Continuing our discussion from last week about the $2,000,000 sales mark for homes in San Carlos, this week marked another interesting milestone — the average list price for all 13 homes currently on the market in San Carlos is now sitting at $2,001,000. Since I have been compiling statistics for the Real Estate Week in Review, I cannot recall if or when the average asking price has ever topped $2M for a given week. I can remember that it wasn’t too long ago when the average price of a home in San Carlos first eclipsed the $1,000,000 mark, though. It was more recent than you probably think!
The same milestone also held true for homes that closed escrow this past week, with two of the three homes selling for over $2,000,000. There doesn’t seem to be any reluctance to hit this mark in San Carlos, that’s for sure.
After a relatively busy week, the condo and townhouse market has went back to sleep. There were no new listings in San Carlos last week in this market segment, and no closed sales to report. Only one unit went pending last week, putting the inventory at three units for sale in the entire city. And those three should all be in contract sometime this week.
Here’s the scoop 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 8-9-2015:
|San Carlos Housing Data||8-9-15||Prior Week|
|Closed Sales for the Week:||3||5|
|Average Sold Price:||$2,001,000||$1,857,500|
|Average $/Sq Foot (Sold)||$888||$777|
|Average Sold as Percentage Of List Price:||113%||115%|
|Average DOM of Closed Sales||28||14|
|No. of Homes Pending Sale:||21||17|
|No. of New Listings:||7||4|
|Total # of Active Listings:||13||13|
|Average Price of Active Listings:||$2,074,308||$1,759,267|
|Average DOM of Active Listings:||11||14|
|Average $/Sq Foot (List)||$751||$792|
|Active-Pending Ratio:||0.62 : 1||0.76 : 1|
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