San Carlos Real Estate Summary.
If this past week was any indication, then the fall real estate market in San Carlos is going to be a barn-burner. As anticipated, there was a surge of new listings right after Labor Day weekend, with 11 new listings hitting the market. House hunters are out in full force, particularly in the flats, as witnessed by both 2100 Eaton Avenue and 1912 Howard Avenue being snapped up in just a week. Buyers are anxious to take advantage of the historically low interest rates, and those sellers who want to move their home before the holidays are wisely getting them on the market. Should be a fun few weeks ahead!
Here’s a quick snapshot of the inventory of San Carlos single family homes as of 9-10-2011:
|Active Listings||58||49 (+18.4%)|
|Average Price of Active Listings||$1,015,766||$988,858 (+2.7%)|
|Average DOM of Active Listings||65||75|
|No. of Homes Pending Sale||32||37 (-13.5%)|
|Ratio of Active:Pending||1.8 : 1||1.3 : 1|
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