The Fall Market is Here.
Bring on the Fall market in San Carlos! The stats below capture the essence of the first week of a typical Fall market in San Carlos — LOTS of sales. As I’ve stated before numerous times on the site, the kickoff of the Fall market coincides with the return to school for the majority of kids. In years past, that used to be after Labor Day weekend, but every year it seems like that date keeps creeping forward (especially if you get a student’s opinion on that.) Last week was the first week that pretty much all kids were back to school. And the buying numbers reflected it.
13 homes were went into contract, making it one of the busier buying weeks so far this year. But only 5 new listings hit the market, so the brief “glut” of inventory that we had is evaporating rapidly. At the time of this post, we are back down to 22 homes for sale in the entire city. And that number will likely drop this week before it rises again.
Here are the numbers 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 8-31-2013:
|San Carlos Housing Data||8-31-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||112%||112%|
|Average DOM of Closed Sales||17||11|
|No. of Homes Pending Sale:||29||18|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,466,586||$1,421,575
|Average DOM of Active Listings:||31||29|
|Average $/Sq Foot (List)||$639||$630|
||0.76 : 1||1.7 : 1|
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