The cold and wet weather this week did little to cool off the red-hot real estate market in San Carlos. Inventory moved quickly, as was highlighted by the 9-offer battle for 948 Rosewood Avenue. And three of the homes that went into contract weren’t on the market for a full week before they were snapped up. Inventory varied widely during the week, oscillating between the high 40′s and low 50′s before settling in at 55 by week’s end. This number is still low by comparison to a normal year, which is keeping the competition level high for new listings.
San Carlos Market Report.
Click here to download this week’s edition of the Altos Research Market Report: San Carlos Market Report 3-19-2011
If you’re looking at open houses this weekend in San Carlos here’s the only link you’ll need: The San Carlos Open House Page. With one click, you’ll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It’s updated continuously from the MLS, so bookmark this link and you’ll never have to wander around town looking for open houses again.
Here’s a quick snapshot of the inventory of San Carlos single family homes as of 3-19-2011:
|Active Listings||55||54 (+2%)|
|Average DOM of Active Listings||81||81|
|Homes in Contract||34||36 (-6%)|
|Ratio Active/Pending||1.6 : 1||1.5 : 1|
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