A Week Off.
As we head into the short holiday week, home buyers in San Carlos won’t need to allocate too much time looking for homes over the extended weekend. As of this morning, there are only 10 single-family homes for sale in the entire city, and that number will likely drop significantly in the coming days as several of the newer listings will be taking offers prior to Thanksgiving. We will definitely be in the single-digits before too long.
Hopefully, more sellers will opt to take advantage of the market conditions and decide to list their homes in December — otherwise, it’s going to be a dry-spell to end this year for prospective home buyers.
Because of the short week and the lack of transactions to report, The San Carlos Real Estate Week in Review series will very likely take a one week hiatus. The next edition will be on Monday, December 9th and will include the combined data for both weeks. In the meantime, I hope everyone has a happy and safe Thanksgiving!
Here are the numbers for 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 11-23-2013:
|San Carlos Housing Data||11-23-13||Prior Week|
|Closed Sales for the Week:||1||2|
|Average Sold Price||$1,748,375||$1,200,000|
|Average $/Sq Foot (Sold)||$920||$745|
|Sold Price vs Orig List (%)||104%||111%|
|Average DOM of Closed Sales||11||19|
|No. of Homes Pending Sale:||28||25|
|Inventory of Active Listings:||11||11|
|Average Price of Active Listings:||$1,634,909||$1,703,545|
|Average DOM of Active Listings:||48||47|
|Average $/Sq Foot (List)||$577||$594|
|Active-Pending Ratio:||0.39 : 1||0.42 : 1|
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