San Carlos Real Estate Summary.
The final week of October is already upon us — it’s hard to fathom that the holidays are only about 8 weeks away. Home sales remained steady this past week with 4 homes going into contract. It was rumored that 3162 La Mesa Drive got nearly two dozen offers! And 882 Hemlock Street, which will close escrow this week, actually sold with multiple offers before it ever hit the market. So much for the market cooling off as we approach the end of the year. If you are still hesitant about whether to list your home now, as opposed to waiting until next year, this should hopefully resolve any doubt about the strength of the market.
Here are the numbers for 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 10-27-2012:
|San Carlos Housing Data||10-27-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||94%||104%|
|Average DOM of Closed Sales||52||25|
|No. of Homes Pending Sale:||34||34|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,531,212||$1,406,602
|Average DOM of Active Listings:||62||55|
|Average $/Sq Foot (List)||$574||$579|
||0.82 : 1||0.85 : 1|
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