San Carlos Real Estate Summary.
I overheard a conversation this week between two agents that the market might actually be slowing down in San Carlos (no, this is not an April Fool’s joke). I’m not quite sure where that perception came from — maybe it’s the fact that some of the recent sales were “only” getting 4-6 offers, instead of the lofty double-digit offer counts of some previous sales. But if you want an indication of the temperature of this market this past week, just look at the Pending Sales section below. Eight homes went pending last week — seven of those eight were gone in under two weeks. One never had an open house.
It’s not slowing down, folks. You heard it here first.
Here are the numbers from last 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 3-30-2013:
|San Carlos Housing Data||3-30-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||101%||106%|
|Average DOM of Closed Sales||19||10|
|No. of Homes Pending Sale:||27||22|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,288,200||$1,307,000
|Average DOM of Active Listings:||10||13|
|Average $/Sq Foot (List)||$626||$642|
||0.37 : 1||0.64 : 1|
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