Spring break seemed to take a little wind out of the open house sails over the past two weekends. With the exception of a few of the new listings, most open houses that I attended yesterday were eerily quiet. Because the various schools and colleges in the area don’t take the same week off, this phenomenon has been spread out over the past few weekends. It hasn’t appeared to rein in the appetite of home buyers in San Carlos, though, since they took another 7 homes off the market this past week.
A couple of homes that closed this week fetched prices over $2M — something that was unheard of a few years ago in sleepy San Carlos, but is now something much more commonplace in this red-hot market. We’ll talk about that more later this week on the blog.
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 4-12-2014:
|San Carlos Housing Data||4-12-14||Prior Week|
|Closed Sales for the Week:||5||4|
|Average Sold Price:||$1,656,200||$1,438,500|
|Average $/Sq Foot (Sold)||$868||$773|
|Sold Price vs Orig List Price:||117%||105%|
|Average DOM of Closed Sales||9||11|
|No. of Homes Pending Sale:||31||30|
|No. of Active Listings:||13||13|
|Average Price of Active Listings:||$1,302,808||$1,311,258|
|Average DOM of Active Listings:||7||10|
|Average $/Sq Foot (List)||$697||$684|
|Active-Pending Ratio:||0.42 : 1||0.43 : 1|
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