San Carlos Real Estate Summary.
It’s kind of rare to have a week where not a single home closes escrow in the entire city. But if that’s going to happen, it will usually be in January, late summer, or sometime in December. And it looks like this was just that kind of week, because nothing closed! Buyers stayed active however, taking 4 of the available homes off the market. And the 5 new listings that made their debut this week pushed the inventory back up to 30 homes — which is still only about 50% (or less) of what you would expect to see at the peak of a normal spring market.
On the note of inventory, I’ll have a specific post later this week about the inventory outlook for San Carlos in 2012. In the meantime, here are the numbers for this past 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 1-28-2012:
|San Carlos Housing Data||1-28-12||Prior Week|
|Inventory of Active Listings:
|Average Price of Active Listings:||$965,962||$951,909 (+1.5%)|
|Average DOM of Active Listings:||113||122|
|Homes Pending Sale:||29||27 (+7%)|
||1.0 : 1||1.1 : 1|
|Closed Sales for the Week:
|Average Sold Price
|Sold Price vs Orig List (%)||0%||102%|
|Average DOM of Closed Sales||0||28|
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