San Carlos Real Estate Summary.
Easter weekend usually marks the unofficial half-way point in the spring real estate market, with roughly an equal number of weeks on either side in the spring home shopping season. And this year has been a memorable one so far. We enter the second half with record low inventory — we dipped as low as 18 homes for sale this week — and an absurdly low active-to-pending ratio of 0.31. Multiple offers are the norm rather than the exception in this market, and there’s no sign of that changing in the coming weeks.
Happy Easter! 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 4-7-2012:
|San Carlos Housing Data||4-7-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot
|Sold Price vs Orig List (%)||104%||98%|
|Average DOM of Closed Sales||12||33|
|No. of Homes Pending Sale:||60||56|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,673,657||$1,437,216 (+17%)|
|Average DOM of Active Listings:||31||32|
||0.32 : 1||0.38 : 1|
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