The pace of new listings definitely picked up last week in San Carlos. Nine new single-family homes debuted on the market, and two townhouse/condo units also jumped into fray. This is not a surprise, since we are essentially right in the thick of the Spring real estate market, and we generally see a spike around this time.
Home prices are holding their own, as is evidenced by the data on closed sales from last week. These homes garnered an average of 14% above the asking price, with most of them pulling in 6-figure premiums. This indicates that strong buyers are still out there looking for the right home in San Carlos. Even homes that have been on the market for 21 days or more are starting to see renewed interest, so there are still definitely more buyers than there are sellers in this market.
Here is a look at last week’s numbers:
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 4/24/2016:
|San Carlos Housing Data||4/24/16||Prior Week|
|Closed Sales for the Week:||8||5|
|Average Sold Price:||$1,704,500||$1,434,200|
|Average $/Sq Foot (Sold)||$931||$970|
|Average Sold as Percentage Of List Price:||114%||112%|
|Average DOM of Closed Sales||17||9|
|Total # of Homes Pending Sale:||19||22|
|No. of New Listings:||9||6|
|Total # of Active Listings:||24||21|
|Average Price of Active Listings:||$1,936,607||$2,183,934|
|Average DOM of Active Listings:||20||21|
|Average $/Sq Foot (List)||$844||$899|
|Active-Pending Ratio:||1.3 : 1||0.95 : 1|
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