San Carlos Real Estate Absorption Rate for Week Ending May 15, 2010

Posted on 20 May 2010 by vvandervort

On Monday, May 17, we had 52 single family homes on the market in San Carlos.  Today, May 20, it has dropped to 48.  That’s almost an 8% drop in just 3 days.  All the buyers are hoping that the inventory will be building during this season, and it is not doing a very good job of delivering that.  I fondly remember the good old days last year when we hit 75 homes in San Carlos in both March and May.

Let’s take a look at what happened last week in San Carlos’ single family home real estate market.  We had 9 homes get listed, 8 sold, and 2 closed escrow.

The 9 that got listed last week in San Carlos were:
104 Baytree -$988,000 –  3/2 – 1,310 sf
2016 Eaton Ave – $1,098,000 – 3/2.5 – 2,580 sf
703 Crestview Dr – $1,299,921 – 4/2 – 2,250 sf
136 Plymouth Ave – $1,825,000 – 5/4 – 2,769 sf
852 Cedar St – $1,029,000 – 3/2.5 – 1,890 sf
213 Wellington Dr – $1,985,000 – 4/4 – 2,920 sf
212 Park Ave – $769,000 – 2/1 – 1,090 sf
1223 Alameda – $749,900 – 2/1 – 890 sf
24 Bayport Ct – $725,000 – 3/2.5 – 1,660 sf

The 8 homes that sold last week in San Carlos had an average of 26 days on market.  The homes that sold were:
1025 Hewitt Dr – $1,098,000 – 4/3 – 2,220 sf – 14 DOM
2711 Clifford Ave – $939,000 – 3/1.5 – 2,430 sf – 109 DOM
119 Oakview Dr – $889,000 – 3/1 – 1,290 sf – 12 DOM
436 Clifton – $888,950 – 4/3 – 1,560 sf – 22 DOM
5 Pepper Ln – $849,000 – 3/2 – 1.240 sf – 31 DOM
1240 Highland Ct – $819,000 – 3/2 – 1,860 sf – 12 DOM
24 Bayport Ct – $725,000 – 3/2.5 – 1,660 sf – 0 DOM
2667 San Carlos Ave – $699,000 – 3/2 – 1,300 sf – 11 DOM

The 2 homes that closed escrow last week in San Carlos were:
960 McCue Ave – listed at $649,000 – sold for $662,000 – 2/1 – 1,030 sf
2033 White Oak Way – listed at $1,850,000 – sold for $2,005,000 – 5/3.5 – 3,190 sf

That’s it for now from Val, the San Carlos real estate data gal!

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