San Carlos Real Estate Summary.
If you need any further proof that the demand is red-hot for homes in San Carlos, this past week should have resolved any doubt. The $2.8M home at 1955 Carmelita Drive sold in just 5 days, reportedly with multiple offers. And the first open house on Saturday for the beautiful craftsman at 1837 Howard Avenue was absolutely packed. Buyers are definitely out there in big numbers, and with 8 homes being snapped up this past week, it has been impossible to build up any significant inventory of homes. As of this post, there are still only 25 homes to choose from in the entire city.
Even the active/pending ratio — which normally sits at about 1.7-2.0 — hit a low of 0.6 this week. That’s the lowest number that I can recall posting in the 4+ years of this blog’s existence.
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 2-25-2012:
|San Carlos Housing Data||2-25-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot
|Sold Price vs Orig List (%)||97%||89%|
|Average DOM of Closed Sales||13||113|
|Inventory of Active Listings:
|Average Price of Active Listings:||$986,159||$977,222 (+0.9%)|
|Average DOM of Active Listings:||77||79|
|No. of Homes Pending Sale:||40||36|
||0.6 : 1||0.8 : 1|
>>> Click Here to Read the Full Post
Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!