There were definitely some signs of hope for home buyers in San Carlos this past week. Eight new listings made their debut, which was nearly triple the amount from the prior week. And over half of them were below the $1.5M price threshold, which helps a bit with the affordability factor. Of course, where these ultimately sell in anyone’s guess.
But we are now heading into the two key months of the Spring market, where buyers should see the largest number of new listings that they will see all year — April and May. This week might prove to be a light start to April, since many agents want to avoid Easter weekend for their first open house. But expect to see activity jump significantly next week as the Spring market hits full stride, and there’s an unbroken string of non-holiday weekend all the way up to Memorial Day Weekend. These two months will clearly define what type of year we are going to have in the San Carlos real estate market.
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 3-29-2015:
|San Carlos Housing Data||3-29-15||Prior Week|
|Closed Sales for the Week:||6||6|
|Average Sold Price:||$1,892,500||$1,691,500|
|Average $/Sq Foot (Sold)||$755||$868|
|Average Sold as Percentage Of List Price:||109%||123%|
|Average DOM of Closed Sales||9||9|
|No. of Homes Pending Sale:||16||16|
|No. of New Listings:||8||3|
|Total # of Active Listings:||13||8|
|Average Price of Active Listings:||$1,412,308||$1,413,000|
|Average DOM of Active Listings:||15||17|
|Average $/Sq Foot (List)||$797||$832|
|Active-Pending Ratio:||0.81 : 1||0.69: 1|
>>> Click Here to Read the Full Post
Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!