San Carlos Real Estate Summary.
If you want a good snapshot that captures the speed and strength of the San Carlos Real estate market, just look at the stats directly below for homes that sold (closed escrow) this past week. The average price per square foot was over $700, the average number of days on the market was only 8, and the sales prices were roughly 7% above the asking price. Those are some pretty hefty numbers in a market that just doesn’t seem to be losing any steam.
It also serves as a great reminder that you have to stay on task if you’re actively looking to purchase a home in this market, because things are still moving very quickly — even as more listings are coming onto the market. If homes are selling within the first week of their debut, every single day matters when you’re putting together your buying strategy. And that will get further complicated as we head into the early part of the vacation season for many people.
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 5-11-2013:
|San Carlos Housing Data||5-18-13||Prior Week|
|Closed Sales for the Week:
|Average Sold Price
|Average $/Sq Foot (Sold)
|Sold Price vs Orig List (%)||107%||105%|
|Average DOM of Closed Sales||8||13|
|No. of Homes Pending Sale:||37||35|
|Inventory of Active Listings:
|Average Price of Active Listings:||$1,261,091||$1,355,854
|Average DOM of Active Listings:||24||10|
|Average $/Sq Foot (List)||$625||$602|
||0.51 : 1||0.51 : 1|
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