San Carlos Real Estate Absorption Rate for Week Ending February 28, 2010

Posted on 01 March 2010 by vvandervort

desert - crackly ground
This dry, crackly desert scene does a good job of describing our San Carlos Real Estate market for this last week.  We had 4 homes come on the market and 8 (EIGHT!) went pending.  Can’t you just feel things drying up? My buyers certainly can.  I have several who are anxious to buy in San Carlos and they can’t find a home that works for them.  The San Carlos inventory is currently at 30 and has been stable right around that number for many weeks now.  My San Carlos buyers would like to rewind to the fall when we had 50-60 houses on the market in San Carlos.

So here’s what listed this last week:
130 Acacia – $895,000 – 4/2.5 – 1710sf – MLS#81008188
11 Willow Glen Wy – $899,000 – 3/2 – 1280sf – MLS#81009007
885 Sunset Dr – $999,000 – 4/3 – 2600sf – MLS#81008742
324 Oakview Dr – $1,295,000 – 4/3.5 – 3490sf – MLS#81008746 (this home has gone pending already)

Here are the 8 homes that got into contract this last week in San Carlos:
309 Old County Rd – $499,000 – 2/1 – 820sf – MLS#81003402
120 Palm Av – $750,000 – 3/2 – 1560sf – MLS#81006601
117 Beverly Dr – $848,000 – 4/3 – 2180sf – MLS#81006378
350 Oakview Dr – $859,000 – 3/2 – 1120sf – MLS#81007795
724 Tamarack Av – $868,000 – 3/2.5 – 2070sf – MLS#81002018
60 Hartford Av – $1,150,000 – 3/2 – 1570sf – MLS#80954516
700 Best Ct – $1,795,000 – 4/3.5 – 4040sf – MLS#81002037
1357 Rosewood Av – $738,000 – 2/1 – 1160sf – MLS#80957846

The average days on market for these San Carlos homes was 41.  350 Oakview was on for the shortest time at 5 days and 60 Hartford Av was on for the longest at 94 days.

The homes that closed escrow in San Carlos in the last week were:
1357 Rosewood Av – listed $738,000 – sold $738,000 – 2/1 – 1160sf
1101 Orange Av – listed $779,000 – sold $790,000 – 2/1 – 1220sf
1944 Eaton Av – listed $959,000 – sold $985,000 – 3/2.5 – 1700sf
15 Buckland Ct – listed $978,000 – sold $905,000 – 3/2.5 – 1940sf

Need more data?  Call Val at 650-740-6025.

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