The activity level seemed to tick downward a bit this past week in San Carlos, perhaps because of all of the graduations, or maybe everyone is getting ready to get out of Dodge for a few weeks. There were only two homes to go into contract, and six new listings made their entry onto the market which pushed the number of homes for sale to 11 as of this morning.
From what I can gather as I talk to title reps and property inspectors — people who generally are involved early in the sales process — there is still a pretty healthy pipeline of new listings that will be hitting the market before summer sets in, both in San Carlos as well as up and down the Peninsula. Buyers should definitely stay tuned into the market over the next several weeks.
I will have one nice listing coming up in White Oaks later this week, so keep tuned into the site for more detail!
Here are the details from last week:
By the Numbers.
Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 6-7-2015:
|San Carlos Housing Data||6-7-15||Prior Week|
|Closed Sales for the Week:||3||9|
|Average Sold Price:||$1,551,933||$1,594,944|
|Average $/Sq Foot (Sold)||$909||$1,063|
|Average Sold as Percentage Of List Price:||106%||116%|
|Average DOM of Closed Sales||9||8|
|No. of Homes Pending Sale:||22||23|
|No. of New Listings:||6||2|
|Total # of Active Listings:||11||7|
|Average Price of Active Listings:||$1,962,364||$2,342,143|
|Average DOM of Active Listings:||20||25|
|Average $/Sq Foot (List)||$770||$709|
|Active-Pending Ratio:||0.50 : 1||0.30 : 1|
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