belmont has only 4 home for sale as well, while San Mateo has 12, and Redwood City has 25.

These are all remarkably low numbers, even when you consider where we are in the calendar year.  I can't recall a time when there were only 3 homes for sale in San Carlos – ever.   But it's important for buyers to not let this void of listings allow you to lose focus on the task at hand.   As I've stated before, I believe the market will come charging out of the gate in early January, and faster than you can say “Happy New Year”, there will be quite a few more homes to choose from.   Those buyers that remain on task over the holidays should be rewarded when the new year starts.

Happy Holidays from the White Oaks Blog!    Here are the details 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 12-21-2013:

San Carlos Housing Data	12-21-13	Prior Week
Closed Sales for the Week:	6	11
Average Sold Price	$1,450,000	$1,076,091
Average $/Sq Foot (Sold)	$702	$743
Sold Price vs Orig List (%)	106%	106%
Average DOM of Closed Sales	7	22
No. of Homes Pending Sale:	20	21
Inventory of Active Listings:	3	6
Average Price of Active Listings:	$1,514,650	$1,281,658
Average DOM of Active Listings:	74	49
Average $/Sq Foot (List)	$629	$636
Active-Pending Ratio:	0.15 : 1	0.29 : 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
1409 Cordilleras Avenue	$1,900,000	$1,795,000	+$105,000 (+5.8%)	7
38 Club Drive	$1,650,000	$1,595,000	+$55,000 (+3.4%)	8
108 Glasgow Lane	$1,350,000	$1,289,000	+$61,000 (+4.7%)	0
1924 Eaton Avenue	$1,300,000	$1,249,000	+$51,000 (+4.1%)	8
1044 Hewitt Drive	$1,280,000	$1,199,000	+$81,000 (+6.8%)	11
2087 Belle Avenue	$1,220,000	$1,075,000	+$145,000 (+13.5%)	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.

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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
1036 Hewitt Drive	21	$1,299,000
2424 Saint Francis Way	12	$1,179,000
2730 San Miguel Way	10	$1,275,000
2727 Clifford Avenue	3	$2,500,000

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
2727 Clifford Avenue	$2,500,000	5BR/4.5BA	2,920/18,375	Victoria Costantini, Today Sothebys

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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