The San Carlos Real Estate Week in Review: 3/6/10

Inventory Analysis

If you haven’t noticed the trend yet, most new listings in San Carlos hit the market on either a Monday (to catch broker’s tour), or Friday (in time for the weekend open houses).   So if you’re looking for new listings, these are the two days to watch closely.  This past week, Friday brought us a strong surge of new listings as 5 new homes came on the market — and all were below the $1M mark, which is still the most active segment in San Carlos.   But with all of that new activity, we’re still below 30 homes for sale in all of San Carlos!

And for yet another week, there are more homes pending sale than there are active listings.

Here’s a snapshot of the San Carlos single family home market, as of 3/6. The previous week’s stats are in parentheses:

Single-Family Homes Sold in San Carlos:

Below are the single-family homes that sold this past week in San Carlos. Click on the respective addresses to get all the details.

… Continue Reading

The San Carlos Real Estate Week in Review: 2/27/10

Inventory Analysis

Not only did inventory remain low this week — it actually dropped again, as pending sales outpaced new listings.  Once again, we’re below 30 homes for sale in all of San Carlos.  Interesting to note that those 29 homes that are on the market have been there for an average of 83 days — so while some homes are moving quickly, not all of them are.

Here’s a snapshot of the San Carlos single family home market, as of 2/27. The previous week’s stats are in parentheses:

Single-Family Homes Sold in San Carlos:

Below are the single-family homes that sold this past week in San Carlos. Click on the respective addresses to get all the details.

… Continue Reading

The San Carlos Week In Review – 2/5/09…

(The “San Carlos Week in Review” is a series comprised of an occasional podcast, and a summary of new listings and home sales in San Carlos for the prior week.  Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

The rate of home sales in San Carlos isn’t exactly setting the world on fire.  There was only one home sale this past week, and we’re still well behind last year’s sales pace.   However, there are signs of encouragement as homes that are prepared well and priced right (like 2753 Bromley) are selling relatively quickly– 19 days is pretty fast in this market.

Here’s the scoop for the week.  Click on the respective address for more photos and details…

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San Carlos Home Sales

500 Pearl Avenue

500 Pearl Ave:

• (Pictured Above) Sale Price: $680,000. Original List Price: $749,000.   Difference: $69,000 (9.2% ) below original list.    Remember the post I wrote about starter homes in White Oaks in the $700k’s?    Now you can find them in the 600k range!    DOM: 81 Days total, most recently under MLS # 80845150.   Listed by Eva Diridon of Carlmont Associates.

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New Listings in San Carlos

3141 La Mesa Drive

3141 La Mesa Dr:

• (UPDATE:  Pending Sale)  Pictured Above…$1,249,000 — 3BR/2BA, 2,045 sq ft on a 8,250 square foot lot.   This is on the side of La Mesa that overlooks green-belt and the Coastal Range, so the views are sublime…  MLS# 80906233, listed by Norine Higgins of RE/MAX Today.

2734 Victoria Mn:

• $1,399,000 — 4BR/2.5BA, 2,470 sq ft on a 8,800 square foot lot.    MLS# 80905338, listed by Vincent Armando of Armando Investments.

188 Exbourne Ave:

• $1,095,000 — 5BR/3BA, 2,710 sq ft on a 4,988 square foot lot.    MLS# 80906544, listed by John Shroyer of RE/MAX Today.

1460 Cordilleras Ave:

• $1,050,000 — 4BR/3BA, 2,380 sq ft on a 8,800 square foot lot.    MLS# 80905330, listed by Mark Scafine of SC Properties.

2711 Clifford Ave:

• $975,000 — 3BR/2.5BA, 2,430 sq ft on a 11,130 square foot lot.    MLS# 80906362, listed by Carlos Avelar of RE/MAX Star Properties.

2724 Clifford Ave:

• $962,000 — 3BR/2BA, 1,750 sq ft on a 5,580 square foot lot.    MLS# 80906518, listed by Melanie Smith of Coldwell Banker.

465 Wellington Dr:

• $935,000 — 4BR/3BA, 1,770 sq ft on a 7,540 square foot lot.    MLS# 80906403, Anna Wong of Alain Pinel Realtors.

524 Prospect St:

• $799,000 — 3BR/2BA, 950 sq ft on a 4,914 square foot lot.    MLS# 80905329, listed by Carrie & Grant DuBois of Coldwell Banker.

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Back on the Market

77 Madera Avenue

77 Madera Ave:

• (Pictured Above)…$1,049,000 — 4BR/2.5BA, 2,928 sq ft on a 7,812 square foot lot.   How much have things fallen in this market?   This same home was on the market in 2006 for $2,525,000.   Even in 2008, it was listed for as high as $1,880,000.   At the current price, it’s a short sale…but it also looks to be an incredible deal.   MLS# 80906325, listed by Maria Neal of Alain Pinel Realtors.

6 Madrona St:

• $1,359,000 — 4BR/2.5BA, 2,940 sq ft on a 7,000 square foot lot.   First listed in October ‘08 at $1,439,000   MLS# 80906029, listed by Goldie Morabito of Coldwell Banker.

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The San Carlos Week In Review – 1/31/09…

(The “San Carlos Week in Review” is a series comprised of an occasional podcast, and a summary of new listings and home sales in San Carlos for the prior week.  Between the two, you should get a great idea of what happened last week in San Carlos real estate.) 

You’ll notice this week that I tweaked the format a little bit, just to freshen it up and make it more useful for you.  For the “New Listings” and “Back on the Market” sections, I am now using live links to the MLS instead of a static snapshot.  That means when you click on the address, it will give you a live update with the very latest info on the home. If you get a message back that says something to the effect like “Property Not Found,” that likely means the home is no longer for sale.    It could be sold, withdrawn, or expired.   If this happens and you want to find out more about that property, simply shoot me an email and I’ll track it down for you.

Here’s the scoop on what homes sold, and what new listings came on the market — click on the addresses for more details and photos:

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San Carlos Home Sales

No homes closed escrow in San Carlos this week.  This is the first time this happened since I have been tracking sales figures on this blog.   

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San Carlos New Listings

3464 Brittan Ave

• (Pictured Above)  $1,450,000 — 4BR/3BA, 3,420 sq ft on a 10,535 square foot lot.    This great home was featured as the “New Listing of the Week” on the site.  MLS# 80904140, listed by Tim Gilmartin of the Gilmartin Group.

156 Normandy Ct: 

• $1,399,000 — 3BR/2BA, 2,440 sq ft on a 10,080 square foot lot.    MLS# 80905233, listed by Trish Ward of Intero Real Estate Services.

280 Oakview Drive:

• $1,195,000 — 4BR/3BA, 2,835 sq ft on a unspecified size lot.    This is the 4th (and possibly final) home in the Oakview Knolls development in White Oaks.  More to follow on this in a separate post.  MLS# 80904341, listed by Brian Chancellor of Alain Pinel Realtors.

208 Timothy Dr:

• $1,148,950 — 3BR/2.5BA, 2,390 sq ft on a 7,553 square foot lot.    UPDATE:  This is now pending sale after only 4 days on the market.  MLS# 80904111, listed by Dennis Pantano of Pantano Properties.

117 Belvedere Ave:

• $799,000 — 2BR/1BA, 1,2600 sq ft on a4,600 square foot lot.    MLS# 80905000, listed by Mike Hirner of Alain Pinel Realtors.

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Back on the Market

702 Knoll Dr:

• $2,249,000 — (Pictured Above)  4BR/3.5BA, 4,261 sq ft on a 14,580 square foot lot.    This home, and the adjacent lot at 710 Knoll have been for sale off and on since 2006.  In doing so, these two properties have severely skewed the CDOM numbers for San Carlos over the past two years.    MLS# 80904714, listed by Molitor and Lunder of Intero Real Estate Services.

710 Knoll Dr:

• $2,099,000 — 4BR/3.5BA, 3,615 sq ft on a 15,315 square foot lot.    MLS# 80904715, listed by Molitor and Lunder of Intero Real Estate Services.

42 Club Dr:

•  $1,292,000 — 4BR/3.5BA, 4,090 sq ft on a 8,880 square foot lot.    OK, that equates to $316/sq foot…Wow!  Was just pending sale and is now back on the market.  MLS# 80905162, listed by Amy McEwan of Intero Real Estate Services.

The San Carlos Week In Review – 1/24/09…

(The “San Carlos Week in Review” is a series comprised of an occasional podcast, and a summary of new listings and home sales in San Carlos for the prior week.  Between the two, you should get a great idea of what happened last week in San Carlos real estate.) 

Going into this weekend, there were 54 single family residences for sale, and 13 homes that are pending sale.   That ratio of 4:1 is relatively healthy considering the market conditions, but a 3:1 ratio is a little more ideal.  What is interesting is the lack of inventory. 54 is low for the beginning of the selling season, but there will be some new listings hitting the market in the next two weeks that should help boost this number.  Note that the average Continuous Days On Market (CDOM) for these 54 homes is 96 days.   This means there are some deals to be had for smart buyers.

Here’s the scoop on what homes sold, and what new listings came on the market — click on the addresses for more details and photos:

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San Carlos Home Sales

• 166 Oakview Dr:     (Pictured Above) Sale Price: $808,000. Original List Price: $819,000.   Difference: $11,000 (1.3% ) below original list.    DOM: 7 Days under MLS # 80848295.   Listed by Joyce and Tatum of Intero Real Estate Services.
• 982 Holly St:    Sale Price: $579,000. Original List Price: $569,000.   Difference: $10,000 (1.8% ) above original list.    DOM: 55 Days under MLS # 80832955.   Listed by Roque Fernandes of Coldwell Banker.

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San Carlos New Listings

• 774 Knoll Dr:  (Pictured Above) $1,450,000 — 4BR/3BA, 2,310 sq ft on a 10,508 square foot lot.    MLS# 80903735, listed by Andrea Lynn of Coldwell Banker.

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Back on the Market

• 10 Loma Ln:     (Pictured Above) $1,398,000 — 4BR/3BA, 2,940 sq ft on a 10,800 square foot lot.   Originally went on the market back in August ‘08 at the same listing price.   MLS# 80903755, listed by Debbie Lorell of Cashin Company.
• 436 Laurel St:  $729,000 — 2BR/1.5BA, 1,200 sq ft on a 6,975 square foot lot.    Originally went on the market in October ‘08 at $829,000.   MLS# 80903588, listed by Valerie Hinton of Coldwell Banker.

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Podcast: The San Carlos Week In Review – 1/17/09…

(The “San Carlos Week in Review” is a series comprised of an occasional podcast, and a summary of new listings and home sales in San Carlos for the prior week.  Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

In this week’s podcast you’ll hear:

1. Past, present, and future of the White Oaks Blog.
2. Why it’s smart to sell your home in January.

Click on the player below link hear the podcast.  You can also download the file at the bottom of this post.  Enjoy!

Podcast: Play in new window | Download

Here’s the scoop on what homes sold, and what new listings came on the market — click on the addresses for more details and photos:

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San Carlos Home Sales

• 3015 Brittan Ave: (Pictured Above)  Sale Price: $1,185,000. Original List Price: $1,375,555.   Difference: $190,555 (13.9% ) below original list.    DOM: 79 Days under MLS # 80839463.   Listed by Mary Ficklin of RE/MAX Today.
• 923 Elm St: Sale Price: $1,150,000. Original List Price: $1,050,000.   Difference: $100,000 (9.5% ) above original list.  No, this isn’t a typo.  But it backs up my assertion that there are still definitely well-prepared buyers looking for homes in San Carlos.  DOM: 4 Days under MLS # 80849347.   Listed by David Young of Coldwell Banker.
• 152 Leslie Dr: Sale Price: $1,100,000. Original List Price: $1,185,000.   Difference: $85,000 (7.2% ) below original list.    DOM: 16 Days under MLS # 80845810.   The home first hit the market back in August ‘08 when it listed for $1,298,000.  Listed by Eddie Azzopardi of Realty World Homesellers.
  

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San Carlos New Listings

• 1461 Crestview Dr: (Pictured Above)  $1,349,000 — 3BR/2.5BA, 2,860 sq ft on a 10,500 square foot lot.    MLS# 80902508, listed by Lisa Susnow of Coldwell Banker.
• 574 Vista Ave: $1,749,000 — 4BR/3.5BA, 2,490 sq ft on a 8,400 square foot lot.    MLS# 80902522, listed by Gregory Garcia of Atlas Realty.
• 2753 Bromley Dr:  $995,000 — 3BR/2BA, 1,710 sq ft on a 20,560 square foot lot.    MLS# 80902704, listed by Scott Dancer of Coldwell Banker.
• 3291 Brittan Ave:    $879,000 — 3BR/3BA, 2,260 sq ft on a 7,560 square foot lot.    MLS# 80902378, listed by Ken Wei of Greenfield Realty.
• 1651 Alameda: $685,000 — 2BR/1BA, 920 sq ft on a 4,480 square foot lot.    MLS# 80902356, listed by Esperanza Cowen of Keller Williams.
• 347 Fairfield Dr: $529,000 — 2BR/1BA, 820 sq ft on a 5,000 square foot lot.    MLS# 80902420, listed by Mary Yeargain of RE/MAX Today.
• 977 Holly St: $515,000 — 2BR/1BA, 910 sq ft on a 5,850 square foot lot.    MLS# 80902520, listed by Bob Bredel of RE/MAX Today.

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Back on the Market

• 117 Crestview Dr: (Pictured Above)  $1,145,000 — 4BR/3BA, 2,490 sq ft on a 8,610 square foot lot.    It originally hit the market in October of ‘08 at $1,298,000.  MLS# 80901580, listed by Debbie Wilhelm of Coldwell Banker.
• 132 Beverly Dr: $1,199,000 — 3BR/2BA, 2,060 sq ft on a 5,750 square foot lot.    It originally hit the market in June ‘08 at $1,299,000.  MLS# 80902713, listed by Julie Chen of Intero Real Estate Services.
• 1983 Belle Ave: $789,000 — 2BR/1BA, 1,070 sq ft on a 5,000 square foot lot.    It originally hit the market in July ‘08 at $849,000.  MLS# 80902614, listed by George Chopoff of RE/MAX Star Properties.

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“The San Carlos Week In Review” – 1/10/09…

(The “San Carlos Week in Review” is a series comprised of an occasional podcast, and a summary of new listings and home sales in San Carlos for the prior week.  Between the two, you should get a great idea of what happened last week in San Carlos real estate.) 

Welcome to the first full week of 2009!  The kids are back in school, and everyone is back to work (hopefully everyone is still employed, that is…)  January and February sales results will be closely watched by everyone, as these two months often give an indication of what’s in store for the year.   I think early January is a great time to put a home on the market, since the Spring buying rush hasn’t hit full stride yet, and consequently your listing gets LOTS of attention.   So what happened this week?

Here’s the scoop — click on the addresses for more details and photos.

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San Carlos Home Sales

• 1101 Greenbrier Rd:     (Pictured above.)  Sale Price: $1,075,000. Original List Price: $1,198,000.   Difference: $123,000 (10.3% ) below original list.  DOM: 27 Days under MLS # 80844502.  It originally listed back in October of 2008 at $1,449,000…so it took a little price drop before it finally sold.  Listed by Edd McKibben of RE/MAX Today.
• 2607 Graceland Ave:    Sale Price: $1,368,000. Original List Price: $1,595,000.   Difference: $227,000 (14.2% ) below original list.  DOM: 48 Days under MLS # 80840641.   Listed by David Young of Coldwell Banker.
• 1545 Gover Ln:    Sale Price: $1,060,000. Original List Price: $1,295,000.   Difference: $235,000 (18.1% ) below original list.  DOM: 83 Days under MLS # 80835475.   Listed by Claire Earley of Coldwell Banker.
• 113 Belvedere Ave:     Sale Price: $755,000. Original List Price: $799,950.   Difference: $44,950 (5.6% ) below original list.  DOM: 43 Days under MLS # 80841339.   Listed by Alexander Lehr of Lehr Real Estate.

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San Carlos New Listings

• 1116 Cedar St:   (Pictured Above)  $798,500 — 2BR/1BA, 1,230 sq ft on a 5,600 square foot lot.    MLS# 80901378, listed by Heather Hansen of Alain Pinel Realtors
• 148 Oakview Dr:     $849,000 — 3BR/2BA, 1,530 sq ft on a 3,960 square foot lot.   This one is already in contract after only 4 days — not even an open house!  MLS# 80900374, listed by Greg Booth of NetEquity.

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Back on the Market

• 177 Barford Ave:     $998,888 — 4BR/2BA, 2,470 sq ft on a 7,344 square foot lot.   MLS# 80900374, listed by Paymon Ghafouri of Cashin Company.

That’s it for this week.  It should be interesting to see how this next week unfolds…

“The San Carlos Week In Review” — 1/3/09…

(The “San Carlos Week in Review” is a series comprised of an occasional podcast and a summary of new listings and home sales in San Carlos for the prior week.  Between the two, you should get a great idea of what happened last week in San Carlos real estate.)

Happy New Year, and welcome to the “San Carlos Week in Review” for the week ending 1/3/09.   The new real estate year is officially underway, and what happens in the next couple of months will certainly set the tone for what we can expect in 2009.

Here’s what sold this week, and what new listings hit the market.  Be sure to click on the property addresses for more information.

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San Carlos Home Sales

• 1340 Elm St:     (Pictured above.) Sale Price: $740,200. Original List Price: $799,000.   Difference: $58,800 (7.4% ) below original list.  DOM: 43 Days under MLS # 80840606.  Listed by Loren Dakin of Alain Pinel Realtors.

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San Carlos New Listings

• 1825 Cedar St:     (Pictured above.)  $1,088,000 — 3BR/2BA, 2,140 sq ft on a 8,910 square foot lot.  Great part of White Oaks, right on the corner of Cedar and St Francis.   MLS# 80900125, listed by Marc Romer of RE/MAX Today.

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