The San Carlos real estate market is resolving any doubts about any potential softening or leveling-off coming out of the slower months of July and August. Buyers are definitely out in full force this Fall, as open houses have been very well attended and multiple offers are still happening for the right properties.
Five of the eight homes that went into contract this past week were on the market for less than two weeks. Many of the hotter issues are only on the market for a single week, which means buyers must prioritize getting in to see these homes as soon as possible, whether at the open house or via a private showing. As the daylight hours start to dwindle at this time of they year, that poses even a bigger challenge if you’re trying to view homes after work during the week.
And speaking of hot new listings, stay tuned to the sight in the coming days – I’ve got another spectacular downtown home that will be on the market this weekend.
Here are the details from last week:
By The Numbers.
Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 9-27-2014:
|San Carlos Housing Data||9-27-14||Prior Week|
|Closed Sales for the Week:||6||12|
|Average Sold Price:||$1,573,333||$1,460,042|
|Average $/Sq Foot (Sold)||$781||$819|
|Average Sold – Percentage Of List Price:||100%||108%|
|Average DOM of Closed Sales||21||10|
|No. of Homes Pending Sale:||29||27|
|No. of Active Listings:||15||16|
|Average Price of Active Listings:||$1,385,123||$1,406,479|
|Average DOM of Active Listings:||16||15|
|Average $/Sq Foot (List)||$706||$706|
|Active-Pending Ratio:||0.5 : 1||0.6 : 1|
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