San Carlos Real Estate Summary.
It has been a frustrating couple of weeks for home buyers in San Carlos. Inventory levels have been slowly dropping over the summer, and it really seemed to hit a low this past week. For most of the week, there were more homes in contract (pending sale) than there were active listings. That doesn’t happen very often. To look at it in a different way, during the past week there were more homes for sale in Belmont than there were in San Carlos (now San Carlos has 1 more on the market.) Even the tiny, tony town of Woodside has a larger inventory (54) than does San Carlos (45). But we’re only a week from Labor Day, which marks the beginning of the traditional fall market, so I expect there will be an uptick in listings in the next week or so. (Stay tuned to the site for a announcement to this effect later in the week.)
Here’s a quick snapshot of the inventory of San Carlos single family homes as of 8-27-2011:
|Active Listings||45||47 (-4.3%)|
|Average Price of Active Listings||$1,000,946||$1,017,234 (-1.6%)|
|Average DOM of Active Listings||76||73|
|No. of Homes Pending Sale||44||45 (-2.2%)|
|Ratio of Active:Pending||1.0 : 1||1.0 : 1|
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