San Carlos Real Estate Absorption Rate for Week Ending September 18, 2010

Posted on 22 September 2010 by vvandervort

<—- I love this photo.  It reminds me of my dad who always loves to tease me when I’ve got my phone to my ear.  In the background he just shouts out “Buy!  Sell!”  The photo is a pretty good image of our San Carlos real estate market right now.  We are definitely seeing more people wanting to sell than buy.  If you are a buyer for San Carlos or the surrounding communities, you should get out there and do it.  I am seeing a good deal of competition between the listings in the $850,000 to $950,000 range.  I believe it is a great opportunity to buy right now and I think people will be pleased with how they fare if they buy now.  Can you hear my dad yelling “BUY!”?

For the week ending September 18, 2010, here’s what things looked like in San Carlos real estate for single family homes:
11 homes were listed
5 went pending
2 closed

The 11 homes that listed in San Carlos last week were:
371 Fairfield Dr – $595,000 – 2/1 – 820 sf
1016 Cherry St – $679,000 – 3/1 – 1,350 sf
1318 Geneva Av – $725,000 – 2/1 – 1,1110 sf
1190 Alameda – $749,000 – 2/1 – 1,010 sf
320 Chestnut St – $779,000 – 3/2 – 1,560 sf
89 Ensenada Rd – $829,000 – 3/2 – 1,690 sf
2063 Alma St – $950,000 – 3/2 – 1,830 sf
3101 Melendy Dr – $1,198,000 – 3/2 – 2,080 sf
343 De Anza Av – $1,450,000 – 5/3.5 – 2,610 sf
54 Eaton Villa Pl – $1,925,000 – 5/4.5 – 5,190 sf – this is a short sale
228 Queens Ct – $3,200,000 – 5/4.5 – 5,530 sf

The pending sales in San Carlos last week had an average of 31 days on market (“DOM”).  The 5 homes that sold were:
2024 Birch Av – $722,000 – 2/1 – 1,030 sf – 9 DOM
2428 San Carlos Ave – $759,000 – 3/2 – 1,480 sf – 50 DOM
2063 Alma St – $950,000 – 3/2 – 1,830 sf – 1 DOM
23 Elston Ct – $1,150,000 – 3/2 – 2,230 sf – 91 DOM
3101 Melendy Dr – $1,198,000 – 3/2 – 2,080 sf – 1 DOM

There were 2 closed sales in San Carlos last week.  They were:
786 Cedar St – LP of $875,999 – SP of $848,000 – 3/2 – 1,380 sf
215 Exeter Av – LP of $1,148,900 – SP of $1,165,000 – 4/3 – 2,590 sf

That’s it for now from Val Vandervort, the San Carlos real estate data gal!  Want data that is not on here, give me a call at 650-740-6025.

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