San Carlos Real Estate Summary.
2013 is officially here, and it appears to be off to an active start. There are quite a few closed sales in the report below, but most of them came in under the wire in 2012 just after the last weekly report was published. Those will all be tabulated in the 2012 Year in Review post that will be on the site by tomorrow.
If you want an indication of how competitive the San Carlos real estate market is going to be in 2012, you only needed to stop by the open house at 868 Cordilleras Avenue this past weekend. Parking was non-existent, and the open house was packed with wall-to-wall people the entire weekend. That’s the benefit of being the only new listing in a severely unbalanced market. If you’re indecisive about putting your home on the market in January, that should be all the guidance you need.
Here are the numbers from 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 1-5-2013:
|San Carlos Housing Data||1-5-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||89%||0%|
|Average DOM of Closed Sales||46||NA|
|No. of Homes Pending Sale:||11||16|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,699,100||$1,863,329
|Average DOM of Active Listings:||123||119|
|Average $/Sq Foot (List)||$554||$549|
||1 : 1||0.75 : 1|
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