As I predicted last week, the new listings started to come out of the woodwork after the Easter weekend. San Carlos saw 9 single-family homes make their listing debut this past week, with most of them hitting the market late in the week. I expect that this trend will continue in the coming weeks as we head into the sweet spot of the Spring real estate market.
This week also saw the unveiling of the first nearly $5M listing that I have ever seen in San Carlos at 168 Queens Court. It will be interesting to watch where this one sells, because it will certainly test just how rich the San Carlos real estate market really is.
Sales figures on closed homes were once again off the charts, with two homes fetching premiums of over $400,000 above the asking price. There seems to be nothing that will dampen the enthusiasm for homes in San Carlos right now.
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 4-12-2015:
|San Carlos Housing Data||4-12-15||Prior Week|
|Closed Sales for the Week:||5||4|
|Average Sold Price:||$1,666,000||$1,581,000|
|Average $/Sq Foot (Sold)||$749||$790|
|Average Sold as Percentage Of List Price:||116%||113%|
|Average DOM of Closed Sales||85||9|
|No. of Homes Pending Sale:||15||14|
|No. of New Listings:||9||4|
|Total # of Active Listings:||16||13|
|Average Price of Active Listings:||$1,671,804||$1,489,385|
|Average DOM of Active Listings:||13||13|
|Average $/Sq Foot (List)||$788||$772|
|Active-Pending Ratio:||1.1 : 1||0.93: 1|
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