San Carlos Real Estate Summary.
There’s an interesting nugget in this week’s data – of all the homes that closed escrow this past week, over half of them were below their original list price. Looking at the days-on-market averages for that group, it’s apparent that buyers are circling back and looking at some of the homes that have been on the market for an extended period of time — something we discussed on the site a few weeks back.
But don’t let that suggest that the market is cooling down just yet in San Carlos. Multiple offers and aggressive bidding are still the norm for the time being. Here’s a look at this week’s numbers…
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 4-14-2012:
|San Carlos Housing Data||4-14-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot
|Sold Price vs Orig List (%)||98%||104%|
|Average DOM of Closed Sales||104||12|
|No. of Homes Pending Sale:||58||60|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,613,602||$1,673,657 (-4%)|
|Average DOM of Active Listings:||26||31|
||0.34 : 1||0.32 : 1|
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