San Carlos Real Estate Summary.
Pending sales dropped significantly this week, with only 4 homes going into contract. This is most likely due to a lack of inventory to choose from, and not reflective of a lack of buyer interest. Several of the listings that hit the market this week will be pending this coming week too, as buyer interest remains strong. But to give you an idea of how lean the inventory is, there are currently only 2 homes for sale in all of the White Oaks, one in Oak Park, and zero in Howard Park. So for home buyers looking for the flats or wanting to stay close to downtown, there’s very little to choose from right now.
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 5-5-2012:
|San Carlos Housing Data||5-5-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot
|Sold Price vs Orig List (%)||101%||97%|
|Average DOM of Closed Sales||28||74|
|No. of Homes Pending Sale:||43||48|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,458,326||$1,492,284 (-2.3%)|
|Average DOM of Active Listings:||32||35|
||0.5 : 1||0.42 : 1|
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