Absorption Rate for San Carlos Real Estate for Week Ending 1-10-10

Posted on 10 January 2010 by vvandervort

rain dropsHappy New Year!  I hope you had a relaxing end to your 2009 and found some quality time to spend with friends and family.  I enjoyed getting away for a vacation with my extended family and am now looking forward to getting back into the swing of things. 

2010 promises to be an interesting year in real estate!  Many people are making their predictions for what will happen in the next 12 months.  In a few weeks, I will be posting my year end summary of the San Carlos real estate market and at that time will put forward my thoughts on 2010.  What I can say for sure… is that as soon as I got back into town, I had several clients calling me about making offers on properties and the ones they were calling on were in multiple offers.  I so wished that these buyers would have acted in December when things were a little less active.  It seems every year there is a significant group of people who are resolved to buy real estate and they get active as soon as the calendar turns. 

Okay, onto what’s happened this last week.  Four single family homes listed in San Carlos.  They are:

Street Address List Price Beds Baths (F|P) MLS Number Age
988 HOLLY ST $399,000 2 1|0 81001058 71
1125 WALNUT ST $769,888 1 1|0 81000939 65
434 HILL WY $1,465,800 3 2|1 81000520 5
2630 HOWARD AV $1,695,000 4 3|0 81000119 0

There was actually a 5th – 1805 White Oak Way, but that one was just a relist.

Only one went pending in San Carlos this week, which is why I put all the rain drops in this post because it could get really soggy if we have 4 properties list per week and only one sell. The lucky sellers in San Carlos this week were:

Street Address List Price Beds Baths (F|P) MLS Number Age
119 CHESHAM AV $849,000 3 2|0 80951527 50

Wishing you a fabulous start to 2010!

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