San Carlos Real Estate Summary.
The lack of new listings once again controlled the pace of the market in San Carlos this past week. With only 4 new single-family residences to choose from, the pending sales number dropped to half the rate of last week. Buyers can’t buy what’s not there. This mirroring of pending sales versus new listings kept the inventory at 21 homes for sale in the city — a number which will probably drop again into the teens by next week since 104 Windsor Drive and 29 Upland Avenue will be taking offers on Tuesday.
Here are the numbers for this past 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 3-31-2012:
|San Carlos Housing Data||3-31-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot
|Sold Price vs Orig List (%)||98%||99%|
|Average DOM of Closed Sales||33||152|
|No. of Homes Pending Sale:||56||55|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,437,216||$1,356,630 (+6%)|
|Average DOM of Active Listings:||32||41|
||0.38 : 1||0.4 : 1|
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