Absorption Rate for San Carlos Real Estate for Week Ending January 31, 2010

Posted on 01 February 2010 by vvandervort

Rain drops splashing into pondIt’s already time to talk about the absorption rate of real estate in San Carlos for this last week.  I feel like the week flies by and I have great intentions of doing several posts, but time slips away.  One thing I really hope to find time to blog on this week is all of the things that are happening out there right now in the lending world that are going to affect our San Carlos real estate market and San Carlos property values. 

We currently have 29 single family homes on the market in San Carlos.  Up just one from last week.   We are down quite a bit from last year at this time when we had 56 single family homes on the market in San Carlos.

We had 5 homes get listed in San Carlos in the last week (that was the same amount that was listed the previous week).  They are:

Street Address List Price Beds Baths (F|P) Bldg SqFt MLS Number Age
309 OLD COUNTY RD $549,000.00 2 1|0 820 81003402 62
982 HOLLY ST $599,000.00 2 2|0 1180 81003344 71
331 FAIRFIELD DR $649,900.00 3 1|0 1740 81004274 62
2417 MELENDY DR $900,000.00 3 2|0 1850 81004196 51
2230 CARMELITA DR $1,399,950.00 4 3|0 2340 81004048 61

Don’t get 2417 Melendy confused with 2457 Melendy that got listed 2 weeks ago. 

This last week we had 3 properties go pending (the previous week it was 5).  Hmmm… maybe the buyers were vacationing last week.  I seemed to hear of lots of people taking off on trips.  Here are the happy sellers in San Carlos that had their homes go pending last week:

Street Address List Price Beds Baths (F|P) Bldg SqFt MLS Number Age
1651 ALAMEDA $501,500 2 1|0 920 80955030 63
49 FAY AV $832,000 3 2|0 1480 80946990 39
2457 MELENDY DR $959,000 4 2|1 2050 81002163 51

It truly is a crazy time out there for mortgage rate changes, so buyers, you might want to get out there shopping and get into something sooner rather than later.   My team and I just did a web seminar on this topic and it will be posted to SanCarlosRealEstateBlog in the upcoming week.

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