San Carlos Real Estate Activity for Week Ending May 21, 2001

Posted on 23 May 2011 by vvandervort

First off, let’s take a quick look back at inventory levels for single family homes (SFRs) in San Carlos for this week for the past 5 years:

2007 – 36 homes – the year our market peaked
2008 – 61 homes
2009 – 60 homes
2010 – 50 homes
2011 – 66 homes

So this year, we are seeing higher inventory than in the past 5 years, but don’t get the sense that the sky is falling because the sales activity is still strong in San Carlos.  We had 8 SFRs get listed this last week and 7 SFRs went pending this week in San Carlos.  That is a nicely balanced market around here.  In many markets it would be considered a seller’s market, but it might be stretching it just a tad to go that far.

The 8 homes that were listed this last week in San Carlos were:
959 Holly St – $525,000 – 2/1 – 880 sf
212 Edgehill Dr – $615,000 – 2/1 – 1030 sf
448 Emerald Ave – $789,000 – 3/1 – 1200 sf
3390 Melendy Dr – $899,900 – 3/2.5 – 1750 sf
1777 Elizabeth – $975,000 – 4/2 – 2230 sf
20 Ensenada Rd – $999,999 – 3/2 – 1440 sf
1080 Crestview Dr – $1,150,000 – 5/3 – 3060 sf – Was actually listed earlier this year at $1,395,000 and now is pending
182 Crestview Dr – $1,384,000 – 3/2.5 – 2210 sf

There were 7 homes in San Carlos that got into contract this last week.  They had an average Days On Market (DOM) of 92 days.  However, if you take out 92 Madera Ave that took 489 days to sell from the count, then the average DOM was 26.  The San Carlos homes that sold were:
2647 San Carlos Ave – $793,000 – 4/4 – 2,220 sq ft – 6 DOM

4 homes closed escrow in San Carlos this last week.  The sale details on those homes are as follows:
165 Madera – LP $749,000 – SP $787,777 – 2/1.5 – 1,600 sq ft

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

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