The first week of the fall market in San Carlos was definitely a strong one. I get the sense that buyers are going to have some great choices in the coming weeks. Stagers, inspectors, and title reps are all very busy right now, which is a strong indicator that more inventory is on the way. I have several stellar San Carlos listings that will be coming on the market in September, so stay tuned to the site for more details on these incredible homes.
For those of you hoping that the amount of overbidding and multiple offers might curb a bit in the fall market, that sure didn’t happen last week. The five homes that changed hands last week did so at about a 9% premium over the asking price, which as been pretty typical of the market this year. Fasten your seatbelts — the fall market is here, and there are some very cool listings on the horizon!
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 8-30-2014:
|San Carlos Housing Data||8-30-14||Prior Week|
|Closed Sales for the Week:||5||4|
|Average Sold Price:||$1,643,000||$1,322,250|
|Average $/Sq Foot (Sold)||$713||$728|
|Average Percentage Over List Price:||109%||105%|
|Average DOM of Closed Sales||20||21|
|No. of Homes Pending Sale:||26||23|
|No. of Active Listings:||20||20|
|Average Price of Active Listings:||$1,375,934||$1,481,112|
|Average DOM of Active Listings:||21||19|
|Average $/Sq Foot (List)||$728||$758|
|Active-Pending Ratio:||0.77 : 1||0.87 : 1|
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