San Carlos Real Estate Summary.
If you doubt the strength of the San Carlos real estate market, do so at your own peril. This past week reminded all of us that the market for certain homes is still very hot, even this late in the year. This past week, the homes at 1832 Chestnut Street, 2072 Arroyo Avenue, and 1020 Crestview Drive all sold with multiple offers in only their first week on the market! If you happen to be in the market for a nice 3BR home in San Carlos, this should serve as a reminder that you’ve got to stay on top of the listings as they come up, and be prepared to move quickly and decisively in this market. As the events of the past few weeks have show, there’s still more competition than there are available homes.
Here’s a quick snapshot of the inventory of San Carlos single family homes as of 10-15-2011:
|Active Listings||46||48 (-4.2%)|
|Average Price of Active Listings||$971,336||$966,655 (+0.5%)|
|Average DOM of Active Listings||64||64|
|No. of Homes Pending Sale||38||39 (-2.6%)|
||1.2 : 1||1.2 : 1|
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