San Carlos Real Estate Summary.
A milestone was reached this week — for the first time in several months, there were as many homes listed on the market as there were pending sale. If you’ve watched the stats in the table below, you now for much of the year that ratio has been below 1.0, which is uncommon in any market for such an extended period of time. But this week, we finished up with 36 homes for sale and 36 homes pending sale. This is a small step in the right direction toward a more balanced real estate market. Perhaps over the summer months the inventory will continue to slowly build back to a normal level… We’ll see.
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 6-23-2012:
|San Carlos Housing Data||6-23-12||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||103%||104%|
|Average DOM of Closed Sales||12||16|
|No. of Homes Pending Sale:||36||36|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,299,849||$1,464,234
|Average DOM of Active Listings:||32||37|
|Average $/Sq Foot (List)||$572||$583|
||1 : 1||0.9 : 1|
>>> Click Here to Read the Full Post
Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!