San Carlos Real Estate Summary.
The good news is that the inventory of homes for sale in San Carlos rose by a whopping 63% this past week. That bad news is that we only started off with 8 listings at the beginning of the week. So the end result is that there’s still not nearly enough homes to choose from in San Carlos. What’s interesting from the numbers this week is that we’re starting to see firm evidence of the abrupt increase in home prices in San Carlos. There are two metrics this week that vividly demonstrate this: The price per square foot jumped to a whopping $669/sq foot for homes that closed escrow this week, and they also fetched 11% above the asking price, on average. I believe we’ll continue to see much more of this type of performance in the coming weeks.
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 3-2-2013:
|San Carlos Housing Data||3-2-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||111%||101%|
|Average DOM of Closed Sales||9||25|
|No. of Homes Pending Sale:||24||25|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,475,676||$1,528,299
|Average DOM of Active Listings:||25||22|
|Average $/Sq Foot (List)||$626||$596|
||0.54 : 1||0.32 : 1|
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