San Carlos Real Estate Summary.
As predicted, the inventory of homes for sale continued to drop this week, and now sits at 14 homes for sale in all of San Carlos. Of these 14 homes, 4 of them are spec homes or remodels that are in process, so the net effective inventory is really 10. Ouch. By comparison, there are only 11 homes for sale in Belmont, so it’s clearly an issue that spans outside of San Carlos. Sellers who have their homes ready to sell are likely waiting until after the New Year to put their homes on the market. Let’s just hope there are lots of them waiting to go.
Here are the numbers from 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 12-15-2012:
|San Carlos Housing Data||12-15-12||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||16||76|
|No. of Homes Pending Sale:||17||22|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,757,354||$1,778,875
|Average DOM of Active Listings:||93||94|
|Average $/Sq Foot (List)||$542||$568|
||0.82 : 1||0.73 : 1|
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