San Carlos Real Estate Absorption Rate for Week Ending November 27, 2010

A fitting image for the first week in December and because there was just one house that got listed in San Carlos last week.  It is that time of year, when there is so very little that comes up on the market.  Thankfully, there is some accumulated inventory for our December buyers in San Carlos to choose from.  For those of you out buying, we currently have 55 single family homes on the market in San Carlos.  A year ago, we were at 66.  Quite a bit of a difference.  

The one house that listed last week in San Carlos was:
21 Coleman Ct - $1,299,000 - 5/3 - 2,200 sq ft - This is a really great house: cul-de-sac, fairly open floor plan, views AND usable yard, and cool wine room.

There were 4 homes that sold last week in San Carlos.  They had an average of 36 days on the market (DOM).  The lucky San Carlos sellers were:
 2232 Howard Av - $1,388,000 - 4/3 - 2,380 sq ft - 52 DOM
 34 Hilltop Dr - $839,950 - 3/2 - 1,880 sq ft - 52 DOM (yep, same as the one above)
 1621 Cordilleras Av - $825,000 - 3/2 - 1,580 sq ft - 13 DOM
 770 Neal Av - $499,000 - 2/1 - 630 sq ft - 26 DOM

There were 3 homes that closed escrow last week in San Carlos:
 576 Dartmouth Av - LP $749,950 - SP $710,000 - 3/2 - 1,330 sq ft
 1190 Alameda de las Pulgas - LP $749,000 - SP $650,000 - 2/1 - 1,010 sq ft
 1619 Gover Ln- LP $1,049,000 - SP $1,005,000 - 3/2 - 1,640 sq ft
 
 Just a side note about the market:  multiple offers are still out there for homes that are priced well and are a good product.  

That's it for now from Val, the San Carlos Real Estate Data Gal!