San Carlos Real Estate Summary.
We spent a fair amount of space on the site last week discussing pricing trends in San Carlos and specifically in the White Oaks neighborhood (look for additional neighborhoods next week). One additional datapoint that was not discussed in that analysis is how homes are selling compared to their original list price. In the last few weeks, as we’ve noted in the tables below, the majority of homes have been selling below their original list price — this week, 2/3 of the homes that closed did not fetch that price point, with the average sale fetching only about 96% of the price it was originally listed for. That’s still a respectable number for other regions, but a little low by San Carlos standards.
Here’s a quick snapshot of the inventory of San Carlos single family homes as of 7-23-2011.
|Active Listings||51||52 (-1.9%)|
|Average Price of Active Listings||$1,023,584||$1,034,669 (-1.1%)|
|Average DOM of Active Listings||67||65|
|No. of Homes Pending Sale
|Ratio of Active:Pending||1.2 : 1||1.2 : 1|
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