San Carlos Real Estate Summary.
The final report of the new year is a pretty light one, as you might expect. There was actually more activity in the townhouse and condo market last week than there was in the single-family residence market. Looking ahead to 2013, one thing is for sure: We will be starting off a new year with an unprecedented low inventory level. 2013 will start with only 12 single-family residences and 2 condo/townhouses to choose from in all of San Carlos. That’s going to make a tough start for buyers in the new year, but those sellers who are wise enough to put their house on the market in the first two months of the new year should do very well. The first two months of the year should be very interesting.
This is the final post of 2012 on the White Oaks Blog, and I’d like to take this opportunity to wish everyone a Happy New Year. I sincerely appreciate the loyal and growing readership of this site, and I’m honored to be your go-to source for San Carlos real estate news. I look forward to seeing everyone around town in the new year.
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 12-29-2012:
|San Carlos Housing Data||12-29-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||0%||104%|
|Average DOM of Closed Sales||NA||9|
|No. of Homes Pending Sale:||16||15|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,863,329||$1,750,211
|Average DOM of Active Listings:||119||99|
|Average $/Sq Foot (List)||$549||$539|
||0.75 : 1||0.93 : 1|
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