Back to Low Inventory.
Don’t look now, but the inventory of single-family homes for sale in San Carlos just took another nose dive. As of this morning, there are only 12 homes for sale in the entire city, and that number may drop even further by the end of the day today. This is all because 8 homes went into contract last week, and there were only 3 new listings to fill the gap. Clearly, there is still strong buyer demand in San Carlos, and sellers should take this as proof that this real estate market knows no calendar. Sellers will be able to move their home at any time throughout the end of this year.
If you’re thinking about selling your home and debating on whether to wait until next year to list it, you really need to take heed of this climate. The market is still so heavily in favor of sellers right now — especially now that there is virtually no competition.
Here are the numbers for 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 10-5-2013:
|San Carlos Housing Data||10-5-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||103%||118%|
|Average DOM of Closed Sales||11||13|
|No. of Homes Pending Sale:||28||26|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,820,663||$1,679,217
|Average DOM of Active Listings:||43||46|
|Average $/Sq Foot (List)||$572||$552|
||0.43 : 1||0.69 : 1|
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