Condominiums and Townhouses in San Carlos, CA 94070

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Real Estate Agent with Today | Sotheby's International Realty CA BRE# 01215160

Condominiums and Townhouses in San Carlos, California, 94070

Condo building in San Carlos, CA 94070

As I do every week for a number of communities, this morning I checked all San Carlos activity in the condominium and townhouse market. Here's what I found entered into our multiple listing service for condos and townhouses in the City of San Carlos:

24 - Active listings

 8 - Pending sales

 3 - Sales closed since 11/1/10

The Active listings range in price from $799,000 to $275,000; the median price is $555,250.

The Pending sales range in price from $744,000 to $399,000; (more about these below)

The Closed sales  ranged in sales price from $849,000 to $499,000, with a median price of $559,500.

I found the pending sales of great interest. The 4 lowest priced properties all all short-sales, with median asking price of $407,000. The 4 highest priced properties are traditional sales, with a median price of $720,000. This demonstrates two very different markets for condos/townhouses in San Carlos.

The condo/townhouse market in San Carlos has been hit most severely. Properties are selling, although more slowly than for single-family homes. Sellers need to have patience; proper pricing and marketing is essential. And buyers, opportunities in this market are more plentiful than in most recent years.

Give me a call and I'll be happy to let you know more about your micro-area, and help you explore pros and cons of buying versus renting.


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Rainmaker
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Luke Constantino
Brooklyn, NY
Remax New York

You made me look up San Carlos... You even have your own airport huh?

Excellent post, thanks for saring....

I wish you alot of good energy in the new year!

Jan 06, 2011 02:47 PM #1
Rainmaker
866,027
Lottie Kendall
Today | Sotheby's International Realty - San Carlos, CA
Serving San Mateo County and San Francisco

Hi Luke -- San Carlos does have an airport--a general aviation one (I think that's the term); also Hiller Aviation Museum which is very nice. Mr. Hiller was one of the early inventors of helicopters, and a nearby resident. Hmmmmm----you gave me a good idea for a blog post!

Wishing you a great 2011, too.

Jan 06, 2011 08:58 PM #2
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Rainmaker
866,027

Lottie Kendall

Serving San Mateo County and San Francisco
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