San Carlos Real Estate Summary.
Home buyers in San Carlos got a rare treat this past week — there were actually more new listings to hit the market than there were pending sales, by a margin of over 2:1. That means the inventory got a badly needed boost (to the tune of +45%), and buyers now have more than a few options to look at this weekend. While the inventory is still an an unseasonably low of 29, it’s a welcome relief from being stuck in the teens. Let’s hope this trend continues in the coming weeks, because there are more than enough buyers to handle any surge in inventory right now.
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 4-21-2012:
|San Carlos Housing Data||4-21-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot
|Sold Price vs Orig List (%)||99%||98%|
|Average DOM of Closed Sales||21||104|
|No. of Homes Pending Sale:||46||58|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,333,334||$1,613,602 (-17.4%)|
|Average DOM of Active Listings:||24||26|
||0.63 : 1||0.34 : 1|
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