San Carlos Real Estate Absorption Rate for Week Ending June 5, 2010

Posted on 08 June 2010 by vvandervort

Well  my last post was that we were experiencing major absorption in San Carlos real estate.  Last week was definitely different with 10 single family homes hitting the market in San Carlos and 5 going pending.  If it continues at that rate for a few weeks, we’ll be back into a buyers’ market.

As of today, we have 60 homes on the market in San Carlos, which is more than it has been for about a month now.

Last week the 10 homes that got listed in San Carlos were:
1051 Springfield Dr – $599,000 – 2/1 – 820 sf
9 Devonshire Blvd – $825,000 – 3/2 – 1,400 sf – this one has actually been on the market for a long time, but they took it off the market for over 30 days, which resets the “days on market” in the MLS back to zero.
893 Cordilleras Ave – $899,000 – 3/2 – 1,840 sf
637 Dartmouth Ave – $924,000 – 2/2 – 1,677 sf – this house has also been on the market recently
1311 Geneva Ave – $974,950 – 3/2 – 1,500 sf – wow, this is a nice house.  The backyard access is not perfect, but everything is done in this home.
350 Devonshire Blvd – $1,098,000 – 3/2 – 1,910 sf – this is the house I would buy of all the houses that got listed last week
427 Ridge Rd – $1,099,000 – 3/3 – 2,165 sf – you know, this was on the market before too and never sold.  I kind of wonder if the agents or owners on these houses think that the market is hot enough to put these houses on the market now and they’ll sell.  I’m not convinced they will because we definitely have the two markets of the perfect homes that sell and the flawed ones that don’t.
220 Bay View Dr – $1,150,000 – 4/3 – 1,940 sf – two words… “Over priced”
1067 Hewitt Dr – $1,385,000 – 4/2.5 – 2,200 sf – cool wine cellar at this home
225 Kelton Av – $949,000 – 3/2 – 1,810 sf – already sold!

The were 5 homes that sold last week in San Carlos.  They had an average “days on market”(DOM) of 46 days.
2607 Graceland Ave – $1,595,000 – 4/3 – 2,400 sf – 34 DOM
121 Exeter Ave – $1,069,000 – 3/2.5 – 2,460 sf – 71 DOM
203 Exeter Ave – $999,000 – 3/2.5 – 2,007 sf – 114 DOM
225 Kelton Ave – $949,000 – 3/2 – 1,810 sf – 4 DOM
1322 Eaton Ave – $869,000 – 3/1.5 0 1,473 sf – 9 DOM

There were 6 homes that closed escrow in San Carlos last week.  They were:
234 Sycamore St – listed at $699,5000 – sold at $715,000 – 2/1 – 1,030 sf
1262 Magnolia Ave – $715,000 – $700,000 – 2/1 – 1,080 sf
113 Arundel Rd – $789,000 – $779,000 – 2/1 – 1,220 sf
1239 Elm St – $795,000 – $778,000 – 2/1 – 1,039 sf
436 Clifton Ave – $1,049,950 – $902,500 – 4/3 – 1,560 sf
140 Park Ave – $1,695,000 – $1,605,000 – 5/3 – 3,051 sf

Signing off from Val Vandervort the San Carlos Real Estate Data Gal

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