Bring on December.
Despite the shortened holiday week, it was still a surprisingly busy one for those buyers who chose to stay in town and shop for homes. 5 homes went into contract in that short period of time, and two smart sellers actually bucked the normal trend and decided to list their home during the Thanksgiving week. They are in very select company, because as of this morning there are only 6 single-family homes for sale in the entire City of Good Living — easily the lowest level of the entire year.
Will other sellers take note of the near-perfect selling conditions and list their homes in December, or will they take the more traditional path and wait until the Spring 2014 market? This week should give us our answer. Stay tuned…
Here are the details from last week…
By The Numbers.
Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 11-30-2013:
|San Carlos Housing Data||11-30-13||Prior Week|
|Closed Sales for the Week:||5||1|
|Average Sold Price||$1,046,400||$1,748,375|
|Average $/Sq Foot (Sold)||$654||$920|
|Sold Price vs Orig List (%)||107%||104%|
|Average DOM of Closed Sales||19||11|
|No. of Homes Pending Sale:||29||28|
|Inventory of Active Listings:||6||11|
|Average Price of Active Listings:||$1,600,658||$1,634,909|
|Average DOM of Active Listings:||61||48|
|Average $/Sq Foot (List)||$603||$577|
|Active-Pending Ratio:||0.21 : 1||0.39 : 1|
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