San Carlos Real Estate Summary.
The numbers may not show it, but it was another brisk week for San Carlos real estate. It seemed as is there was a momentary pause in the buying activity for about 4-5 days as buyers tried to digest the surge of new listings that came on the market immediately after Labor Day weekend. But the market seems to be surging forward again. There are some great options for buyers in this market below the $900K mark, but they won’t be around forever.
Here’s a quick snapshot of the inventory of San Carlos single family homes as of 9-24-2011:
|Active Listings||50||54 (-7.4%)|
|Average Price of Active Listings||$1,035,591||$999,499 (+3.6%)|
|Average DOM of Active Listings||71||67|
|No. of Homes Pending Sale||39||38 (+2.6%)|
|Ratio of Active:Pending||1.3 : 1||1.4 : 1|
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