San Carlos Real Estate Summary.
Summer is in full swing in San Carlos, but you’d never know it by the weather! The real estate market is in cruise-mode now, as you might expect in the summer months. The number of available homes tends to drop, as fewer people put their homes on the market in July and August — that trend is certainly holding true, as the inventory dropped by over 10% just this week. Also worth noting; of the 9 home sales that closed this week, a whopping 78% were purchased below the original list price. This is certainly in line with the trends we discussed in the mid-year report earlier this week.
Here’s a quick snapshot of the inventory of San Carlos single family homes as of 7-16-2011:
|Active Listings||52||58 (-10.3%)|
|Average Price of Active Listings||$1,034,669|
|Average DOM of Active Listings||65||74|
|No. of Homes Pending Sale
|Ratio of Active:Pending||1.2 : 1||1.2 : 1|
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