San Carlos Real Estate Summary.
The inventory of single-family residences for sale in San Carlos dropped to its lowest level in a long time when we finished last week with only 24 homes on the market. Having a lean inventory is not that uncommon for early in the year, but even this level is about 20% lower than average for this time of year. This is certainly a source of frustration for many buyers who are patiently waiting for more homes to choose from.
Buying activity has been one consistent factor that is keeping inventory levels low. This past week 7 homes went under contract, which means nearly a quarter of the inventory from the prior week (30) was consumed in just one week! Obviously, there’s still some pent-up demand for homes in San Carlos.
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 2-4-2012:
|San Carlos Housing Data||2-4-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot
|Sold Price vs Orig List (%)||96%||0%|
|Average DOM of Closed Sales||42||0|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,006,203||$965,962 (+4.2%)|
|Average DOM of Active Listings:||117||113|
|No. of Homes Pending Sale:||33||33|
||0.7 : 1||1.0 : 1|
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