The early-January real estate market in San Carlos is slowly starting to awaken from the traditional holiday hibernation. There were 3 new listings to hit the market last week, and more that are in the planning phases to make their debut in the coming weeks. It will take a pretty significant push to get the inventory back up into the double-digits, but early indications are showing that January will be an active month.
If you’re a buyer in this market, it would be good advice to pay close attention to the market in the coming weeks. There should be some good opportunities coming available.
Here are the details from last week:
By the Numbers.
Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 1-10-2015:
|San Carlos Housing Data||1-10-15||Prior Week|
|Closed Sales for the Week:||3||3|
|Average Sold Price:||$1,485,000||$1,122,960|
|Average $/Sq Foot (Sold)||$603||$804|
|Average Sold – Percentage Of List Price:||97%||100%|
|Average DOM of Closed Sales||31||24|
|No. of Homes Pending Sale:||13||16|
|No. of Active Listings:||5||3|
|Average Price of Active Listings:||$1,310,990||$1,189,667|
|Average DOM of Active Listings:||9||32|
|Average $/Sq Foot (List)||$758||$804|
|Active-Pending Ratio:||0.38 : 1||0.19: 1|
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