San Carlos Real Estate Summary.
Buyers got some very welcome news this week with an announcement from the Federal Reserve that they will be taking aggressive measures to stimulate the economic growth in the country. More details on this are forthcoming in a separate post, but suffice it to say that this action will ensure that interest rates are at very attractive levels for a long time. The housing market in San Carlos seems oblivious to whatever else is happening in the rest of the country. Great houses on great streets still command hot bidding wars and multiple offers, as was evidenced at 2084 Alma Street this week. And no matter how many listings get pushed onto the market, the inventory never seems to climb above the low-30 mark.
Here are the numbers for the 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 9-15-2012:
|San Carlos Housing Data||9-15-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||102%||101%|
|Average DOM of Closed Sales||23||21|
|No. of Homes Pending Sale:||29||28|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,530,062||$1,462,387
|Average DOM of Active Listings:||48||61|
|Average $/Sq Foot (List)||$581||$578|
||1.1 : 1||1 : 1|
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