There’s a palpable sense that the Fall real estate market is right around the corner. Most kids head back to school this coming week, and almost as if on cue, the listings are starting to appear. Just since Thursday alone, eight new issues debuted on the market in San Carlos, and hopefully that trend will continue this coming week. That last burst alone pushed the inventory back up to 25, after dropping below the perilous 20 mark yet again, and kept the active/pending ratio above the 1.0 mark — a place it has rarely been all year.
Some big news on the blog this week — if you happen to read the San Carlos Real Estate Week in Review series every week on your smart phone or tablet, then you already know that the format was “less-than-optimal” when you click on any of the address links in the report. Well, that problem has now been solved. Starting this week, the website that houses all of the listing data is now optimized for mobile devices, and automatically re-formats when it senses that you are viewing the post from a mobile device. So give it a try — click on any of the addresses in the report below from your mobile device. I think you’ll love the new look!
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 8-17-2013:
|San Carlos Housing Data||8-17-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||108%||100%|
|Average DOM of Closed Sales||12||14|
|No. of Homes Pending Sale:||21||20|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,543,754||$1,541,156
|Average DOM of Active Listings:||35||37|
|Average $/Sq Foot (List)||$651||$624|
||1.2 : 1||1.2 : 1|
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