It’s easy to tell that we are sliding into the holiday season, because the activity level dropped of significantly in just one week. There was not a single new single family residence listing nor a new condo or townhouse new listing in all of San Carlos. That hasn’t happened in many weeks, but it’s not that uncommon to see as we approach the Thanksgiving holiday. In fact, some home sellers will opt to pull their home off the market this week to allow them to enjoy the holiday season without having to keep their home in “show” condition 24/7.
The inventory numbers certainly reflect this pull-back. As of this morning, there are only 9 single-family homes and 4 townhouse/condos for sale in the entire city. And that number will drop again before it increases, since a few of these listings are expecting offers this week. If nothing else, that gives weary home buyers a chance to take a break and enjoy the holiday week. On that note, Happy Thanksgiving to everyone, and may you have a safe and enjoyable weekend!
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 11-22-2015:
|San Carlos Housing Data||11-22-15||Prior Week|
|Closed Sales for the Week:||5||6|
|Average Sold Price:||$1,654,600||$1,932,083|
|Average $/Sq Foot (Sold)||$736||$883|
|Average Sold as Percentage Of List Price:||116%||112%|
|Average DOM of Closed Sales||12||14|
|No. of Homes Pending Sale:||20||20|
|No. of New Listings:||0||6|
|Total # of Active Listings:||9||14|
|Average Price of Active Listings:||$1,540,333||$1,566,706|
|Average DOM of Active Listings:||36||24|
|Average $/Sq Foot (List)||$909||$900|
|Active-Pending Ratio:||0.45 : 1||0.70 : 1|
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