Listing activity picked up somewhat last week in San Carlos, certainly when compared to the prior week. Six new homes jumped into the fray, and only two went into contract. This succeeded in bringing the inventory back out of the single-digit range, but only back up to 12 total units for sale in the entire city. Even as we head into September, this is a paltry inventory level for what normally is a robust Fall market.
Condo and townhouse buyers enjoyed a (relatively) healthy uptick in new listings, with four new units debuting on the market — this succeeded in bringing the inventory total up to 5 total units. That’s certainly not a huge number, but it’s over double where we started last week at this time.
With the month of September starting tomorrow, there are about 2 months left in the calendar year of decent real estate activity – maybe an additional two weeks if November turns out to be a dry one again like it has in previous years. Here’s to hoping that buyers get quite a few more listings to choose from before the end of this year.
Here’s the recap 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 8-30-2015:
|San Carlos Housing Data||8-30-15||Prior Week|
|Closed Sales for the Week:||2||8|
|Average Sold Price:||$1,770,000||$1,536,876|
|Average $/Sq Foot (Sold)||$909||$967|
|Average Sold as Percentage Of List Price:||110%||112%|
|Average DOM of Closed Sales||12||16|
|No. of Homes Pending Sale:||22||22|
|No. of New Listings:||6||3|
|Total # of Active Listings:||11||7|
|Average Price of Active Listings:||$1,772,700||$2,256,754|
|Average DOM of Active Listings:||10||23|
|Average $/Sq Foot (List)||$791||$841|
|Active-Pending Ratio:||0.50 : 1||0.32 : 1|
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