San Carlos Real Estate Summary.
It’s a little rare to see so much activity in the townhouse/condo market in San Carlos, but during this past week that sub-segment of the real estate market was pretty busy. But the stats below show how tough the economy has been on condos — take a look at the discounts that the sellers had to take to get their unit into contract, and also how long some of these units sat on the market before they sold. While single-family residences in San Carlos have weathered the downturn remarkably well, the same can’t be said for townhouses and condos. The bright side? People seem to be stepping to the plate and buying — 5 went into contract just this past week alone.
Here’s a quick snapshot of the inventory of San Carlos single family homes as of 10-1-2011:
|Active Listings||47||50 (-6.0%)|
|Average Price of Active Listings||$1,033,606||$1,035,591 (-0.2%)|
|Average DOM of Active Listings||65||71|
|No. of Homes Pending Sale||40||39 (+2.6%)|
||1.2 : 1||1.3 : 1|
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