Watching the Calendar.
Now that we are past the Labor Day Weekend, some buyers are starting to nervously watch the calendar and wondering if they’re going to find their home before we settle in for the traditional slow-down after the Thanksgiving holiday. The good news is that we still have a good solid 2-2.5 months of market time before we hit that point. And from discussions that I have had with other Realtors, as well as other professionals who are typically involved in the preparation of a listing (inspectors, stagers, title reps), they are all extremely busy right now — which seems to indicate that we’re going to have a very robust inventory turn during this Fall market. If the past few weeks are any indication, there should be plenty to see in the upcoming month.
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 9-7-2013:
|San Carlos Housing Data||9-7-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||112%||112%|
|Average DOM of Closed Sales||12||17|
|No. of Homes Pending Sale:||32||29|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,458,990||$1,466,586
|Average DOM of Active Listings:||31||31|
|Average $/Sq Foot (List)||$601||$639|
||0.69 : 1||0.76 : 1|
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