San Carlos Real Estate Summary.
Sorry for the delay in getting the report out this past week. If you need hard evidence that home prices are rising in San Carlos, just take a peek at the sold numbers below. For the homes that closed escrow this week, they fetched an average of 11% over the asking price, led by the stratospheric performance of 148 Chestnut Street, which sold for a whopping 30% over its asking price. And there are more eye-popping sales that will be registered in the coming weeks. This means that buyers are really having to dig deep to land their home in this ultra-competitive seller’s market. And with only about 11 homes to choose from in the entire city of San Carlos, it’s going to remain this way for the foreseeable future.
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 2-16-2013:
|San Carlos Housing Data||2-16-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||111%||109%|
|Average DOM of Closed Sales||10||14|
|No. of Homes Pending Sale:||23||20|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,256,953||$1,302,493
|Average DOM of Active Listings:||14||10|
|Average $/Sq Foot (List)||$607||$617|
||0.6 : 1||0.6 : 1|
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