San Carlos’ Real Estate Absorption Rate for Week Ending Dec. 6, 2009

Posted on 07 December 2009 by vvandervort

We currently have 33 single family homes on the market in San Carlos. 

This last week 2 new single family homes were listed in San Carlos.  They are:

1944 EATON AV $959,000 3 2|1 1,700 SqFt 4,500+ to 6,500 SqFt 59 San Carlos 1 80955638
19 WHITMAN CT $899,000 3 2|0 1,760 SqFt 4,500+ to 6,500 SqFt 41 San Carlos 1 80955813

I hummed and hahed about putting in 19 Whitman Ct because it has been on the market for 171 days now, but it just got relisted by a different agent and at a lower price (had previously been at $930,000).   Just a little FYI for all of you buyers and sellers in the heat of real estate right now.  Earlier this year, our MLS changed a policy so that when a home gets relisted by a different agent, the days on market does not zero out.  A year ago, when a house got relisted with a different agent, the days on market went to zero.  This can be an really important factor in how negotiations go.  I personally don’t think it is fair of the MLS to penalize the home owner by not allowing the days on market to be zeroed out when they switch agents.  The ONLY way that the days on market now can get zeroed out is when the home has been off the market for at least 30 days. 

I digress!  Back to absorption rates… Here are the single family homes in San Carlos that sold this week:

2120 BELMONT AV $909,000 3 2|0 1,418 SqFt 4,500+ to 6,500 SqFt 60 San Carlos 1 80955117
1349 BRITTAN AV $759,000 3 1|0 1,360 SqFt 4,500+ to 6,500 SqFt 62 San Carlos 1 80953734
776 TAMARACK AV $719,950 3 2|0 1,540 SqFt 4,500+ to 6,500 SqFt 62 San Carlos 1 80949686
184 SYCAMORE ST $649,000 2 1|0 1,220 SqFt 6,500+ to 8,000 SqFt 61 San Carlos 1 80952834

No surprise that 2120 Belmont Ave in San Carlos is a “pending no show”.  That was a sweet house and when they got multiple offers, no doubt, someone put in an excellent offer. 

So if we had 2 listed and 4 sell this week and an inventory of 33 homes, we would get through our current inventory in 16.5 weeks.

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