Another strong buying week has once again pushed the inventory of single family homes in San Carlos down to paltry levels. Five single family homes went into contract last week with only 3 new listings to replace them. That net deficiency pushed the number of available homes down to 15 at the time of this post. Worse yet, with 4 more listings that have set offer dates for this week, that inventory number will continue to plummet if there isn’t a significant influx of new homes today or tomorrow.
If you’re still on the fence about listing your home this late in the year, you should have no qualms about doing so. You could not ask for more favorable market conditions to sell a home than what we have right now.
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 10-26-2013:
|San Carlos Housing Data||10-26-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||110%||111%|
|Average DOM of Closed Sales||10||24|
|No. of Homes Pending Sale:||21||22|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,543,400||$1,550,615
|Average DOM of Active Listings:||39||42|
|Average $/Sq Foot (List)||$602||$577|
||0.71 : 1||0.73 : 1|
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