San Carlos Real Estate Summary.
The San Carlos real estate market continues to power right through the summer months. It was pretty solid showing for the middle of August, with 4 new listings and 4 homes going into contract. 2360 Howard Avenue actually made both of those lists, as it was snapped up before the first open house. So there indeed in strength in the market over $1.5M too.
As we approach mid-August and precursor to Labor Day weekend, look for more listings to hit the market as smart sellers look to get a jump on the fall market. This late-season surge used to take place after Labor Day weekend, but now that school starts for most kids in August, the start of the fall market happens a bit sooner.
Here are the numbers for the 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 8-4-2012:
|San Carlos Housing Data||8-4-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||97%||101%|
|Average DOM of Closed Sales||30||19|
|No. of Homes Pending Sale:||32||30|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,355,671||$1,337,101
|Average DOM of Active Listings:||46||46|
|Average $/Sq Foot (List)||$562||$581|
||1 : 1||1.1 : 1|
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