The listing activity was fairly light last week in San Carlos, as was generally expected, since most homeowners don’t want to have their first open house on Easter Sunday when many home buyers are committed to family activities. Consequently, I expect to see the number of new listings pick up quite a bit in the coming weeks, as we are now heading into a stretch of 6 straight weekends without any holiday interruptions until Memorial Day weekend (Mother’s Day being the sole exception during that period).
This is prime-time for the Spring real estate market in San Carlos, and I know that are sellers who were probably ready to put their home on the market last week, but opted to wait until after Easter Sunday, and the various school system’s Spring breaks. If you’re committed to finding a home in San Carlos before summer, this is the period of time that you’ll want to pay full attention to what’s happening.
Here are the details from last week:
By the Numbers.
Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 4-5-2015:
|San Carlos Housing Data||4-5-15||Prior Week|
|Closed Sales for the Week:||4||6|
|Average Sold Price:||$1,581,000||$1,892,500|
|Average $/Sq Foot (Sold)||$790||$755|
|Average Sold as Percentage Of List Price:||113%||109%|
|Average DOM of Closed Sales||9||9|
|No. of Homes Pending Sale:||14||16|
|No. of New Listings:||4||8|
|Total # of Active Listings:||13||13|
|Average Price of Active Listings:||$1,489,385||$1,412,308|
|Average DOM of Active Listings:||13||15|
|Average $/Sq Foot (List)||$772||$797|
|Active-Pending Ratio:||0.93 : 1||0.81: 1|
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