Happy Memorial Day, San Carlos! We are nearing the end of what has been an extremely busy month for San Carlos residential real estate. Even this past week saw quite a bit of activity, despite the fact that we were heading into a long weekend and many people opt to get out of Dodge a little early.
There were nine new single family residence listings to hit the market last week in San Carlos, which is a strong number considering the pace of new listings that we have seen so far this year. But an equal number of homes also went into contract during the same time period, thus keeping our inventory at the roughly the same level as the prior week. But regardless of the activity, it’s still a bit surprising to see the inventory sitting in the mid-high 2o range for as many weeks as it has. I will publishing some stats later this week that may give us a good idea why this is happening.
Here is a look at last week’s numbers:
Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 5/29/2016:
|San Carlos Housing Data||5/29/16||Prior Week|
|Closed Sales for the Week:||6||4|
|Average Sold Price:||$2,018,667||$2,088,750|
|Average $/Sq Foot (Sold)||$907||$838|
|Average Sold as Percentage Of List Price:||102%||109%|
|Average DOM of Closed Sales||13||7|
|Total # of Homes Pending Sale:||36||32|
|No. of New Listings:||9||6|
|Total # of Active Listings:||24||25|
|Average Price of Active Listings:||$1,858,447||$1,989,611|
|Average DOM of Active Listings:||21||21|
|Average $/Sq Foot (List)||$849||$871|
|Active-Pending Ratio:||0.67 : 1||0.8 : 1|
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