It was a surprisingly robust week for new listings in San Carlos, considering that we’re smack in the middle of the summer and late-July is not traditionally a strong market for listing homes. Nonetheless, there were seven new single-family listings that entered the market last week, which helped to drive the inventory up to a total of 14 homes for sale. That’s still not a huge number, but it’s a good pop above where we closed the previous week.
Sale prices for homes that closed last week were remarkably strong, too, with the sales prices fetching a whopping 19% above the list price on average. That’s significantly higher than what we typically see on a weekly basis, and this week it can be attributed both to some surprisingly strong sales prices, combined with a few homes that were simply under-priced to begin with, which skewed that number slightly upward.
But regardless, the market still remains active and strong for single-family residences in San Carlos. The same can’t be said for condos and townhomes, though. As of this morning, there is only one condo for sale in the entire city
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 7-26-2015:
|San Carlos Housing Data||7-26-15||Prior Week|
|Closed Sales for the Week:||6||8|
|Average Sold Price:||$1,471,000||$1,837,725|
|Average $/Sq Foot (Sold)||$795||$852|
|Average Sold as Percentage Of List Price:||119%||110%|
|Average DOM of Closed Sales||10||23|
|No. of Homes Pending Sale:||16||19|
|No. of New Listings:||7||4|
|Total # of Active Listings:||14||10|
|Average Price of Active Listings:||$1,785,243||$1,829,395|
|Average DOM of Active Listings:||12||11|
|Average $/Sq Foot (List)||$785||$823|
|Active-Pending Ratio:||0.89 : 1||0.53 : 1|
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