Tag Archive | "Absorption Rate"

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San Carlos Real Estate Absorption Rate for Week Ending March 8, 2010

Posted on 08 March 2010 by vvandervort

San Carlos nets 2 new listings Gosh, do I even need to write anything after posting such a beautiful picture?  If I didn’t like selling real estate so much, I think I’d just write blog posts all day long and find pretty photos to go with them.  As pretty as the picture is, I’m guessing that is not why you’re here.   So let’s get to the data that makes up my weekly look at the Absorption Rate for San Carlos real estate.

We had 9 homes get listed in San Carlos this last week.  I was pretty excited on Thursday and Friday when several hit the market, but for my buyers, this is still not enough inventory.  We currently have 31 houses on the market.  We had 69 a year ago and 2 years ago we had 49 homes on the market in San Carlos.  If you are contemplating selling, please do.  There are many buyers for your home.

Here are the 9 homes that got listed in San Carlos:
1951 Eucalyptus Av – $1,795,000 – 4/3.5 – 2825 sq ft  - MLS#81009423
(This was my favorite of last week.  It is the best new construction I’ve seen in a LONG time.)
112 Wildwood Av – $1,685,000 – 4/3.5 – 2900 sq ft – MLS#81010779
500 Prospect St – $925,000 – 3/2 – 1480 sq ft – MLS#81010398
1136 Rosewood Av- $829,000 – 3/1 – 1370 sq ft – MLS#81009390
153 Park Av – $799,900 – 3/1.5 – 1330 sq ft – MLS#81010470
1239 Elm St – $795,000 – 2/1 – 1039 sq ft – MLS#81010749
715 Tamarack – $779,000 – 2/1 – 1080 sq ft – MLS#81010366
124 Plymouth Av – $739,000 – 3/2 – 1300 sq ft – MLS#81010510
(Don’t get too excited about this one because it is really underpriced and will sell higher even though it has a few issues.)
1028 McCue Av – $689,000 – 3/2 – 1340 sq ft – MLS#81010589

We had 7 homes get sold in San Carlos last week.  They are:
256 Devonshire Bl – $2,495,000 – 4/4 – 4287 sq ft – MLS#80935510
324 Oakview Dr – $1,295,000 – 4/3.5 – 3490 sq ft – MLS#81008746 – this is a short sale
335 Pearl Av – $997,000 – 3/2 – 1690 sq ft – MLS#81007768
2130 Eaton Av – $849,000 – 2/1 – 1640 sq ft – MLS#81006488
124 Northam Av – $799,000 – 3/2 – 1580 sq ft – MLS#81007352
184 Sycamore St – $649,000 – 2/1 – 1,220 sq ft – MLS#80952834 – this is a short sale

The average days on market for these homes that went pending was 71 days.  256 Devonshire Bl was on the longest at 222 days, but how great that a home for that price got into contract!  324 Oakview was on the market for the shortest amount of time and that was 4 days.

The homes that closed escrow in San Carlos in the last week were…
1345 Woodland Av – listed at $839,000 – sold for $810,000 – 3/2 – 1630 sq ft
2904 Eaton Av – listed at $1,125,000 – sold for $1,110,000 – 4/2.5 – 2100 sq ft
2230 Carmelita Av – listed at $1,399,950 – sold for $1,362,000 – 4/3 – 2340 sq ft

That’s it from Val, the San Carlos Data Gal, for this week.  Need more data??? Call me at 650-740-6025
Val, the data gal

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Absorption of San Carlos Real Estate for the Week

Posted on 09 November 2009 by vvandervort

When tracking real estate in an area, it is important to be aware of the absorption rate, which is the amount of homes that get listed compared to the number of homes that “go pending” (i.e. get into contract).  You can look at it over whatever time period you want – a week, a month – but I find it useful to track on a weekly basis and have been doing so for quite some time now. 

Here are the single family homes that listed this week:

288 CLUB DR $1,725,000 $1,725,000 2 5 (4/1) San Carlos 1 80952202 11/3/2009     351 4,250 SqFt 15,681 SqFt  
3005 BRITTAN AV $924,000 $924,000 3 2 San Carlos 1 80952557 11/6/2009 11/10/2009   351 1,900 SqFt 8,176 SqFt  
2043 SAINT FRANCIS WY $899,000 $899,000 3 2 San Carlos 1 80952581 11/6/2009 11/10/2009   352 1,493 SqFt 4,440 SqFt  
1962 SAN CARLOS AV $639,900 $639,900 3 1 San Carlos 1 80952290 11/5/2009 11/10/2009   355 1,260 SqFt 5,900 SqFt  
184 SYCAMORE ST $749,000 $749,000 2 1 San Carlos 1 80952834 11/9/2009 11/10/2009   355 1,220 SqFt 7,480 SqFt  
2056 ARROYO AV $800,000 $800,000 3 1 San Carlos 1 80952587 11/6/2009 11/7/2009   353 1,290 SqFt 5,000 SqFt  

Here are the homes that went pending this last week:

3481 LA MESA DR $1,159,000 $1,159,000 3 3 (2/1) San Carlos 1 80951772 11/2/2009 11/3/2009   350 2,300 SqFt 8,320 SqFt  
18 COLEMAN CT $899,000 $899,000 3 3 (2/1) San Carlos 1 80948382 10/9/2009 11/10/2009   351 1,710 SqFt 16,600 SqFt  
143 RUBY AV $899,000 $799,000 2 2 (1/1) San Carlos 1 80943275 9/9/2009 9/15/2009   352 1,450 SqFt 4,400 SqFt  
2036 ALMA ST $1,295,000 $1,295,000 3 1 San Carlos 1 80951477 10/30/2009     353 1,320 SqFt 9,000 SqFt  
2056 ARROYO AV $800,000 $800,000 3 1 San Carlos 1 80952587 11/6/2009 11/7/2009   353 1,290 SqFt 5,000 SqFt  
341 LAUREL ST $779,000 $724,900 3 3 (2/1) San Carlos 1 80913571 3/17/2009 3/24/2009   355 1,240 SqFt 7,500 SqFt  
1421 HULL DR $729,000 $729,000 2 1 San Carlos 1 80950739 10/26/2009 11/3/2009   355 1,130 SqFt 6,930 SqFt  
2120 EATON AV $799,950 $799,950 3 2 San Carlos 1 80951321 10/29/2009 11/3/2009   352 1,610 SqFt 8,250 SqFt  

Of course, the one that is interesting is 2056 Arroyo which listed and went pending in the same week.  To the sellers in San Carlos, this would be a great week, since 8 homes went pending and 6 listed.  With an inventory of 45 single family homes in San Carlos, at this absorption rate, it would take 22.5 weeks to burn through the current inventory if no new homes were listed.

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