San Carlos Real Estate Summary.
It was another solid showing in the market this past week. 11 homes went pending, quite a few of them with multiple offers. Only 5 new listings made their debut, however, so the net result was a precipitous drop of nearly 21% in the number of homes for sale. The topic of the week with everyone who is either buying or selling right now seems to be the direction of the Facebook stock price, which has been heading southward since the IPO. That doesn’t appear to be slowing anything down in the market.
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 6-2-2012:
|San Carlos Housing Data||6-2-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||101%||101%|
|Average DOM of Closed Sales||31||21|
|No. of Homes Pending Sale:||45||41|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,396,187||$1,294,792 (+8%)|
|Average DOM of Active Listings:||25||20|
|Average $/Sq Foot (List)||567||566|
||0.6 : 1||0.83 : 1|
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