The San Carlos real estate market shrugged off the conventional wisdom that the mid-summer is not an ideal time to put a home on the market, as nine different homes hit the market last week. Home buyers remained very active as well, picking off five homes during the same period – and all five had been on the market for less than two weeks, which shows that the market is continuing to turn inventory very quickly.
As we head into August, it marks the beginning of the Fall real estate market in San Carlos. In the past, this secondary market wouldn’t start in earnest until after Labor Day weekend. But with so many schools now starting back in mid-late August, the market activity has been ramping up noticeably in early August the past several years. Look for this year to be no different this year as July closes out this week. You can also expect that September and October will be excellent months to list a home this year, since the buying activity has remained so strong during the summer.
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 7-26-2014:
|San Carlos Housing Data||7-26-14||Prior Week|
|Closed Sales for the Week:||7||7|
|Average Sold Price:||$1,136,000||$1,342,123|
|Average $/Sq Foot (Sold)||$779||$810|
|Average Percentage Over List Price:||106%||108%|
|Average DOM of Closed Sales||14||16|
|No. of Homes Pending Sale:||23||25|
|No. of Active Listings:||22||21|
|Average Price of Active Listings:||$1,415,209||$1,542,900|
|Average DOM of Active Listings:||26||31|
|Average $/Sq Foot (List)||$699||$671|
|Active-Pending Ratio:||0.96 : 1||0.84 : 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!