Absorption Rate for San Carlos Real Estate for Week Ending February 7, 2010

Posted on 07 February 2010 by vvandervort

If you’re more curious about the absorption rate for San Carlos real estate than you are about the Super Bowl, you’re in the right place.  The game is actually going on right now, but, man, I’ve got things to do!  This week, I’ve decided to start adding another bit of data to my weekly report on the absorption rate and that is to list the homes that closed escrow in the last week in San Carlos.  People obviously love this info, so I don’t know why I haven’t posted it before now.  But… now you can come here to find out what your neighbor’s house sold for or to see what something sold for that you saw during an open house.

On to the numbers – real estate numbers that is – not football scores.

We currently have 29 homes on the market in San Carlos.  We’re staying steady as there were also 29 homes on the market last week.  We had exactly double that (58) a year ago.

Four homes in San Carlos were listed in the last week.  They are:

Street Address List Price Beds Baths (F|P) Bldg SqFt Age MLS Number 1101 ORANGE AV $779,000 2 1|0 1220 70 81004505 1636 GREENWOOD AV $819,000 3 1|0 1300 62 81004510 15 ARCH LN $949,000 4 2|1 2120 44 81005509 813 TAMARACK AV $1,165,000 3 3|0 2540 61 81005373

The San Carlos buyers bought up the same exact number that got listed.  That’s good absorption!

Street Address List Price Beds Baths (F|P) Bldg SqFt Age MLS Number 1983 BELLE AV $759,000 2 1|0 1070 64 81002926 1101 ORANGE AV $779,000 2 1|0 1220 70 81004505 1345 WOODLAND AV $839,000 3 2|0 1630 69 81003144 724 TAMARACK AV $868,000 3 2|1 2070 69 81002018

That’s fantastic that 1983 Belle sold.  I mentioned that home in a previous posting.  It says very good things about the San Carlos market that it went pending so quickly.

Now the new bit.  Here’s what closed escrow this week in San Carlos:

Street Address Orig List Price Sale Price Beds Baths (F|P) Bldg SqFt Age MLS Number 119 CHESHAM AV $868,500 $835,000 3 2|0 1870 50 80951527

Some piece of data I’m missing?  Just contact me.

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