San Carlos Real Estate Summary.
Just when it seemed like the inventory of homes for sale in San Carlos would remain above 30 for awhile, it quietly dropped about 16% this past week leaving only 26 homes for sale in the entire city. It’s not out of the normal for inventory to drop in August — it’s just not normal for the number to be this low. The listing activity during these next critical two weeks leading up to Labor Day weekend will tell you a whole lot about what to expect from the market this fall. If we get the customary surge in listings, then it will be a very robust 2.5 month fall season. If inventory stays lean, it’s going to be more tough sledding for buyers. Stay tuned…
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 8-18-2012:
|San Carlos Housing Data||8-18-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||100%||109%|
|Average DOM of Closed Sales||40||10|
|No. of Homes Pending Sale:||37||34|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,398,852||$1,307,874
|Average DOM of Active Listings:||54||49|
|Average $/Sq Foot (List)||$598||$570|
||0.7 : 1||0.9 : 1|
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