San Carlos Real Estate Absorption Rate for Week Ending September 11, 2010

Posted on 19 September 2010 by vvandervort

There’s been a little bit of rain as the kiddos head back to school and we’ve definitely had some rain in the San Carlos real estate world too.  The inventory is building in the San Carlos single family home market.  As of today, we have 67 single family homes on the market in San Carlos.  A year ago, it was at about 60.  It will be very interesting to see how active buyers are in the Fall market (our 2nd most active time of the year).  If they sit on the sidelines, we could see something similar to the Fall of 2008 when the inventory kept on building, the buyers weren’t buying, and the market decline was in the double digits before it was all done.

For the week ending on September 11, 2010, here is how things shook out for single family homes in San Carlos:
11 homes listed
6 sold
5 closed escrow

Here are the 11 homes that listed that week in San Carlos:
2024 Birch – $722,000 – 2/1 – 1,030sf
576 Dartmouth – $749,950 – 3/2 – 1,330sf
1710 Walnut St  - $789,000 – 2/1.5 – 1,470sf
8 Ensenada Rd – $795,000 – 3/2 – 1,440sf
124 Acacia Ct – $799,000 – 3/1.5 – 1,550sf
216 Garnet – $885,000 – 4/2 – 1,570sf
1087 Hewitt – $901,888 – 4/3 – 2,350sf
216 Frances – $989,000 – 4/2.5 – 1,910sf
1201 Cedar St – $1,188,000 – 4/3 – 2,060sf
135 Dolton Av – $1,190,000 – 4/4 – 2,100sf (this is a relist from this Summer)
2829 Tramanto Dr – $1,198,895 – 3/3.5 – 2,270sf

The 6 homes that sold in San Carlos for the week ending September 11, 2010 had an average days on market (DOM) of 18.  That’s actually quite low – signifying that things are moving quickly.   The lucky San Carlos sellers were:
2125 Brittan Av – $779,000 – 2/2.5 – 1,590sf – 28 DOM
43 Pine Av – $799,950 – 2/1.5 – 1,390sf – 14 DOM
131 Molton Av – $900,000 – 3/2 – 1,660sf – 43 DOM
916 Rosewood Av – $938,000 – 3/2 – 1,350sf – 6 DOM
128 Club – $999,888 – 4/3.5 – 2,890sf – 15 DOM
1201 Cedar St – $1,188,000 – 4/3 – 2,060sf – 1 DOM

There were 5 homes in San Carlos that closed escrow in the week ending September 11, 2010.  They were:
1455 Alameda – LP $650,000 – SP $540,000 – 3/1 – 1,310sf
249 Alberta Av – LP $895,890 – SP $852,000 – 2/1 – 1,130sf
870 Crestview Dr – LP $1,071,900 – SP $980,000 – 4/2 – 2,250sf
104 Windsor Dr – LP $1,099,000 – SP $1,077,000 – 3/2 – 1,850sf
208 Crestview Dr – LP $1,148,000 – SP, $1,110,888 – 4/3 – 2,500sf

That’s it for now from Val Vandervort, the San Carlos Real Estate Data Gal!  Want data you don’t see here?  Just call me at 650-740-6025!

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