San Carlos Real Estate Summary.
For the first time in quite a few weeks, the number of active listings is slightly higher than the number of pending sales (32 vs 30.) This is more in line with a balanced real estate market — a ratio of 2 to 3 is more what you’d expect to see in a normal year. We’ve been below 1 for much of 2012, as you’ve probably noticed in the table below.
The summer effect was definitely felt last week, and we’re getting ready to enter what is traditionally one of the slowest months in the real estate year. Demand should continue to push home sales — it’s just a question of how many new listings will feed that demand.
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 7-28-2012:
|San Carlos Housing Data||7-28-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||101%||101%|
|Average DOM of Closed Sales||19||20|
|No. of Homes Pending Sale:||30||33|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,337,101||$1,365,991
|Average DOM of Active Listings:||46||43|
|Average $/Sq Foot (List)||$581||$556|
||1.1 : 1||0.8 : 1|
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