Buyers were certainly out in force last week in San Carlos as they snapped up eight of the single-family homes that were on the market. The problem is that the sellers were clearly not on the same page, with only 3 new listings to hit the market during the same stretch. The net result is that the inventory of single-family homes for sale in San Carlos as we head into the new week sits at 7.
What’s even more discouraging for buyers hoping to find something in San Carlos is that of those seven homes, four of them are in the upper price range for San Carlos — $2.3M and above, and those 4 have been on the market for an average of 38 days. Of the remaining three, only one is in that sweet spot between $1.5M and $2M. That’s not much to choose from as we start the new week.
Condo and townhouse buyers aren’t faring much better, either. Starting the week, there are only 2 units for sale in all of San Carlos.
Here’s the recap from last week:
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 8-23-2015:
|San Carlos Housing Data||8-23-15||Prior Week|
|Closed Sales for the Week:||8||3|
|Average Sold Price:||$1,536,876||$1,178,333|
|Average $/Sq Foot (Sold)||$967||$823|
|Average Sold as Percentage Of List Price:||112%||109%|
|Average DOM of Closed Sales||16||12|
|No. of Homes Pending Sale:||22||22|
|No. of New Listings:||3||3|
|Total # of Active Listings:||7||12|
|Average Price of Active Listings:||$2,256,754||$2,131,583|
|Average DOM of Active Listings:||23||17|
|Average $/Sq Foot (List)||$841||$767|
|Active-Pending Ratio:||0.32 : 1||0.55 : 1|
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