San Carlos Real Estate Summary.
Although it was a relatively small sample size at only 6 closed sales, it was still an eye-opener to see that the sales price for these 6 listings commanded a 14% premium on average over the asking price. Four of the six fetched $200,000 or more over their asking price, or an upside of 17-20%. Buying activity continues to be brisk, with 8 more homes going into contract over the past week. And open houses reported crushing crowds over the weekend.
Even with a significant correction in the stock market at the end of the week, it doesn’t seem that anything can curb the enthusiasm and momentum of the real estate market in San Carlos right now. It’s an amazing thing to see.
Here are the numbers 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 6-1-2013:
|San Carlos Housing Data||6-1-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||114%||107%|
|Average DOM of Closed Sales||9||12|
|No. of Homes Pending Sale:||34||32|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,258,118||$1,268,047
|Average DOM of Active Listings:||19||28|
|Average $/Sq Foot (List)||$611||$612|
||0.50 : 1||0.59 : 1|
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